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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The road to a low-carbon world is paved with more than just shiny new facilities and the promise to deliver impressive CO₂ reductions from the atmosphere. Without the software to site, monitor, and maintain those facilities, the drive for net zero would be stuck in neutral. -
Consulting and engineering firm Wood is leading a joint industry partnership to create industry guidelines for carbon dioxide specifications to accelerate sustainable carbon capture, use, and storage projects.
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The $220-million carbon capture and storage project is one of the world's largest, with a nameplate injection capacity of 1.7 mtpa.
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The agreement with state officials comes more than 3 years after the supermajor proposed building the world's largest carbon storage hub offshore the Houston area.
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DNV’s Energy Transition Outlook 2024 projects continued growth in solar; slower growth in wind; and declines in coal, oil, and gas, while hydrogen and carbon capture projects are struggling.
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Occidental’s 1PointFive will receive up to $500 million from the Office of Clean Energy Demonstrations for the carbon-capture facility in south Texas.
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The Ravenna CCS project will capture, transport, and store carbon-dioxide emissions from Eni’s natural gas treatment plant in Casalborsetti, Italy, estimated to be approximately 25,000 tonnes per year.
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The facility for open-source carbon capture, transport, and storage has been completed.
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Stable policies and economics that encourage development are critical for scaling carbon capture.
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By repurposing Italy’s depleted Porto Corsini Mare Ovest offshore gas field for CO2 storage, Eni and Italian grid operator Snam have positioned the Ravenna CCS project to play a major role in the EU’s development of more than 50 mpta of CO2 storage capacity by 2030.
