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Viridien Releases Latest Phase of Gulf of Mexico Carbon Storage Study

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By Viridien

September 04, 2024

Storage

Viridien has released phase 2 of its GeoVerse™ Carbon Storage Screening Study of the Gulf of Mexico after the successful delivery of phase 1 last year. The final product complements Viridien’s multi-client seismic data to provide comprehensive subsurface data coverage over the US Gulf of Mexico shallow waters and coastal areas.

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Carbon Capture & Commercialization Corp (CC&C), a pioneer in direct air carbon capture technology, announced it has secured an investment letter of intent from Demisar Investments. This potential investment marks a significant step forward in CC&C's mission to develop and deploy cost-effective carbon capture solutions globally.

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Lloyd’s Register (LR) has assigned its first class notation for carbon capture onboard a ship to Eastern Pacific Shipping (EPS)-owned Pacific Cobalt. The 50,000 dwt mid-range chemical carrier retrofit features a prefabricated Onboard Carbon Capture & Storage (OCCS) system supplied by Value Maritime, to significantly reduce exhaust emissions.

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Metsä Group’s production units annually generate around 12 million tonnes of wood-based carbon dioxide, and the company is increasingly focusing on promoting its large-scale capture.

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Heidelberg Materials North America announced it has finalized award negotiations with the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED). Following negotiations, OCED awarded the Mitchell Cement Plant Decarbonization Project as part of its Industrial Demonstrations Program with $300,000 to begin Phase 1 of the project.

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RepAir Carbon US Inc., developer of a uniquely energy-efficient Direct Air Capture technology, and C-Questra, an independent European carbon storage startup, announced a strategic partnership to develop the European Union's first onshore Direct Air Capture and Storage project in France.

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Opus One Winery is among the first wineries in the world to expand their deployment of Chart Industries, Inc. carbon capture solutions. For the last two years, Opus One has implemented Chart’s Earthly Labs’ CiCi solution to capture carbon dioxide (CO2) during red wine fermentation and plans to expand the deployment to double the CO2 captured during the 2024 Harvest.

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Marsh announced the launch of a new insurance solution specifically designed for the transportation and storage of carbon dioxide (CO2). Available to projects globally, Marsh’s unique solution addresses critical insurance limitations that have previously hindered the rapid advancement of the carbon capture and storage industry.

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Canada Growth Fund Inc. and Svante announced a financing commitment of up to US $100 million to accelerate the development and construction of Svante’s commercial carbon capture and removal projects in Canada and the US.

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Promethean Particles, a chemical manufacturing company specializing in metal-organic frameworks (MOFs), announced the closing of a £8M financing round. Promethean currently produces a wide portfolio of MOFs for various customer applications including carbon capture and storage, biogas upgrading, water harvesting and gas separation and storage.

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Capsol Technologies has signed a contract for the delivery of two CapsolGo® carbon capture demonstration campaigns at SCHWENK’s Building Material Group’s Brocēni cement plant in Latvia and the Akmenės Cementas cement plant in Lithuania.

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8 Rivers Capital, LLC, a world-leading decarbonization technology and project developer has embarked on the development of a zero-emissions turbine that will create electricity (~270MWe) from captured carbon dioxide with Siemens Energy, one of the world’s leading energy technology companies.

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The GIS CCUS Brazil platform brings together, on a single website, all public information on carbon capture and storage in the country. Online and free, it provides essential data for the implementation of new projects, such as the amounts of CO2 emitted, existing national infrastructure and potential reservoirs for geological storage.

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The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management announced up to $52.5 million to advance carbon dioxide removal technologies that reduce legacy carbon dioxide (CO2) pollution by removing it directly from the atmosphere to counter-balance emissions from hard-to-abate sectors, such as aviation and shipping.

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InCapture announced the award of Greenhouse Gas Assessment Permit G-15-AP, strategically situated on the North West Shelf of Australia. The award marks a significant step towards a greener future, setting the stage for innovative carbon capture and storage solutions that promise to transform the region’s approach to managing industrial emissions.

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CarbonQuest announced the initial closing on its Series A funding from Riverbend Energy Group. The funding will enable CarbonQuest to offer its Distributed Carbon Capture™ technology to a broader range of carbon emitters and accelerate market penetration of its cost-effective and economically viable solution.

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The U.S. Department of Energy’s (DOE’s) Office of Fossil Energy and Carbon Management announced the selection of nine university and industry-led projects to receive $44.5 million in federal funding to advance commercial-scale carbon capture, transport, and storage across the United States.

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Spiritus announced the filing of a Class VI permit application with the Wyoming Department of Environmental Quality for its Orchard One project. This milestone paves the way for what could become the world’s largest Direct Air Capture (DAC) facility, designed to remove 2 million tons of CO2 annually from the atmosphere, with first-phase operations beginning by 2026 at a fraction of current industry costs.

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Calpine announced that it has executed a cost share agreement with the U.S. Department of Energy Office of Clean Energy Demonstrations for the Sutter Decarbonization Project, a full-scale carbon capture demonstration project at its Sutter Energy Center.

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Deep Sky, the Canadian carbon removal project developer, has selected a site in Innisfail, Alberta to build the world’s first carbon removal innovation and commercialization centre, Deep Sky Labs. Strategically located an hour north of Calgary, Innisfail is an emerging clean energy hub.

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Last year, Heirloom and partners were notified of selection by the Department of Energy to negotiate for funding for two earlier stage DAC Hubs in Illinois and Florida. Heirloom shared that the projects have been awarded a combined total of $5.7 million in federal funding from the U.S. Department of Energy (DOE).

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Carbon America’s novel cryogenic carbon capture technology, FrostCC™, has successfully completed 1,000 hours of testing at the National Carbon Capture Center, a neutral research facility for third-party carbon capture developers, located in Wilsonville, Alabama.

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Deep Sky has made significant progress on its carbon removal projects in Québec. The work includes pre-feasibility studies in Bécancour and Thetford Mines to assess the geologic potential for carbon storage. Thoughtful community engagement work is underway in each location, ensuring transparent communication with local residents and stakeholders.

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New program enables companies to advance the carbon removals sector, scaling cutting edge carbon dioxide removal (CDR) solutions to meet global climate targets.

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Enhancing Indonesia’s CCUS and CCS capabilities, BP Berau Ltd (bp) – as the operator of TangguhProduction Sharing Contract -- and Bandung Institute of Technology signed a Cooperation Agreement to advance research and development of carbon capture, utilization and storage.

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Applied Carbon, a technology company designing automated biochar production machines that convert in-field agricultural crop waste into biochar, announced it has raised a $21.5 million Series A. The funding will be used to deploy a fleet of biochar machines across Texas, Oklahoma, Arkansas, and Louisiana, delivering high durability carbon removal and agricultural services.

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Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding B.V., and its lower carbon ammonia project in Beaumont, Texas (Project) for an all-cash consideration of approximately $2,350 million. The Project is under construction and targets production of first ammonia from 2025 and lower carbon ammonia from 2026.

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The SLB and Aker Carbon Capture joint venture announced a contract award by its partner CO280 Solutions for front end engineering and design (FEED) of a large-scale carbon capture plant at a pulp and paper mill on the U.S. Gulf Coast. The project, which aims to remove 800,000 tons of carbon emissions annually, will also deliver permanent, verifiable and affordable carbon dioxide removals.

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Sora Fuel, a startup producing sustainable aviation fuel using only water, air and renewable energy, announced it has raised an oversubscribed $6 million seed round. The funding will be used to expand Sora Fuel’s Boston-based team, develop commercialization partnerships and further advance the company’s novel technology.

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Lawrence Livermore National Laboratory (LLNL) and collaborators have developed a catalyst coating platform that used physical vapor deposition, which offers precise control over thickness, composition, morphology and porosity.

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