Tagged With Stuart Penson
EU needs ’extraordinary effort’ to meet CCS goals
21 May 2024
Denmark and the Netherlands stand out as CCS champions but too many other member states have yet to recognise the importance of the technology, warns lobby group CCS Europe
ArcelorMittal launches carbon capture pilot at Belgian complex
21 May 2024
Europe’s largest steelmaker starts up project at Ghent site as it pursues CCS as third pillar of decarbonisation strategy
Climeworks fires up Mammoth DAC plant
10 May 2024
Launch of project powered by geothermal energy in Iceland marks step forward in push to scale up expensive direct-air-capture technology
Letter on carbon: Weathering the CO₂ storm
7 May 2024
Policymakers should consider backing enhanced weathering as a CDR technique with benefits to the agricultural sector
No rapid buildout seen for CCS in China
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
Letter on carbon: Free movement
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
Voluntary carbon market defies the odds
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
Carbon markets alone will not deliver CCS at scale
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
Chevron invests in carbon capture tech firm
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology
Stanlow offers blueprint for low-carbon refining
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval
Stanlow offers blueprint for low-carbon refining
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval
Letter on carbon: SLB’s early-stage tech play
2 April 2024
US firm’s deal with Aker Carbon Capture could be catalyst for growth in a sector hampered by high costs
SLB buys majority of Aker Carbon Capture for $380m
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
UK poised for surge in CCS investment
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
US offers record $6b funding to hard-to-abate sectors
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
Letter from London: Trading the transition
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity
Shell eyes 75% capacity boost at Quest CCS
15 March 2024
Oil major explores potential expansion of Canadian project as investment in CCS gathers pace
Letter on carbon: Can carbon markets deliver?
5 March 2024
Offset integrity issues and low prices are undermining markets’ potential to drive low-carbon investment
Letter from London: Just do the transition
29 February 2024
Deployment of clean energy technology is gathering pace, but the transition is way behind where it needs to be
Letter from London: Just do the transition
29 February 2024
Deployment of clean energy technology is gathering pace, but the transition is way behind where it needs to be
Germany throws its weight behind CCS
27 February 2024
Government proposes support for deployment in hard-to-abate sectors and commits to ratify key London Protocol amendment under long-awaited carbon management strategy
German energy firms power up UK CCS push
22 February 2024
Uniper and RWE advance multiple projects to deploy CCS at new and existing gas-fired power plants
EU carbon taxes driving away investment – INEOS CEO
20 February 2024
Carbon costs imposed by EU on chemicals sector are unsustainable, INEOS CEO and founder Jim Ratcliffe warns commission president
Indonesia eyes carbon imports from Singapore
20 February 2024
Countries work together on cross-border projects as Indonesia positions itself as Asian storage hub
Heidelberg advances Alberta CCUS project
19 February 2024
Cement producer awards FEED contract for large-scale project but stresses need to finalise federal and provincial funding
US warns against Asian coal power expansions
13 February 2024
Plans to add 500GW of coal-fired capacity could undo progress on emissions in US and Europe, climate envoy John Kerry tells IEA forum
US backs CCS tech projects with $304m
12 February 2024
Government selects four large-scale projects spanning power, refining and paper sectors to receive funding to pilot transformational technologies
DAC takes centre stage in EU carbon strategy
7 February 2024
Carbon removal technology instrumental in meeting 2040 and 2050 emissions targets, European Commission says
Japanese firms explore carbon exports to Australia
6 February 2024
Mitsui OSK Lines and JX Nippon Oil eye shipments to South Australia as cross-border emissions trade routes in Asia-Pacific open up
UK’s first cement sector CCS project advances
6 February 2024
Germany-based Heidelberg Materials awards FEED contracts for £400m project at its Padeswood plant in Wales
Broker launches insurance against carbon leakage
30 January 2024
London-based Howden says new product can boost bankability of CCS projects by addressing key risk
Letter on carbon: Backing Beccs
19 January 2024
Drax Power has secured planning permission to start developing one of the world’s largest commercial projects, but how robust is the argument for deploying Beccs at scale?
CCUS: Five things to watch in 2024
16 January 2024
Investment in CCUS will accelerate this year as developers weigh short-term cost pressures and regulatory risk against the technology’s long-term potential
Adnoc buys into UK CCS developer Storegga
11 January 2024
Emirati energy company takes 10.1% stake in first international investment in carbon management sector
Letter on carbon: Talk of the town
4 December 2023
CCUS is under the spotlight at COP28 in Dubai as policymakers increasingly look to tap its potential to tackle hard-to-abate emissions
EU sets sights on pan-European CCS network
28 November 2023
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
Yara and Northern Lights in major cross-border carbon deal
27 November 2023
Shipment of CO₂ from Dutch ammonia plant to Norwegian storage site will require bilateral agreement at government level
Adnoc and Santos collaborate on Asia-Pacific CCS
21 November 2023
Strategic alliance includes potential development of CO₂ shipping and transportation infrastructure network in the region
US government backs BP’s Whiting storage project
15 November 2023
DOE offers $98m to CO₂ storage project centred on oil major’s largest refinery
Wintershall buys into Poseidon CCS project
14 November 2023
German independent expands UK CCS portfolio with purchase of 10% stake in Southern North Sea project from Carbon Catalyst
BlackRock backs DAC with $550m Stratos deal
8 November 2023
World’s largest fund manager forms joint venture with Occidental to drive forward Texas project
Letter on carbon: Betting on Berlin
31 October 2023
Europe’s CCUS sector needs the German government to deliver on its promise of an ambitious carbon management strategy
Eni claims CCS regulation breakthrough with UK deal
25 October 2023
Head of terms agreement for HyNet North West cluster paves way for world’s first asset-based regulated CCS business
North Sea Porthos carbon storage project hits FID
18 October 2023
Netherlands’ first major storage project sees costs more than double after two-year delay
German researchers ready to scale new DAC system
4 October 2023
Successful trials prove reliability of system using waste heat to reduce power consumption, says Centre for Solar Energy and Hydrogen Research Baden-Wuerttemberg
1Pointfive and Adnoc study large-scale DAC
4 October 2023
Companies jointly fund preliminary engineering study of first megaton-scale DAC facility outside US
Letter on carbon: Reality check
3 October 2023
The IEA has tempered recent optimism over CCUS with a downbeat assessment of the technology’s role in achieving net zero
Letter on carbon: Direct action
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
SLB on mission to halve cost of carbon capture
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage
Carbon markets primed for key role in net-zero push
20 September 2023
Curbing emissions globally by using international carbon market mechanisms reduces the cost of mitigation, Andrea Bonzanni, international policy director at the IETA, tells Carbon Economist
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