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Summit Carbon Solutions announces new Chief Financial Officer

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By Summit Carbon Solutions

January 17, 2024

Capture Transport 

Summit Carbon Solutions, the developer of a large-scale carbon capture, transport, and sequestration project, announced the appointment of Lisa Cummins Cohen as the company’s new Chief Financial Officer.

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The Secretary of State for Energy Security and Net Zero has approved the Development Consent Order for Drax Power Limited’s plans to convert two of its biomass units at Drax Power Station to the carbon removals technology bioenergy with carbon capture and storage (BECCS).

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McDermott has been awarded an offshore contract from Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the Kasawari Carbon Capture and Storage project, located offshore Sarawak in East Malaysia.

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Block Energy, the development and production company focused on Georgia, announced a study identifying a Carbon Capture and Storage opportunity within the Company's Block XIB with the potential to support a major net-zero CO2 industrial hub.

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1PointFive and Trafigura announced that Trafigura has agreed to purchase carbon dioxide removal (CDR) credits to be produced from 1PointFive’s first industrial-scale Direct Air Capture (DAC) facility, STRATOS, which is currently under construction in Texas.

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Capture6 announced the signing of a Memorandum of Understanding with K-water and BKT to develop a pilot facility in South Korea. The partners agreed to use K-water’s desalination facility and technologies of Capture6 and BKT to capture CO₂, recover freshwater, minimize brine discharge, and extract green chemicals.

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Capsol Technologies has been awarded a feasibility study for the CapsolEoP® (end-of-pipe) carbon capture technology at SCHWENK’s Building Material Group’s Brocēni cement plant in Latvia.

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Chevron Singapore Pte Ltd, Keppel, Pan-United Corporation, Surbana Jurong, Air Liquide Singapore, Osaka Gas Singapore, and Pavilion Energy have signed a Memorandum of Understanding to collaborate on lower carbon opportunities to support Singapore’s aspiration of achieving net-zero emissions by 2050.

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Deep Sky and Skyrenu have partnered to deploy carbon removal technology in Canada. As part of its partnership with Deep Sky, Skyrenu will deliver and install a DAC unit with the capacity to remove 50 tonnes of carbon dioxide per year.

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8 Rivers Capital, LLC announced it is developing the Cormorant Clean Energy Project, an ultra-low-carbon ammonia production facility in Port Arthur, Texas. The Cormorant project will be powered by 8 Rivers’ proprietary 8RH2 hydrogen process, representing the first commercial deployment of the technology.

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Essar Oil UK announced the selection of the final key licensor technology provider, Elessent Clean Technologies’ BELCO® gas cleaning technology for the planned EET Industrial Carbon Capture facility based at Stanlow, UK.

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Parallel Carbon announced that they closed a $3.6 million Seed funding round amidst COP28. The financing backs Parallel Carbon’s groundbreaking process of utilizing renewable energy for clean hydrogen production while pulling carbon dioxide from the atmosphere.

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ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects. 

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TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Petrobras to deliver the Mero 3 HISEP® project, which uses subsea processing to capture carbon dioxide-rich dense gases and then inject them into the reservoir.

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PTTEP will utilize its knowledge and experience to conduct a study on carbon storage potential in the Northern Gulf of Thailand together with INPEX CORPORATION under an international collaboration between the Thai Department of Mineral Fuels (DMF) and Japan Organization for Metals and Energy Security.

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Petrofac has begun a multi-million-dollar front-end-engineering design (FEED) for the Netherlands’ flagship carbon transport and storage (CCS) system, Aramis. The development marks a significant step towards achieving the European Union’s decarbonisation targets announced in the European Green Deal and the Dutch Climate Agreement.

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Gov. John Bel Edwards and Louisiana Department of Natural Resources Commissioner of Conservation Monique M. Edwards announced the U.S. Environmental Protection Agency (EPA) has formally granted Louisiana state primacy in the permitting and regulation of wells and projects involving the underground sequestration of carbon dioxide (CO2).

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C-Capture announced the start of Europe’s first carbon capture trial on a mainstream flat glass manufacturing plant. The project aims to demonstrate that a low-cost carbon capture solution is a reality for difficult-to-decarbonise industries in the race to net zero.

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Essar Oil UK has selected Topsoe to provide its sustainable flue-gas treatment technology, SNOXTM, for Essar’s planned £360 million Essar Energy Transition Industrial Carbon Capture facility.

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Overseas Shipholding Group, Inc. (OSG) announced that it has been awarded a $400,000 grant from the United States Department of Energy to study the development of its proposed Tampa Regional Intermodal Carbon Hub.

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Government sets out plans for a new competitive UK carbon capture, usage and storage market by 2035 - delivering new jobs and supporting net zero.

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California Resources Corporation and its carbon management business, Carbon TerraVault, announced that the U.S. EPA released draft Class VI well permits for underground CO2 injection and storage in CTV’s 26-R reservoir located within the CTV I CCS vault at the Elk Hills Field in Kern County, California.

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Canada Growth Fund Inc. (“CGF”) and Advantage Energy announced that CGF has entered into a strategic investment agreement with Entropy Inc., a Calgary-based developer of technologically-advanced carbon capture and sequestration (“CCS”) projects with the potential to significantly reduce emissions in Canada and worldwide.

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Teck Resources Limited announced the Carbon Capture Pilot Plant at its Trail Operations in southern British Columbia is now operating and successfully capturing carbon dioxide.

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PTT Global Chemical Public Company Limited (GC) signed a Memorandum of Understanding with Mitsubishi Heavy Industries (MHI) to jointly study the technologies required to develop a large-scale petrochemical complex that aims to support Thailand’s Carbon Neutrality by 2050.

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DOE invests $45M to reduce carbon pollution

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By U.S. Department of Energy

December 20, 2023

The U.S. DOE Office of Fossil Energy and Carbon Management announced $45.6 million in federal funding for nine projects that will advance CO2 capture technologies and help establish the foundation for a successful carbon transport and storage industry in the United States.

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Woodside Energy has signed a non-binding Memorandum of Understanding with four Japanese companies (Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement Co. Ltd and Kawasaki Kisen Kaisha) to enable studies of a potential carbon capture and storage (CCS) value chain between Japan and Australia.

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Carbonfuture announced that it has delivered a cumulative total of 60,000 tonnes of CDR to date, making it the world’s leading provider of durable carbon dioxide removal (CDR).

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The U.S. DOE Office of Fossil Energy and Carbon Management announced seven semifinalists for the development phase of the Direct Air Capture Pre-Commercial Prize to receive a total of $1.05 million in cash awards and technical assistance for technology solutions that reduce CO2 pollution by removing it directly from the atmosphere.

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Summit Carbon Solutions announced that it has acquired 80% of the Right-of-Way (ROW) needed for its proposed carbon capture, transport, and storage project across North Dakota.

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