EU invests €1.8 billion in clean tech projects under the Innovation Fund
July 19, 2022
The selected projects are located in Bulgaria, Finland, France, Germany, Iceland, the Netherlands, Norway, Poland and Sweden.
Global community dedicated carbon capture and storage
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.
More energy, less carbon: how CCUS is critical to our energy future
March 1, 2022
In order to meet emissions goals made under the Paris Agreement, scientists agree that carbon capture, use and storage – CCUS – is a must. Yet it’s been on hold for many companies, who are only starting to get serious about it now.
Verdox captures USD 80M to develop novel electric carbon removal technology
February 28, 2022
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.
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.