Carbon capture and storage
The early enthusiasm for carbon capture and storage (CCS) is showing signs of strain as the limited capital availability and political support become clearer.
The two companies said they will evaluate the possibility of a joint venture to develop a direct air capture hub in South Texas, with XRG considering investing up to $500 million.
The plant at Heidelberg Materials’ cement facility in Brevik, Norway, has captured its first 1,000 metric tons of carbon dioxide.
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The company started operating its mobile test facility for carbon capture at Preem’s refinery in Lysekil, Sweden. -
Total is stepping up its research into carbon capture, utilization, and storage technologies by signing a multiyear partnership with UK startup Cambridge Quantum Computing. This partnership aims to develop new quantum algorithms to improve materials for carbon capture.
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An investment decision this year would sanction Norway’s first CO2 storage project. Phase 1 is expected to be operational in 2024.
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Equinor and partners Shell and Total have completed the drilling of a confirmation well south of the Troll field in the North Sea. The purpose of the well is to determine the suitability of the reservoir for carbon dioxide storage.
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Salk’s Harnessing Plants Initiative will receive a $12.5 million gift from Hess to advance two projects to enhance plants’ natural ability to store carbon and mitigate the effects of climate change: the CO2 Removal on a Planetary Scale (CRoPS) program and the Coastal Plant Restoration (CPR) program.
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BP, ENI, Equinor, Shell and Total to develop Net Zero Teesside Project. The project aims to capture 6 mtpa of CO2 emissions.
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In the past, carbon capture and sequestration seemed to be going nowhere. Today, according to the Global CCS Institute, 19 large-scale commercial carbon capture and sequestration facilities are operating around the world, 10 of which are in the US.
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Chevron Technology Ventures has joined a consortium in a $16-million investment in a company that provides portable carbon-capture technology.
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A new study will identify the UK’s best sites and produce a roadmap for carbon storage to help the country reach its net zero targets, geologists say.
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ExxonMobil is planning to build and operate a carbon capture facility in southwest Wyoming, according to a permit application filed with the state's environmental regulatory agency in January.
