Carbon capture and storage
The updated joint development agreement allows the companies to carve out new markets while they complete pilot testing at a demonstration plant in the Netherlands.
The US supermajor aims to speed the commercialization of a new liquid solvent that strips carbon dioxide from industrial flue gas.
The partnership seeks to shift the economics of carbon capture across high-emitting industrial sectors.
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The project aims to store 5 million tons of CO₂ annually, equivalent to a third of the total CO2 emissions from Dutch domestic vehicles in 1 year. -
A pilot project will explore onboard carbon capture for container ships, and two heavy-hitters are teaming up to find decarbonization paths in the Asia Pacific region. Elsewhere, wind and solar are on track to pass coal in the race to generate electricity.
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The memorandum of understanding aims to improve digital work flows in the emerging carbon capture and storage industry.
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A surge in permit applications for long-term carbon storage sites reflects where industrially produced carbon dioxide can be harvested, and where the necessary pipelines are.
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The captured carbon dioxide will be permanently sequestered in the Cameron Parish CO2 Hub to be located offshore Louisiana.
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Several projects have been scrapped across the US as inflation causes project costs to soar, while projects in Costa Rica and Rotterdam move forward.
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New York-based BlackRock will put more than half a billion dollars into Occidental's first direct air capture project, which is now 30% completed.
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In the US, localized opposition and regulatory uncertainty are threatening to kill or severely limit the use of carbon capture, use, and storage (CCUS) in the fight against climate change.
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As money pours into the space, questions arise about whether the method of removing carbon from the atmosphere is the best investment.
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The funding is aimed at helping connect sources of carbon dioxide to locations for geologic storage and conversion through multiple transport modes.
