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 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.
