Tagged With Stuart Penson
Drax pauses world’s largest Beccs project
21 March 2023
Major biomass power generator says £2bn project cannot proceed without clarity on UK government support for technology
Mercuria to invest $500mn in nature-based projects
20 March 2023
Commodities trader aims to generate carbon credits for use in voluntary and compliance markets via new investment vehicle
Shell rejects calls for new scope three targets
17 March 2023
Oil major pushes back on shareholder demands amid easing ESG pressures on industry
EU net-zero act prioritises CO₂ storage
16 March 2023
Package of regulatory proposals sets 2030 storage target as EU jostles for position in global green technology race
Germany under pressure to curb emissions
16 March 2023
Government developing new strategy on CCS and other carbon management tools as energy sector emissions continued to rise last year
UK backs CCUS with £20bn funding pledge
16 March 2023
Government commitment reassures investors and paves way for first two industrial clusters
Illinois Beccs project contracts Gas Liquids Engineering
13 March 2023
Canadian engineering company hired by Marquis Energy to develop largest Beccs system in the state
Shell’s carbon compliance costs to double next decade
10 March 2023
Oil major projects annual cost of $1.5bn in 2032 as governments develop emissions regulations
Chevron expands Bayou Bend CCS project
9 March 2023
Project on US Gulf Coast will be expanded to have storage capacity for 1bn t CO₂ as part of firm’s wider CCS ambitions
Greensand claims ‘world’s first’ cross-border CCS
8 March 2023
The Danish pilot project has captured CO₂ at an Ineos facility in Belgium and shipped it to Esbjerg for injection into a depleted oilfield in the North Sea
ABB and Pace aim to reduce CCS costs
3 March 2023
Engineering companies form partnership to de-risk CCS projects with digital twin technology
Occidental’s 1Pointfive plans major Texas CCS hub
2 March 2023
Bluebonnet hub on Gulf Coast will offer industrial emitters access to shared CCS infrastructure
Bahrain studies CCS mega-project
1 March 2023
Multibillion dollar onshore development expected to enter Feed stage by end-2023, Nogaholding chief executive says
Essar earmarks $3.6bn for transition in UK and India
27 February 2023
Newly created division will deliver projects including low-carbon hydrogen, biofuels and CCS, with bulk of investments aimed at the UK’s Stanlow refinery, Indian conglomerate says
Essar earmarks $3.6bn for transition in UK and India
27 February 2023
Newly created division will deliver projects including low-carbon hydrogen, biofuels and CCS, with bulk of investments aimed at the UK’s Stanlow refinery, Indian conglomerate says
US launches $2.52bn CCS funding programme
27 February 2023
Cash for large-scale pilot and demonstration projects aimed at decarbonising power generation and hard-to-abate industries
Wintershall bets on CCS in post-Russia transition
24 February 2023
German independent oil and gas company evaluating multiple CCS projects but returns will not initially match E&P, COO Dawn Summers tells Carbon Economist
Wood wins Canada oil sands CCS pipeline contract
22 February 2023
Scotland-based firm to work on engineering and design of 400km line linking oil sands facilities to storage hub near Cold Lake
Neptune and Capeomega plan North Sea CCS network
22 February 2023
RWE signals backing for Noordkaap project with intent to ship carbon dioxide from power plant in Netherlands
Heirloom to market lime-based DAC technology
21 February 2023
US technology company signs MoU to use calcination process initially developed to abate cement industry emissions
Shell and Energean explore CCS for Egyptian LNG
16 February 2023
Companies agree to study feasibility of carbon dioxide storage in depleted reservoir in Abu Qir offshore gas concession
US CCS ‘ready to accelerate’ – Aker Carbon Capture
16 February 2023
Norway-based company hires first US representative as Inflation Reduction Act fires up North American market
California DAC consortium bids for hub funding
14 February 2023
The group, which includes Brookfield Renewable and Southern California Gas Company, plans to develop capture and storage network across California
Chevron backs Australia CCS research
10 February 2023
Bulk of A$38mn commitment aimed at SLB-led project to identify CCS opportunities offshore Western Australia
UAE to tap Zambia forestry for carbon credits
9 February 2023
Two governments sign MoU allowing UAE to develop forestry-based projects in the African country
CCS needs storage at scale to be profitable – TotalEnergies
9 February 2023
Investment in CCS is a ‘permit to operate’ for oil and gas companies but not a profitable business model in the near term, says CEO Patrick Pouyanne
BP softens emissions goals in push for ‘orderly’ transition
7 February 2023
Oil and gas major revises down scope three targets as it plans slower reductions in oil and gas production to 2030
Denmark awards licences to CCS frontrunners
7 February 2023
TotalEnergies, Wintershall Dea and Ineos secure first exclusive licences to explore potential offshore storage sites
Offset oversupply threatens carbon removal tech
3 February 2023
Surplus offsets in voluntary carbon market could depress prices to 2050 and deter investment in more expensive removal methods, says BloombergNEF
Equinor exits Barents Blue and Polaris
2 February 2023
Norwegian state-owned company walks away from ammonia and associated CCS projects after cooperation agreement expires
Equinor quits Barents Blue and Polaris
2 February 2023
Norwegian state-owned company walks away from ammonia and associated CCS projects after cooperation agreement expires
Roehm eyes carbon capture for German chemical plants
2 February 2023
Chemicals company contracts Norway’s Aker Carbon Capture for feasibility study of project to deploy two capture facilities
Spirit unveils major UK offshore carbon storage project
2 February 2023
Centrica joint venture outlines plan to convert two Irish Sea gas fields into storage hub with potential to develop blue hydrogen cluster
Investors warn against carbon removal
1 February 2023
UN-convened alliance of financial institutions demands focus on carbon mitigation rather than removal
Deep emissions cuts drive CCUS to emerging economies – BP
31 January 2023
India and China lead CCUS deployment under optimistic emissions reduction scenarios set out by oil major
Petronas partners with ExxonMobil on CCS projects
31 January 2023
Agreement adds to growing list of carbon-capture alliances forged by Malaysian oil and gas company
Japanese heavyweights get behind CCS
26 January 2023
Nippon Steel and Mitsubishi among a slew of major Japanese companies launching CCS initiatives as government sets out long-term roadmap
Shell delivers first cargo under Giignl green LNG rules
25 January 2023
Cargo shipped from Gorgon project to Taiwan is first to verify GHG-neutral status using guidelines set by International Group of Liquefied Natural Gas Importers
Norway claims first smelter CCS pilot
24 January 2023
Technology supplied by Aker Carbon Capture connected to ferroalloys production plant operated by Elkem in Rana, Norway
Paris goals demand rapid CDR scale-up
24 January 2023
Deployment of new carbon dioxide removal technologies such as Beccs and Daccs must accelerate over the next decade, says University of Oxford report
Voluntary market set to embrace removals
20 January 2023
Carbon-removal technologies to gain market share as companies fret over quality of credits generated by avoidance projects, according to Shell and BCG
Germany’s change of heart on CCS
19 January 2023
Technology shunned by country’s politicians for more than a decade looks set for a key role in government’s new decarbonisation strategy
Equinor backs Beccs in joint Nordic initiative
18 January 2023
Norwegian energy firm launches Njord Carbon project to scale up carbon-removal technology together with Sodra and Verdane
Europe urged to fight US for low-carbon investment
17 January 2023
Continent should match US policies such as the Inflation Reduction Act to attract capital for net-zero push, says former vice-president Al Gore
Alaska looks to tap carbon markets
17 January 2023
US state’s governor proposes legislation to support expansion of CCS and generation of tradeable offsets
Trafigura backs DACS with credit purchase pledge
16 January 2023
Commodities trader signs up to carbon removal commitment set by First Movers Coalition
EU approves €1.1bn Danish CCS support scheme
13 January 2023
State government offers 20-year CfD to support deployment of carbon capture as key decarbonisation tool
Australia softens stance on international offsets
13 January 2023
Government to consult on potential law change allowing big emitters to use offsets generated abroad to meet domestic limits
CCUS sector set for flurry of M&A
9 January 2023
More deals expected this year as developers seek capital and large firms look to build up portfolios, says Wood Mackenzie
Errai CCS hits milestone
6 January 2023
Developers of Norway’s first commercial carbon capture and storage project secure site for intermediate terminal in one of country’s largest industrial zones
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