Tagged With Stuart Penson
ExxonMobil signs CCS deal with steelmaker Nucor
2 June 2023
Oil major sees CCS for third parties as a ‘compelling’ business as latest contract takes total portfolio to 5mn t/yr
CDR defies cost pressures to win over corporate buyers
30 May 2023
Growing list of offtake deals shows large corporations are ready to invest in expensive engineered carbon dioxide removal to support their net-zero goals
UK’s Drax pivots Beccs expansion to US
23 May 2023
Company plans £4bn investment in new plants in southern US, evaluates nine other sites and opens Houston Beccs headquarters
UK awards 20 offshore CO₂ storage licences
19 May 2023
First licence round sees 12 developers secure rights to appraise storage sites with potential to hold 10pc of UK’s annual emissions
Airbus and Masdar explore DAC for SAF
16 May 2023
Joint project aims to develop production of sustainable fuels by combining direct air capture and green hydrogen
Danish subsidy award unlocks major CCS project
16 May 2023
Orsted places €200mn order with Aker Carbon Capture and seals large offtake deal with Microsoft as state aid opens way for CCS at bioenergy plants
US CCUS sector weighs risks and rewards
10 May 2023
Many projects look attractive on paper but come with multiple risks for financiers and developers, say speakers at Washington forum
Major CDR projects secure offtakers in landmark deal
9 May 2023
Corporate buyers including UBS and Swiss Re commit to buy carbon dioxide removals in boost for emerging sector
US carbon management a $600bn opportunity, says DoE
5 May 2023
Industry poised to invest heavily on the back of attractive CCUS economics in gas processing and other sectors, US Department of Energy says in new report
Santos ups Bayu-Undan CCS demand forecast
3 May 2023
Australian oil and gas producer says MoUs with potential customers imply higher demand for storage at projects in East Timor
Wintershall hunts for CO₂ storage in Egypt and Argentina
27 April 2023
German oil and gas company actively screening potential offshore sites in both countries
Net zero demands huge carbon-capture investment – IEA
21 April 2023
Project pipeline implies only a quarter of capacity needed by 2030, IEA says
Climeworks bids for three US DAC hubs
20 April 2023
Swiss company targets proposed hubs in Louisiana, California and Northern Great Plains under DoE funding programme
Governments aim to unleash cross-border CO₂ trade
18 April 2023
Growth of carbon removal and capture sectors creates need for functioning international market linking emitters and storage providers
Canada signals support for $1bn Heidelberg CCUS project
6 April 2023
Government in talks with Germany-based cement maker over proposed project to make Edmonton plant carbon neutral
Aker BP joins Nordic CCS push
5 April 2023
Independent oil and gas firm targets European emitters after securing Norwegian storage exploration licence
More CCUS projects reach FID as confidence grows
4 April 2023
Policy incentives and rising carbon prices embolden developers as hub model gains traction, IEA says
UK eyes Cbam as net-zero push accelerates
30 March 2023
Government consults on measures to tackle carbon leakage as it ramps up domestic decarbonisation efforts
Canada extends CCUS tax credit to British Columbia
29 March 2023
Support currently only available to projects in Alberta and Saskatchewan to be extended as part of C$520mn package of policy enhancements
UK nuclear plant could power large-scale DAC
29 March 2023
Associated British Ports and developers of Sizewell C seek permission to build heat-assisted DAC demonstrator
BHP and HBIS to test CCUS at Hebei steel plants
27 March 2023
Australian mining company and major Chinese steelmaker agree to develop projects to demonstrate several technologies
Traders expect more carbon border taxes
27 March 2023
EU’s Cbam model likely to be replicated as national emission reduction schemes move at different speeds, global trading companies say
GE and Svante collaborate on solid sorbent carbon capture
24 March 2023
Companies agree to develop applications of Svante’s novel technology for gas-fired power plants
Industrial emitters demand action to kickstart German CCS
23 March 2023
Companies urge government to prioritise rapid scale-up of technology and infrastructure in forthcoming national carbon management strategy
Shell sees DAC potential for synthetic fuels production
22 March 2023
Direct air capture could be significant provider of CO₂ feedstock, oil major says in climate-focused future energy scenario
Drax pauses world’s largest Beccs project
21 March 2023
Major biomass power generator says £2bn project cannot proceed without clarity on UK government support for technology
Mercuria to invest $500mn in nature-based projects
20 March 2023
Commodities trader aims to generate carbon credits for use in voluntary and compliance markets via new investment vehicle
Shell rejects calls for new scope three targets
17 March 2023
Oil major pushes back on shareholder demands amid easing ESG pressures on industry
EU net-zero act prioritises CO₂ storage
16 March 2023
Package of regulatory proposals sets 2030 storage target as EU jostles for position in global green technology race
Germany under pressure to curb emissions
16 March 2023
Government developing new strategy on CCS and other carbon management tools as energy sector emissions continued to rise last year
UK backs CCUS with £20bn funding pledge
16 March 2023
Government commitment reassures investors and paves way for first two industrial clusters
Illinois Beccs project contracts Gas Liquids Engineering
13 March 2023
Canadian engineering company hired by Marquis Energy to develop largest Beccs system in the state
Shell’s carbon compliance costs to double next decade
10 March 2023
Oil major projects annual cost of $1.5bn in 2032 as governments develop emissions regulations
Greensand claims ‘world’s first’ cross-border CCS
8 March 2023
The Danish pilot project has captured CO₂ at an Ineos facility in Belgium and shipped it to Esbjerg for injection into a depleted oilfield in the North Sea
ABB and Pace aim to reduce CCS costs
3 March 2023
Engineering companies form partnership to de-risk CCS projects with digital twin technology
Occidental’s 1Pointfive plans major Texas CCS hub
2 March 2023
Bluebonnet hub on Gulf Coast will offer industrial emitters access to shared CCS infrastructure
Bahrain studies CCS mega-project
1 March 2023
Multibillion dollar onshore development expected to enter Feed stage by end-2023, Nogaholding chief executive says
Essar earmarks $3.6bn for transition in UK and India
27 February 2023
Newly created division will deliver projects including low-carbon hydrogen, biofuels and CCS, with bulk of investments aimed at the UK’s Stanlow refinery, Indian conglomerate says
Essar earmarks $3.6bn for transition in UK and India
27 February 2023
Newly created division will deliver projects including low-carbon hydrogen, biofuels and CCS, with bulk of investments aimed at the UK’s Stanlow refinery, Indian conglomerate says
US launches $2.52bn CCS funding programme
27 February 2023
Cash for large-scale pilot and demonstration projects aimed at decarbonising power generation and hard-to-abate industries
Wintershall bets on CCS in post-Russia transition
24 February 2023
German independent oil and gas company evaluating multiple CCS projects but returns will not initially match E&P, COO Dawn Summers tells Carbon Economist
Wood wins Canada oil sands CCS pipeline contract
22 February 2023
Scotland-based firm to work on engineering and design of 400km line linking oil sands facilities to storage hub near Cold Lake
Neptune and Capeomega plan North Sea CCS network
22 February 2023
RWE signals backing for Noordkaap project with intent to ship carbon dioxide from power plant in Netherlands
Heirloom to market lime-based DAC technology
21 February 2023
US technology company signs MoU to use calcination process initially developed to abate cement industry emissions
Shell and Energean explore CCS for Egyptian LNG
16 February 2023
Companies agree to study feasibility of carbon dioxide storage in depleted reservoir in Abu Qir offshore gas concession
US CCS ‘ready to accelerate’ – Aker Carbon Capture
16 February 2023
Norway-based company hires first US representative as Inflation Reduction Act fires up North American market
California DAC consortium bids for hub funding
14 February 2023
The group, which includes Brookfield Renewable and Southern California Gas Company, plans to develop capture and storage network across California
Chevron backs Australia CCS research
10 February 2023
Bulk of A$38mn commitment aimed at SLB-led project to identify CCS opportunities offshore Western Australia
UAE to tap Zambia forestry for carbon credits
9 February 2023
Two governments sign MoU allowing UAE to develop forestry-based projects in the African country
CCS needs storage at scale to be profitable – TotalEnergies
9 February 2023
Investment in CCS is a ‘permit to operate’ for oil and gas companies but not a profitable business model in the near term, says CEO Patrick Pouyanne
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