Carbon capture and storage
The initial phase of the carbon capture and storage project has a capacity of 1.5 million tonnes per year, with a second phase—due online in 2028—expected to bring the storage capacity to 5 million tonnes per year.
BlackRock’s Global Infrastructure Partners moves to buy nearly half of the stake in Eni's CCUS subsidiary.
From 26 to 27 August, industry executives, policymakers, financiers, researchers, and technologists will gather in Malaysia to explore the full potential of CCUS.
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Also: A report says Bitcoin mining could ease emissions. Haliburton is accelerating its clean-energy efforts, while insurer Chubb cracks down on methane. ExxonMobil and Linde team up in Texas. Shell plans to limit CO2 emissions in Dutch plants, and Drax presses pause on bioenergy in the UK. -
Deployment of Mosaic DAC pilot units are envisaged for a pair of HIF eFuel facilities.
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The first direct air capture facility will debut a few months late, but that’s not a big concern for its developer.
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Dealmaking has picked up steam, especially by Oxy. Many of the announced deals by Oxy and others are in Texas and in the Gulf Coast region.
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Lawmakers are considering a solution that would give abandoned wells a new, redemptive purpose: deep receptacles to trap carbon for millennia.
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Recently published research suggests that carbon dioxide stored underground will stay there for millions of years.
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The funding is for 33 research and development projects which will tackle the technical challenges of capturing CO2.
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Carbon capture and storage, with the potential for usage, will be crucial if the world is to prevent global warming. While Norway has been injecting captured CO2 in saline aquifers since the mid-1990s, there has been no attempt, and no plans exist, in Europe to use CO2 for EOR. Why not?
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A new 1.0 Bcf/D facility in Baytown, Texas, is expected online no later than 2028.
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Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage infrastructure, Rystad Energy research shows.
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