carbon capture and storage
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The US Department of Energy has announced up to $20 million in federal funding for cooperative agreements that will help accelerate the deployment of carbon capture, utilization, and storage. -
The investments highlight the first significant collaboration between the air-capture field and energy industry leaders.
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IPIECA, the oil and gas industry association for environmental and social issues, has released a new fact sheet in an effort to promote carbon capture and storage.
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Canada-based Carbon Engineering says it has received investment from a subsidiary of Occidental Petroleum and the venture capital arm of Chevron for its technology that removes carbon dioxide directly from the air.
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The Acorn Project will capture about 200,000 tonnes of carbon dioxide from the St. Fergus Gas Terminal and transport it for storage to one of three depleted gas fields using existing pipelines.
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Some of these technologies can be deployed now, but additional ones are needed to meet climate goals.
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A new analysis looks at what it would take for oil companies to start pumping millions of tons of carbon dioxide into their wells to boost crude production and what it would mean for the climate.
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Even with the wealth of experience already in place within the oil and gas industry, the obstacles to advancing CCS to the forefront of greenhouse gas mitigation technologies remain significant.
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A pilot project demonstrates that facilities design plays an important role in providing sources of CO2 for the gas-handling process for injection into a carbonate formation as a tertiary recovery mechanism.
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Collaboration is critical to achieving recognition of the scope and value of carbon capture and storage and achieving acceptance for specific projects.
