CarbonCapture pauses Bison DAC project
Developer cites growing competition for clean power as it puts project in Wyoming on hold
Los Angeles-based developer CarbonCapture has paused its flagship Bison direct air capture (DAC) project in Wyoming because of growing competition for renewable power. The company will instead turn its attention to deploying its DAC technology via a first-of-its-kind project in a different state, CarbonCapture’s CEO, Adrian Corless, said. CarbonCapture attributed its decision to pause Bison to intensifying competition for clean power, which had “acutely” affected the 5mt/yr project, Corless said. Among its leading competitors for clean power are data centres and cryptocurrency mining. The rapid growth of these energy-intensive industries had hampered efforts to build out transmission resourc
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub