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Neptune Energy and partners awarded CO2 storage license

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By Neptune Energy

November 15, 2023

Project Development Capture Storage 

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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Deep Sky has joined forces with Svante Technologies Inc. to evaluate the feasibility of sequestering CO2 in Southern Quebec. Together, the companies will fund research to study the ability to capture, transport, and store CO2.

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International technology group ANDRITZ has supplied its first carbon capture plant to the steel industry. The pilot plant started operating at voestalpine’s steel mill in Linz, Austria, in the second quarter of this year.

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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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The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management announced ts intent to launch a “Responsible Carbon Management Initiative.”

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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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Santos and its Bayu-Undan joint venture partners have signed a Memorandum of Understanding with Timor-Leste’s national oil company TIMOR GAP to explore partnership opportunities for the proposed Bayu-Undan CCS project offshore Timor-Leste.

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enfinium has signed a Memorandum of Understanding with Eni UK to support the development of carbon capture and storage at its Parc Adfer facility in North Wales.

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Minnkota received approval of a $150 million loan to help advance its Project Tundra carbon capture initiative at the Milton R. Young Station.

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Occidental and ADNOC announced that they will evaluate investment opportunities in Direct Air Capture facilities and CO2 sequestration hubs in the United States and the United Arab Emirates.

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The Global CCS Institute welcomes the UK government’s decision to fund two additional CCUS cluster projects. The UK government has selected Acorn CCS and Viking CCS under the Track-2 cluster sequencing process.

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Babcock & Wilcox announced that it has been awarded a contract by NorthStar Clean Energy to conduct a Bioenergy with Carbon Capture and Storage engineering study to convert a coal-fired power plant in Michigan to use biomass fuel.

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Mubadala Energy and Pertamina have entered into an agreement to discuss, explore and potentially engage in energy transition initiatives, primarily focused on carbon capture, utilization and storage applications in Indonesia.

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Octavia Carbon has agreed with Cella Mineral Storage to build a pilot DAC facility at Cella's storage plant. Operations for ‘Project Hummingbird’ are due to begin in October 2024, with plans to sell carbon credits certified by Puro.earth.

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Aemetis Carbon Capture subsidiary achieves full permitting to drill a CO2 sequestration characterization well on the 24-acre Riverbank site acquired in 2022; Site preparation and access road for drilling equipment already completed.

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Buckeye Partners announced that it has acquired Elysian Carbon Management from EnCap Flatrock Midstream.

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Exxon Mobil Corporation announced it has entered into a definitive agreement to acquire Denbury Inc. The acquisition is an allstock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023.

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Aker Carbon Capture and Aramco have signed a Memorandum of Understanding (MoU) to explore partnership opportunities to deploy carbon capture, utilization and storage and industrial modularization in Saudi Arabia.

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Fluor Corporation announced its MOU with Carbfix to pursue integrated CCS solutions. Together, the companies look to minimize the impacts of climate change by helping to decarbonize hard-to-abate industries with high greenhouse gas emissions.

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Selected Projects will Help Local Communities Accelerate Deployment of Carbon Management Technology to Capture and Permanently Store Carbon Dioxide Emissions from Industrial and Power Facilities

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The International CCS Knowledge Centre sent an open letter to government leaders in the United Kingdom, United States and Canada on behalf of many of the world’s leading environmental scientists, academics and experts on CCS as a tool.

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Strategic partnership aims to develop low-carbon energy solutions that facilitate the transition to net-zero emissions; including solutions such as Carbon Capture, Utilization and Storage (CCUS), green-fuels innovation and clean energy supply.

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Nuada has been awarded a £666,525.00 grant from the Department for Energy Security and Net Zero CCUS Innovation 2.0 programme to advance carbon capture in the Waste-to-Energy (WtE) industry.

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