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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells