Tagged With Stuart Penson
German energy firms power up UK CCS push
22 February 2024
Uniper and RWE advance multiple projects to deploy CCS at new and existing gas-fired power plants
EU carbon taxes driving away investment – INEOS CEO
20 February 2024
Carbon costs imposed by EU on chemicals sector are unsustainable, INEOS CEO and founder Jim Ratcliffe warns commission president
Indonesia eyes carbon imports from Singapore
20 February 2024
Countries work together on cross-border projects as Indonesia positions itself as Asian storage hub
Heidelberg advances Alberta CCUS project
19 February 2024
Cement producer awards FEED contract for large-scale project but stresses need to finalise federal and provincial funding
US warns against Asian coal power expansions
13 February 2024
Plans to add 500GW of coal-fired capacity could undo progress on emissions in US and Europe, climate envoy John Kerry tells IEA forum
US backs CCS tech projects with $304m
12 February 2024
Government selects four large-scale projects spanning power, refining and paper sectors to receive funding to pilot transformational technologies
DAC takes centre stage in EU carbon strategy
7 February 2024
Carbon removal technology instrumental in meeting 2040 and 2050 emissions targets, European Commission says
Japanese firms explore carbon exports to Australia
6 February 2024
Mitsui OSK Lines and JX Nippon Oil eye shipments to South Australia as cross-border emissions trade routes in Asia-Pacific open up
UK’s first cement sector CCS project advances
6 February 2024
Germany-based Heidelberg Materials awards FEED contracts for £400m project at its Padeswood plant in Wales
Broker launches insurance against carbon leakage
30 January 2024
London-based Howden says new product can boost bankability of CCS projects by addressing key risk
Letter on carbon: Backing Beccs
19 January 2024
Drax Power has secured planning permission to start developing one of the world’s largest commercial projects, but how robust is the argument for deploying Beccs at scale?
CCUS: Five things to watch in 2024
16 January 2024
Investment in CCUS will accelerate this year as developers weigh short-term cost pressures and regulatory risk against the technology’s long-term potential
Adnoc buys into UK CCS developer Storegga
11 January 2024
Emirati energy company takes 10.1% stake in first international investment in carbon management sector
Letter on carbon: Talk of the town
4 December 2023
CCUS is under the spotlight at COP28 in Dubai as policymakers increasingly look to tap its potential to tackle hard-to-abate emissions
EU sets sights on pan-European CCS network
28 November 2023
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
Yara and Northern Lights in major cross-border carbon deal
27 November 2023
Shipment of CO₂ from Dutch ammonia plant to Norwegian storage site will require bilateral agreement at government level
Adnoc and Santos collaborate on Asia-Pacific CCS
21 November 2023
Strategic alliance includes potential development of CO₂ shipping and transportation infrastructure network in the region
US government backs BP’s Whiting storage project
15 November 2023
DOE offers $98m to CO₂ storage project centred on oil major’s largest refinery
Wintershall buys into Poseidon CCS project
14 November 2023
German independent expands UK CCS portfolio with purchase of 10% stake in Southern North Sea project from Carbon Catalyst
BlackRock backs DAC with $550m Stratos deal
8 November 2023
World’s largest fund manager forms joint venture with Occidental to drive forward Texas project
Letter on carbon: Betting on Berlin
31 October 2023
Europe’s CCUS sector needs the German government to deliver on its promise of an ambitious carbon management strategy
Eni claims CCS regulation breakthrough with UK deal
25 October 2023
Head of terms agreement for HyNet North West cluster paves way for world’s first asset-based regulated CCS business
North Sea Porthos carbon storage project hits FID
18 October 2023
Netherlands’ first major storage project sees costs more than double after two-year delay
German researchers ready to scale new DAC system
4 October 2023
Successful trials prove reliability of system using waste heat to reduce power consumption, says Centre for Solar Energy and Hydrogen Research Baden-Wuerttemberg
1Pointfive and Adnoc study large-scale DAC
4 October 2023
Companies jointly fund preliminary engineering study of first megaton-scale DAC facility outside US
Letter on carbon: Reality check
3 October 2023
The IEA has tempered recent optimism over CCUS with a downbeat assessment of the technology’s role in achieving net zero
Letter on carbon: Direct action
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
SLB on mission to halve cost of carbon capture
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage
Carbon markets primed for key role in net-zero push
20 September 2023
Curbing emissions globally by using international carbon market mechanisms reduces the cost of mitigation, Andrea Bonzanni, international policy director at the IETA, tells Carbon Economist
UK licence awards set stage for CO₂ storage push
15 September 2023
Shell, Eni and independent operator Enquest dominate list of new licences as UK ramps up offshore storage push
Amazon backs Texas DAC project with ten-year offtake
13 September 2023
Online retailer prebooks credits to be generated by 1PointFive’s Stratos project in Ector County
Adnoc takes FID on Habshan CCUS project
6 September 2023
Project is one of MENA region’s largest and will triple Emirati firm’s CO₂ storage capacity
US eyes funding to scale up CO₂ transport system
29 August 2023
Buildout of infrastructure over next decade needed to keep pace with rapid growth of country’s CCS sector
Porthos counts costs of construction delays
22 August 2023
Netherlands’ flagship CCS project targets 2026 start up after legal challenge derails original construction timetable
Occidental to buy DAC specialist Carbon Engineering for $1.1b
16 August 2023
US oil company agrees to acquire Canadian developer in move to accelerate cost reductions and deployment of direct air capture technology
Wintershall breaks into UK CCS market
16 August 2023
German independent oil and gas firm secures licence to develop storage in Camelot area of North Sea in breakthrough for its growing carbon management business
Denmark pauses North Sea storage tender
15 August 2023
Second-round tender put on hold amid uncertainty over Danish state’s shareholding in future licences
US selects DAC projects for $1.2b funding
11 August 2023
Climeworks and Occidental subsidiary 1PointFive among developers set for talks with US Department of Energy over first tranche of funding for large-scale projects
Eni and Stanlow study CO₂ import potential
9 August 2023
Open access terminal in northwest England would receive CO₂ shipped in from multiple locations
Wood secures new global agreement with Shell
3 August 2023
Scotland-based consulting and engineering firm to support oil major’s global energy transition projects under new three-year deal
Wood secures new global agreement with Shell
3 August 2023
Scotland-based consulting and engineering firm to support oil major’s global energy transition projects under new three-year deal
ADNOC and Occidental collaborate on CCS and DAC
2 August 2023
Strategic agreement includes evaluation of first megaton direct air capture project outside US
ExxonMobil boosts CCS portfolio with $4.9b Denbury deal
21 July 2023
Acquisition of Texas-based independent gives oil major largest US CO₂ pipeline network and ten onshore storage sites
Shell and ConocoPhillips back hybrid DAC technology
18 July 2023
Oil companies invest in Los Angeles-based Avnos to help commercialise novel technology by end of 2025
Buckeye buys Elysian Carbon Management
18 July 2023
Houston-based midstream oil company signals commitment to transition with purchase of CCS developer
Aramco explores use of modular CCUS
13 July 2023
Saudi company signs MOU with Norwegian technology supplier Aker Carbon Capture to assess potential for deployment across range of industries
Developers eye rapid UK offshore CO₂ storage growth
11 July 2023
Companies have near-term ambitions to bring online 37 storage sites by 2035, according to industry survey by Crown Estates
Denbury set for rapid CCUS expansion
11 July 2023
Texas-based firm forms partnerships to develop 300mn t of new CO₂ storage capacity in southeastern Louisiana
Shell and Man in carbon capture collaboration
4 July 2023
Two companies sign MoU to work together on reducing costs and accelerating rollout of projects
UK backs engineered carbon removal with ETS
4 July 2023
Government set to include Dac and Beccs in national emissions trading scheme as part of package of reforms
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