Carbon dioxide

Nokia commits to net zero greenhouse gas emissions by 2040 #MWC24

Retrieved on: 
Montag, Februar 26, 2024

Espoo, Finland – Nokia today announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it ahead of the Paris Agreement target of net zero by 2050.

Key Points: 
  • Espoo, Finland – Nokia today announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it ahead of the Paris Agreement target of net zero by 2050.
  • Pekka Lundmark, President and CEO of Nokia, said: “Our new emission reduction targets show that net zero is a business priority for Nokia.
  • Net zero: Net zero refers to a reduction of 90% in greenhouse gas emissions to as close to zero as possible, with a maximum of up to 10% remaining hard-to-abate emissions being neutralized through carbon removals.
  • To limit global warming to 1.5°C, greenhouse gas emissions must by halved by 2030 and reach net zero by 2050.

ESG Clean Energy Reaches New Milestone of Over 99% Efficiency in Its Carbon Capture, Water Removal System

Retrieved on: 
Montag, März 4, 2024

ESG Clean Energy, LLC, developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that results from continued testing of its patented water removal system exceeded a water removal rate of over 99 percent.

Key Points: 
  • ESG Clean Energy, LLC, developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that results from continued testing of its patented water removal system exceeded a water removal rate of over 99 percent.
  • This development makes it possible to conduct large- and small-scale direct carbon capture in a more viable and cost-effective manner.
  • “Reaching over 99% water removal is essentially making the emissions bone-dry,” said Nick Scuderi, President of ESG Clean Energy, LLC.
  • ESG Clean Energy’s system treats the exhaust stream to remove the water vapor before it is treated for capturing CO2.

Carbon TerraVault Provides 2023 Update

Retrieved on: 
Dienstag, Februar 27, 2024

Carbon TerraVault (CTV) today provided an update on its 2023 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its 2023 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • “During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer.
  • The CDMA provides a path for the parties to reach final definitive documents and final investment decision.

Barings, Kline Hill Partners, and Adams Street Partners Co-Lead Closing of TRP Capital Partners’ Continuation Fund for GenOx Transportation Inc.

Retrieved on: 
Montag, Februar 26, 2024

Barings, Kline Hill Partners (“Kline Hill”), and Adams Street Partners (“Adams Street”) today announced that they served as co-lead investors in the completion of a single asset continuation fund in support of TRP Capital Partners (“TRP”), Founder and CEO Kevin Mathews, and the management team of GenOx Transportation Inc. ("GenOx” or “the Company”), a leading industrial gas transportation company.

Key Points: 
  • Barings, Kline Hill Partners (“Kline Hill”), and Adams Street Partners (“Adams Street”) today announced that they served as co-lead investors in the completion of a single asset continuation fund in support of TRP Capital Partners (“TRP”), Founder and CEO Kevin Mathews, and the management team of GenOx Transportation Inc. ("GenOx” or “the Company”), a leading industrial gas transportation company.
  • We are pleased to continue our partnership with Kevin and the management team and welcome the support from our new secondary fund partners and investors,” said David Mitchell, Managing Partner at TRP Capital Partners.
  • We look to continue investing heavily in GenOx’s specialized fleet to support the industry and provide superior service for our customers,” added Michael Vellucci, Partner at TRP Capital Partners.
  • GenOx will continue to operate as a standalone business under the leadership of its existing management team, led by Kevin Mathews.

ESG Clean Energy Announces Positive Test Results of Patented Carbon Capture Water Removal System

Retrieved on: 
Donnerstag, Februar 22, 2024

ESG Clean Energy, LLC, developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that the results from tests of its patented water removal system exceed a water removal rate of over 90 percent.

Key Points: 
  • ESG Clean Energy, LLC, developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that the results from tests of its patented water removal system exceed a water removal rate of over 90 percent.
  • Reaching this level of efficiency in removing water from power generation emissions, enables the lowest-cost and most energy efficient way of capturing carbon.
  • ESG Clean Energy’s system treats the exhaust stream to remove the water vapor before it is treated for capturing CO2.
  • This patented system consists of an advanced ceramic membrane that has been incorporated into a unique mechanical cooling system.

Rayonier Announces Additional Pore Space Lease Agreements with ExxonMobil

Retrieved on: 
Mittwoch, Februar 21, 2024

Rayonier (NYSE:RYN) today announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States.

Key Points: 
  • Rayonier (NYSE:RYN) today announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States.
  • These leases increase Rayonier’s total acres under pore space lease agreements with ExxonMobil to approximately 59,000 acres.
  • ExxonMobil owns and operates the largest carbon dioxide (CO2) pipeline network in the United States, enabling a cost-efficient transportation system that accelerates carbon capture and storage (CCS) deployment for both ExxonMobil and third-party customers.
  • “We are pleased to have this relationship with ExxonMobil, the leader in carbon capture and storage in the US.

Lennox Recognized with GOOD DESIGN® and IoT Breakthrough Awards for Innovative Home Comfort Products

Retrieved on: 
Mittwoch, Februar 21, 2024

RICHARDSON, Texas, Feb. 21, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leading provider of innovative climate control solutions in the HVACR industry, is proud to share the recognition of its innovative home comfort products from the prestigious GOOD Design and IoT Breakthrough awards.

Key Points: 
  • RICHARDSON, Texas, Feb. 21, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leading provider of innovative climate control solutions in the HVACR industry, is proud to share the recognition of its innovative home comfort products from the prestigious GOOD Design and IoT Breakthrough awards.
  • The Lennox Ultimate Comfort System™ was selected as the "Smart Heating and Cooling Product of the Year" winner in the 8th annual IoT Breakthrough Awards.
  • This accolade from the IoT Breakthrough Awards program recognizes Lennox as an industry leader, highlighting the system's breakthrough technologies and its positive impact on the Internet of Things (IoT) landscape.
  • The Lennox® S40 Smart Thermostat earned a GOOD DESIGN® award, a globally recognized honor celebrating innovative designs and excellence.

IDTechEx Finds CO2-Derived Concrete Can Build a Net-Negative Future

Retrieved on: 
Mittwoch, Februar 21, 2024

Concrete is the second most consumed material on Earth, but its key ingredient, cement, is responsible for 7% of global anthropogenic CO2 emissions.

Key Points: 
  • Concrete is the second most consumed material on Earth, but its key ingredient, cement, is responsible for 7% of global anthropogenic CO2 emissions.
  • IDTechEx forecasts over 170 million tonnes of captured CO2 will be utilized in building materials by 2044.
  • Carbon dioxide can be utilized in concrete production in three different ways: injection of CO2 during curing of precast concrete, injection of CO2 during mixing of ready-mixed concrete, and formation of carbonate aggregates/additives.
  • For example, CO2-derived concrete players include Swiss company neustark, who uses the reaction of CO2 with demolished concrete to store carbon dioxide and produce concrete aggregate.

IDTechEx Finds CO2-Derived Concrete Can Build a Net-Negative Future

Retrieved on: 
Mittwoch, Februar 21, 2024

Concrete is the second most consumed material on Earth, but its key ingredient, cement, is responsible for 7% of global anthropogenic CO2 emissions.

Key Points: 
  • Concrete is the second most consumed material on Earth, but its key ingredient, cement, is responsible for 7% of global anthropogenic CO2 emissions.
  • IDTechEx forecasts over 170 million tonnes of captured CO2 will be utilized in building materials by 2044.
  • Carbon dioxide can be utilized in concrete production in three different ways: injection of CO2 during curing of precast concrete, injection of CO2 during mixing of ready-mixed concrete, and formation of carbonate aggregates/additives.
  • For example, CO2-derived concrete players include Swiss company neustark, who uses the reaction of CO2 with demolished concrete to store carbon dioxide and produce concrete aggregate.

Omnia Midstream Selected by the DOE for Funding Delaware Basin CO2 Sequestration Hub

Retrieved on: 
Montag, Februar 12, 2024

Omnia Midstream Partners has been selected by the U.S. Department of Energy (DOE) to advance a large-scale carbon storage feasibility study in the Delaware Basin located in West Texas.

Key Points: 
  • Omnia Midstream Partners has been selected by the U.S. Department of Energy (DOE) to advance a large-scale carbon storage feasibility study in the Delaware Basin located in West Texas.
  • The PRCS Hub project will establish a network of CO2 emitters, CO2 pipelines, and Carbon Capture and Storage (CCS) solutions throughout the basin.
  • This funding will help us to complete that picture and provide a clear sequestration strategy for the basin.
  • Omnia plans to capture opportunities arising from the robust growth in Delaware Basin activities by engaging in targeted business development efforts with key basin operators.