Carbon capture and storage
A new Xodus report finds that scaling CCS across Europe will require significant investment in dedicated CO2 shipping, port infrastructure, and hybrid transport systems—projecting a fleet of about 65 vessels, 33 ports, and rapidly increasing emissions transport by 2050.
The California Resources Corporation achieved the state’s first carbon dioxide injection into two depleted reservoirs with the potential to store 38 million tonnes.
Research by Enervus sees early 2026 permitting activity for the carbon capture and storage wells pointing to a growing approval queue, even while the rate of applications eases.
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The White House review of proposed rules for an expanded credit for capturing and storing carbon dioxide resulted in changes that give the IRS more time to take back the credits in case of carbon leaks. -
The cement industry is exploring carbon capture technology to reduce its carbon footprint.
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The company started operating its mobile test facility for carbon capture at Preem’s refinery in Lysekil, Sweden.
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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.
