INEOS Energy and Royal Wagenborg launched and named the first European built offshore CO2 carrier to enable carbon capture storage across Europe. The launch and naming of Carbon Destroyer 1 marks a defining moment in the development of Project Greensand and the EU’s first commercial -scale carbon capture and storage (CCS) value chain.
Svante Technologies Inc. and SAMSUNG E&A announced that they have signed a joint development agreement to jointly develop a set of standardized skid-mounted modular carbon capture plants based on Svante’s novel VeloxoTherm solid sorbent-based carbon capture filter technology, leveraging Samsung’s advanced digital solutions and modularization capabilities.
Svante Technologies Inc. has officially completed the commissioning of its new Centre of Excellence for Carbon Capture and Removal – Redwood manufacturing Facility in Burnaby, British Columbia. This milestone marks the launch of the world’s first gigafactory dedicated to producing commercial-scale carbon capture and removal filters designed to trap CO2 directly from industrial emissions and the atmosphere.
BKV Corporation announced the formation of a strategic joint venture between BKV dCarbon Ventures, LLC, BKV’s wholly-owned subsidiary, and Copenhagen Infrastructure Partners, on behalf of its Energy Transition Fund I, to expand BKV’s portfolio of carbon capture, utilization and sequestration projects.
LG Chem announced that it will carry out a demonstration project for CCU (Carbon Capture and Utilization) technology, jointly involving the chemical and steel industries, as part of the Ministry of Science and ICT’s national CCU Mega Project.
Berge Bulk has completed the installation of a carbon capture system on board its 63,000 DWT Ultramax vessel, Berge Yotei, marking a key step in its decarbonization journey under the company’s signature Maritime Marshall Plan for decarbonization.
BKV Corporation and Comstock Resources, Inc. announced an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration projects at two of Comstock’s natural gas processing facilities in its Western Haynesville operating area.
A deal has been signed to boost emission reduction projects at Calcinor's lime plants, which could cut emissions by around 900,000 tons of CO2 per year, plus the development of a logistics chain for capturing, transporting, liquefying, storing, and loading the CO2 onto vessels for subsequent use or permanent storage.
As the CCUS industry faces ongoing uncertainty, with economic challenges and evolving regulatory landscapes, one thing remains clear: The drive for scalable decarbonization is unwavering.
In the face of economic uncertainty, diversifying carbon capture technology will help keep Canada’s industry competitive globally. Expanding the range of carbon capture, utilization and storage options available to companies will increase adoption and reduce the cost of this essential technology.
Halliburton tests acoustic-based injectivity monitoring at the perforation scale to characterize supercritical fluid injection into permeable rock formations at reservoir conditions
Three Key Insights from the 2024 Voluntary Carbon Market
ClimeFi announced it has initiated rating coverage on Canadian company Deep Sky – the world’s first technology-agnostic project developer for DAC. Deep Sky Alpha is the first of Deep Sky’s projects to be fully covered by ClimeFi, while rating coverage for Deep Sky One is also underway.
HYCO1, Inc. and Malaysia LNG Sdn. Bhd. signed a Memorandum of Understanding to collaborate on the potential utilization and conversion of CO2 into chemical and fuel products, setting new standards for sustainability and innovation. The project will be located in Bintulu, Sarawak, Malaysia, the home of Malaysia LNG Sdn. Bhd., which is the CO2 supplier for the project.
Eni announced that it has reached financial close with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial Cluster.
XPRIZE announced the winners of its $100 million XPRIZE Carbon Removal competition, the largest global incentive competition award in history. The four-year competition was designed to combat climate change by challenging teams around the world to develop high-quality carbon dioxide removal solutions.
Climeworks and Mitsui O.S.K. Lines (MOL) signed an agreement to remove 13,400 tons of CO₂ from the air by 2030. MOL is Climeworks’ first partner from the shipping industry, underscoring the Japanese company’s leadership in advancing technologies that durably remove CO₂ from the air.
RepAir Carbon US Inc., developer of a uniquely energy-efficient Direct Air Capture (DAC) 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 (DACS) project in France.
U.S. Energy Corporation announced the closing of a strategic acquisition from a privately held company for $0.2 million, strengthening its industrial gas and carbon capture platform in Montana. As part of the Acquisition, U.S. Energy acquired approximately 2,300 net acres with carbon dioxide rights that are highly contiguous to its existing position across Montana’s Kevin Dome structure.
AtmosClear BR, LLC, a portfolio company of Fidelis, announced that it has signed a contract with Microsoft for 6.75 million metric tons of engineered carbon removal over 15 years from bioenergy carbon capture & storage ("BECCS"). The deal is the world's largest for permanent carbon removal to date.
Mitsubishi Heavy Industries, Ltd. (MHI) announced the signature of a study with Single Buoy Moorings Inc., the subsidiary of SBM Offshore, for the application of CO2 capture modules on future Floating Production Storage and Offloading vessels (FPSOs) for Petrobras. This study will be conducted toward typical implementation of CO2 capture solutions for FPSOs.
The Viking CCS Pipeline application has been granted development consent by the Secretary of State for Energy Security and Net Zero. The project comprises a new 55 km onshore underground pipeline from the point of receipt of dense phase CO2 at Immingham.
Cory and Imperial College London (Imperial) have announced a new partnership to drive innovation in carbon capture and storage (CCS) technology. The collaboration will leverage the expertise of Cory, a leader in waste management and recycling, and Imperial, a world-leading university which is home to the UK’s largest CCS research program, led by the Department of Chemical Engineering.
Occidental and its subsidiary 1PointFive announced that the U.S Environmental Protection Agency approved its Class VI permits to sequester carbon dioxide (CO2) captured from STRATOS when the world’s largest Direct Air Capture (DAC) facility begins operating in Ector County, Texas.
BASF and Forestal de Atlántico S.A. have signed an early disclosure agreement aimed at advancing the production of e-methanol through carbon capture solutions. Under this strategic partnership, BASF has been selected to share its proprietary OASE® blue technology, designed for the efficient removal of CO2 from flue gases, for use in Forestal’s pioneering Triskelion project in Galicia, Spain.
Vaisala’s MGP241 and CO₂ instruments revolutionize carbon capture with unmatched accuracy, efficiency, and cost savings across systems.
Leading Danish district heating companies Sønderborg Varme and Thisted Varmeforsyning have signed a collaboration agreement with Carbon Clean to engage and collaborate in applying for a subsidy from the Danish Energy Agency’s CCS Fund. The partnership will allow Carbon Clean to explore opportunities to deploy its carbon capture technology in Denmark.
Stockholm Exergi announced its decision to build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. The investment amounts to SEK 13 billion. Construction will begin immediately, with the goal of having the facility operational in 2028.
The expansion of Northern Lights will increase the transport and storage capacity from 1.5 million to a minimum of 5 million tons of CO2 per year, enabling further reduction and removal of European industrial CO2 emissions.
The CCS fund for carbon capture and storage is DKK 28.7 billion, and a maximum of 10 companies can participate. To apply for funding, applicants must first be prequalified. 16 companies have applied, and the Danish Energy Agency will now assess the applications in order to select 10 companies.
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