Global community dedicated carbon capture and storage
Our dedicated news department gathers news and press releases from around the world to bring our community the latest developments in the carbon capture and storage market. Here you can find news involving the people and companies involved in the CCS process. Topics such as capture, storage, transport and projects are covered as well as interviews with specialists, manufacturers and end users alike. If you wish to include your news items and press releases in our publication, email newsletter or on our website please feel free to contact Tanya Rudra.
The agreement is a part of PETRONAS’ deliberate steps to build a sustainable portfolio with innovative solutions to produce energy responsibly, supporting the transition to a lower carbon future through collaborative efforts with industry partners.
The Parties will first seek CCS business opportunities in Australia and the United States, where CCS-related legal systems are established, and then the parties will expand to explore similar opportunities worldwide, including Korea.
The scheme is expected to enable the capture and storage of a minimum of 0.4 million tonnes of CO2 per year and 8 million tonnes of CO2 over the total 20-year period of the contract.
The scope of the MoU extends to cooperation across technologies related to hydrogen, renewables and carbon capture and storage.
Chevron is the lead investor in Svante’s Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante’s carbon capture technology.
The CCS project is expected to reduce carbon dioxide volume emitted via flaring by 3.3 MtCO2e annually, making it one of the largest offshore CCS projects in the world.
With its participation in Greenport Scandinavia, Wintershall Dea is now entering the Danish market with an additional CCS activity.
The parties plan to install the mobile test unit in one of ArcelorMittal’s North American Direct Reduced Iron (DRI) plants, to test MHIENG’s technology in this steelmaking route.
© Copyright 2021-2022 – KCI Media Group B.V. – Carbon Capture World