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Canada Growth Fund, Gibson Energy and Varme Energy Partner to Advance Canadian Waste-to-Energy Project

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By Canada Growth Fund

June 21, 2024

CaptureStorage

Canada Growth Fund Inc., Gibson Energy Inc., and Varme Energy Inc. announced a strategic partnership to accelerate the development of Canada's first waste-to-energy facility with carbon capture technology. If successful, the Project will be located on Gibson land in the Heartland-area and will have the capability to process 200,000 tons per annum of municipal solid waste, diverting residential garbage from landfill.

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Carbon Clean has signed a Memorandum of Understanding (MOU) with AGRA Industries, an established leader in the design, fabrication and complete construction of turnkey facilities. Under the strategic partnership, AGRA Industries and Carbon Clean will collaborate to provide Carbon Clean’s semi-modular CaptureX technology to companies in agriculture-related sectors, including the production of biofuel ethanol and sustainable aviation fuels.

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Technip Energies, in consortium with Turner Industries, has been awarded the Engineering, Procurement, and Construction contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC. Technip Energies will oversee the engineering and procurement while Turner Industries will be responsible for the construction.

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Researchers have developed a low-cost, energy-efficient method for making materials that can capture carbon dioxide directly from the air.

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Lafarge Canada Inc. and Canadian carbon technology innovator Hyperion Global Energy Corp. announced the launch of Hyperion’s patented Tandem Carbon Recycling System© pilot.

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Wood has completed the front-end engineering and design scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.

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CSSC Power Group Corporation Limited (CPGC) will install its advanced Onboard Carbon Capture System (OCCS) on multiple liquefied natural gas carriers and utilize BASF’s OASE® blue technology.

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At its annual Carbon Removal Summit in Zurich, Climeworks showcases the success of its Generation 3 direct air capture (DAC) technology: doubling CO₂ capture capacity per module, halving energy consumption, increasing material lifetime, and cutting costs by 50 percent. 

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Deep Sky, the Canadian carbon removal project developer, and Sustaera, a US-based modular Direct Air Capture company, have signed a Memorandum of Understanding (MOU) to explore carbon removal technology in Canada.

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NETL’s one-of-a-kind Direct Air Capture Center has commenced material-scale operations and is eager to expand partnerships with innovators that are interested in commercializing DAC technology, helping to meet the Administration’s goals of addressing legacy CO2 emissions and achieving a net-zero emissions future by 2050.

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Twenty-four semifinalists selected for DOE historic carbon dioxide removal purchase prize will create a just and sustainable framework for scalable carbon management and help develop a carbon dioxide purchasing market to encourage technology innovation.

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Synergia Energy Limited announced the commencement of a farm out process concerning its Medway Hub Camelot CCS project in the UK. Synergia and its partner, Wintershall Dea, each hold a 50% interest in the CS019 Camelot carbon storage license, with Synergia as designated operator.

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Capsol Technologies ASA, a leading provider of carbon capture solutions has announced its plans to list the company on the main board of Norway’s stock exchange, Euronext’s Oslo Børs. The company expects the first day of trading to be on the 19th of June.

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Global Thermostat, a pioneer in carbon dioxide removal, has been acquired by Direct Air Capture company Zero Carbon Systems. The combination brings together core technology at Global Thermostat with Zero Carbon Systems’ highly advanced engineering design.

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The companies will explore deployment of heat batteries in Aramco's global facilities to reduce operating costs and support emissions reduction objectives.

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Modern Hydrogen's innovative methane pyrolysis technology, online at NW Natural’s Central Portland facility, produces clean hydrogen and captures solid carbon.

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ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd., BHP, along with Mitsubishi Development Pty Ltd have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium. The pilot unit will operate for one to two years to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a sizeable portion of the Gent site emissions, if successful. 

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ADNOC announced the acquisition of a 11.7% stake in Phase 1 of NextDecade Corporation’s Rio Grande LNG, a leading liquefied natural gas (LNG) export project located in Texas, United States, which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a 20-year LNG offtake agreement from RGLNG Train 4.

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Spiritus, the climate tech company pioneering cost-effective solutions for scalable direct air capture of carbon removal, entered into a memorandum of understanding with Aramco, one of the world’s leading global energy and chemicals companies, and has additionally announced that it received an equity investment in the company in November 2023, from Aramco Ventures.

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At the Annual General Meeting on May 15, 2024, shareholders approved the resolution to change the company’s corporate name from CGG to Viridien.

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A group of three University of Texas Permian Basin (UTPB) College of Engineering seniors each designed different devices that work to solve the same problem; capturing carbon dioxide from the exhaust from cars. In theory, their designs would provide another solution to CO2 emissions other than electric vehicles.

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Funding from President Biden’s Investing in America Agenda will help connect sources of carbon dioxide to locations for geologic storage or conversion through multiple transport modes.

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Worley has been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend CCS LLC is a joint venture owned by Chevron, Equinor, and TotalEnergies to develop a carbon capture and storage facility in Southeast Texas.

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Anew Climate, LLC announced a marketing agreement with Summit Carbon Solutions. Under the terms of the agreement, Anew will market carbon dioxide (CO2) removal credits generated from Summit Carbon’s novel Biomass with Carbon Removal and Storage project, which is expected to capture and sequester more than 160 million tons of biogenic carbon dioxide emissions from 50+ biorefineries across the Midwestern United States over the next decade.

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Climeworks starts operations of its to-date largest direct air capture and storage (DAC+S) plant, Mammoth, in Iceland. It is the second commercial DAC+S facility of Climeworks and is about ten times bigger than its predecessor plant, Orca.

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Northwestern University will lead the newest Midwestern hub, uniting prominent partners from research and industry. The Department of Energy (DOE) is supporting early-stage project development of these Regional Direct Air Capture Hubs. The Northwestern-led hub will test the feasibility of using nuclear energy as a more energy-efficient way to capture carbon dioxide.

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C-Capture, developers of next generation technology for carbon dioxide removal, has launched a new carbon capture trial in the cement manufacturing sector in partnership with Heidelberg Materials. The trial, which utilizes C-Capture’s innovative solution for industrial decarbonization, is taking place at Heidelberg Material’s cement manufacturing plant in Ketton.

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enfinium, one of the UK’s largest energy from waste operators, has published a detailed plan to both decarbonize its own operations and deliver carbon removals at scale to help the UK achieve its net zero targets.

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XPRIZE has announced the 20 finalist teams selected to compete in the last stage of XPRIZE Carbon Removal. Now in the final stages of testing, XPRIZE Carbon Removal has challenged the final 20 teams to remove 1,000 net tons of CO2 during the final year of the competition.

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CGG has signed a Memorandum of Understanding with Baker Hughes to facilitate the parties exploring jointly offered carbon capture & storage (CCS) solutions. The collaboration and proposed commercial alliance intends to support the rapid increase of CCS projects that is underway by providing high-quality and fully integrated end-to-end solutions to screen, select, characterize and monitor potential carbon storage sites worldwide.

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