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SBM Offshore and MHI partner for FPSO CO2 capture solution

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By Mitsubishi Heavy Industries

November 16, 2023

Project Development Capture Storage 

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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GreenFire Energy Inc. is a member of the California DAC Hub consortium and will provide its GreenFire’s GreenLoop™ technology.

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Heidelberg Materials announced that Mitsubishi Heavy Industries, Ltd. (MHI) has delivered and installed a compact CO2 pilot capture system “CO2MPACTTM” at its cement plant in Edmonton, Alberta, Canada.

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Wintershall Dea has been awarded a new licence by the North Sea Transition Authority to store CO2 under the seabed. The Camelot licence’s annual storage potential is up to 6 million tonnes.

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On completion of the North Sea Transition Authority’s first competitive Carbon Storage license round, Perenco UK and partner Carbon Catalyst Ltd announced that they have been awarded a license to progress the Poseidon CCS project.

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As part of President Biden’s Investing in America agenda, the U.S. Department of Energy announced up to $1.2 billion to advance the development of two commercial-scale direct air capture facilities in Texas and Louisiana.

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Southeast DAC Hub Team wins DOE funding, with Calcite to design a facility to capture 50,000 tons per year of CO2 from air in Mobile County, Alabama.

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Battelle and leading clean technology developers Climeworks and Heirloom have received Notification of Selection from the U.S. Department of Energy for a proposal for the Bipartisan Infrastructure Law’s Regional Direct Air Capture Hubs program.

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The Shepherd CCS Project set forth by SK Energy, SK Earthon, Samsung Engineering, Samsung Heavy Industries, Lotte Chemical, Petronas, and now joined by Korea National Oil Corporation, Hanwha Corporation, Air Liquide Korea, and Shell Gas & Power.

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Stanlow Terminals has signed a Memorandum of Understanding with Eni UK to explore the development of CO2 collection, shipping, and storage at the Stanlow Terminal location and then delivering the received CO2 into Eni UK’s developing infrastructure.

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Carbon TerraVault Holdings announced that the California Direct Air Capture Hub has been selected to receive $11.8M in funding from the U.S. DOE under its Regional DAC Hubs Initiative.

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The new facility is purposed to develop fuel production and combustion technologies, aiming for increased use of hydrogen, biomass and ammonia.

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