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Policy

In this Policy news section you can read a selection of news on the topic of policy, legislation and international cooperation related to carbon capture and storage. If you wish to contribute and send us your press release, please do so at this press-submit page.

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Verdox captures USD 80M to develop novel electric carbon removal technology

Verdox, an electric carbon capture and removal company, launched on February 2nd and immediately announced USD 80M in committed capital from a syndicate including Breakthrough Energy Ventures (BEV), Prelude Ventures, and Lowercarbon Capital. The investment will be leveraged to develop and deploy the company’s novel electrochemical carbon capture technology.

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FAQ - Frequently Asked Questions

Find here some commonly asked questions about Carbon Capture and their answers

Carbon capture and storage (CCS) or carbon capture and sequestration is the process of capturing carbon dioxide (CO2) before it enters the atmosphere, transporting it, and storing it (carbon sequestration) for centuries or millennia. Usually the CO2 is captured from large point sources, such as coal-fired power plant, a chemical plant or biomass power plant, and then stored in an underground geological formation.

The aim is to prevent the release of CO2 from heavy industry with the intent of mitigating the effects of climate change. Although CO2 has been injected into geological formations for several decades for various purposes, including enhanced oil recovery, the long-term storage of CO2 is a relatively new concept. 

Carbon capture and utilization (CCU) and CCS are sometimes discussed collectively as carbon capture, utilization, and sequestration (CCUS). This is because CCS is a relatively expensive process yielding a product with an intrinsic low value (i.e. CO2). Hence, carbon capture makes economically more sense when being combined with a utilization process where the cheap CO2 can be used to produce high-value chemicals to offset the high costs of capture operations.

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