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Preparatory work under way to enable Net Zero Teesside Power

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By Net Zero Teesside Power

November 16, 2023

Project DevelopmentCaptureStorage

The preparatory work by Teesworks is now underway following a ground-breaking event and a recent signing of an option-for-lease agreement between Net Zero Teesside Power partners bp and Equinor, and Teesworks.

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Canada Nickel Company Inc. announced that it has successfully completed its carbon storage pilot plant, demonstrating the value of its novel carbon storage process, In-Process Tailings (“IPT”) Carbonation.

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Milestone Carbon announced the development of a CO2 sequestration hub in the southwestern Midland Basin. The site has the potential to support multiple wells that will enable the permanent geological storage of carbon dioxide.

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Honeywell announced a collaboration with SK E&S to deploy Honeywell carbon capture technology to help enable SK to accelerate the energy transition in Korea and other parts of Southeast Asia.

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Deep Sky and Mission Zero Technologies are partnering to deploy DAC facilities in Canada. The partners will begin with a first-of-a-kind demonstration of the technology capturing 250 tons of CO₂ annually.

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PETRONAS CCS Ventures has signed a Term Sheet with Mitsui O.S.K Lines and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and monetising Liquefied Carbon Dioxide carriers for CCS projects in Malaysia.

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Assurant, Inc. introduced Carbon IQ™, the first solution that provides detailed measurement and insights on the carbon impact of individual connected devices, including refurbished devices, throughout the device lifecycle.

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NETL and United States Steel Corporation plan to test an advanced membrane technology to capture carbon dioxide emissions generated by steelmaking operations at the Company’s Edgar Thomson Plant, located in Braddock, Pennsylvania.

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Northern Gritstone has invested in C-Capture as part of a funding round of up to £10 million alongside existing investors bp Ventures, Drax and Kiko Ventures, with the potential for additional investors to follow.

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The U.S. DOE's Office of Fossil Energy and Carbon Management announced it is making up to $27 million available to support the transport of CO2 captured from emitters to locations for permanent geologic storage or conversion to useful products.

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Eni UK announced that it has been awarded a Carbon Dioxide Appraisal and Storage Licence by the North Sea Transition Authority for the depleted Hewett gas field located 20 km offshore from Bacton, in the Southern North Sea sector of UK.

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SBM Offshore and Mitsubishi Heavy Industries Ltd. have announced the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels as they are producing oil and gas offshore.

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Summit Carbon Solutions has announced that the North Dakota Public Service Commission has granted its Petition for Reconsideration for Summit’s CO2 pipeline permit application.

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The U.S. DOE's Office of Fossil Energy and Carbon Management announced up to $17.2 million to evaluate the potential for unconventional oil production through a combined process that uses captured CO2 emissions for enhanced oil recovery.

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CarbonCapture Inc.announced that it has received an equity investment from Amazon’s Climate Pledge Fund. In addition, CarbonCapture and Amazon.

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GE Vernova, CARBONCO, bp, PLN Nusantara and Jawa 1 signed an MOU to jointly carry out a feasibility study to develop a CCUS value chain and joint solutions to decarbonize gas power plants in Indonesia, powered by GE Vernova power technology.

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Summit Carbon Solutions plans to refile the pipeline permit application which was denied by the South Dakota Public Utilities Commission.

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Microsoft has signed a long term contract to purchase up to 315,000 metric tons of CO2 removal over a multi-year period from Heirloom in one of the largest carbon dioxide removal deals to-date.

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ADNOC has announced a final investment decision to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region.

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The Texas General Land Office awarded a Repsol-led partnership a contract for over 140,000 gross acres of pore space owned by of the Permanent School Fund for CO2 storage located offshore of Corpus Christi, Texas.

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HIF Global announced at the IAA Summit in Munich, Germany the development and installation of a Direct Air Capture unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024.

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Value Group has announced that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy.

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Whitecap Resources Inc. announced a 26% increase to their monthly dividend as they expect to reach $1.3 billion net debt1 milestone and have signed a CO2 supply contract extension for volumes delivered to the Weyburn Project.

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The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management announced 13 semifinalists to receive a total of $1.3 million for commercialization programs that support technologies to reduce CO2 pollution via direct air capture,

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Equinor has acquired a 25 percent interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas.

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FuelCell Energy, Inc. and ExxonMobil Technology and Engineering Company have agreed to extend their joint development agreement through March 31, 2024. The extension enables further development related to point source carbon capture applications

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TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration license ExL004 (the “Luna” project).

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Summit Carbon Solutions has announced the submission of a Petition for Reconsideration for their pipeline permit application to the North Dakota Public Service Commission, showcasing its continued commitment to the community and addressing concerns.

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Neptune Energy welcomed the award of a CO2 storage licence in the Norwegian North Sea, in partnership with Sval Energi and Storegga.

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The U.S. Department of Energy has awarded an LSU-led consortium a $4.9 million project to support the first phase of the Pelican Gulf Coast Carbon Removal project.

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