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ADNOC Secures Equity Position and LNG Offtake Agreement in Rio Grande LNG Project

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By ADNOC

May 22, 2024

Capture Storage 

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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TotalEnergies and China Petroleum and Chemical Corporation (“SINOPEC”) signed a strategic cooperation agreement to deepen their collaboration, notably in low-carbon energies. In particular, the two companies plan to combine their R&D expertise in biofuels, green hydrogen, CCUS and decarbonization.

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Veolia has partnered with UK biotechnology startup, FabricNano, to apply enzymes to rocks to trial faster, permanent carbon dioxide removal directly from the atmosphere. With this world-first trial pairing biology with geology to accelerate rock weathering for carbon sequestration, Veolia aims to reduce the energy consumption, emissions and timescales for carbon removal by utilizing enzymes to accelerate the natural weathering process.

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Stockholm Exergi announced that it has signed a contract with Microsoft covering 3.33 million tons of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The agreement represents the world's largest permanent removals deal to date.

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Dyckerhoff is planning to invest around EUR 350 million in the construction of a carbon capture installation at its Deuna plant in Thuringia. Once the investment is completed, the Dyckerhoff plant in Deuna will be one of the first plants in Germany to produce and sell Net-Zero cement.

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Senator John Hoeven announced a $5.1 million award to advance carbon capture, utilization and storage (CCUS) monitoring at the Great Plains Synfuels Plant. The monitoring and sequestration project, which is being led by the Energy & Environmental Research Center (EERC), is key to the development of commercially-viable CCUS.

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Georgia Tech and Meta have collaborated to produce a massive, open-source database to enable the team to train an AI model that is orders of magnitude faster than existing chemistry simulations. The project, named OpenDAC, could accelerate climate solutions the planet desperately needs.

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Topsoe, a global leader in carbon emission reduction technologies, has signed a contract with CF Industries, the world’s largest producer of ammonia, for the licensing and engineering supporting a front-end engineering and design (FEED) study of a new low-carbon ammonia plant in Louisiana.

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Cool Planet Technologies announced that it has signed a memorandum of understanding (MOU) with Carmeuse Technologies, a leading global manufacturer of lime, limestone, and mineral-based products, to collaborate on decarbonization technology developments, using Cool Planet’s advanced membrane-based carbon capture technology.

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Wyoming Hydrogen and Carbon Capture Project Utilizes Cutting-Edge Technology to Generate Clean Energy and Preserve Jobs

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Q&A with Brooks Wallace, VP, Communications & Marketing at Deep Sky Questions by Danielle Piekarski & Photos by Deep Sky

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Leveraging Subsurface Oil and Gas Field Data for Carbon Capture and Storage

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Unlocking large-scale carbon removals through BECCS.

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Transitioning to net-zero emissions presents formidable challenges, particularly in the context of existing energy infrastructure.

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Carbon Clean has achieved a fabrication milestone on Ørsted’s FlagshipONE project, Europe’s largest commercial-scale eMethanol facility under construction. The first equipment has been mounted on the structural steel of the first module, marking the start of the module assembly process. Once operational, Carbon Clean’s technology will be capable of capturing 70,000 tonnes of biogenic CO2 per year for Ørsted’s facility in Örnsköldsvik, Sweden.

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RepAir has established a storage partnership with Cella, aimed at creating dedicated value chains for extracting CO2 from the atmosphere and permanently storing it underground through in-situ mineralization. This storage agreement will streamline the sale of high-quality carbon credits to off-takers, enabling corporations to meet evolving ESG standards, manage offsets, and advance towards net zero goals.

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OMV Petrom will test a new carbon capture and utilization technology at the Petrobrazi refinery, starting June. The tests are part of a demonstration campaign carried out in three countries - Denmark, Romania and Greece, within an innovation project financed with European funds - ConsenCUS.

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Carbon Upcycling Technologies, Inc. announced the first delivery in 2024 of 200 tonnes of CO₂-enhanced fly ash to BURNCO Rock Products, Ltd, a leading supplier of construction materials, as part of a groundbreaking initiative to deploy low-carbon concrete in the City of Calgary.

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