Carbon dioxide

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

Retrieved on: 
Monday, February 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.

Celanese Low-Carbon ECO-CC Products Available Through U.S. Department of Energy Procurement Grant Program

Retrieved on: 
Monday, February 12, 2024

Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor .

Key Points: 
  • Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor .
  • This includes Celanese low carbon acetic acid, which uses the ECO-CC product name because it is manufactured using carbon capture and utilization (CCU) technology.
  • These product offerings have demonstrated significant net reductions in life cycle greenhouse gas emissions and passed a critical DOE review of the product’s life cycle analysis.
  • As an UPGrants vendor, Celanese has already begun working with our value-chain partners to extend product usage opportunities to eligible U.S. government entities nationwide.

ESG Clean Energy Solves The Carbon Capture Puzzle for Power Generation

Retrieved on: 
Monday, February 12, 2024

ESG Clean Energy, LLC (the “Company” or “ESG Clean Energy”), developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that the results of recent testing of its patented water removal system at its active power generation site in Holyoke, MA, were consistent with and/or exceeded modeled forecasts and confirms, as anticipated by the Company, capturing carbon dioxide can now be achieved at a low cost and in an energy-efficient manner utilizing ESG Clean Energy’s industry-changing technology.

Key Points: 
  • ESG Clean Energy, LLC (the “Company” or “ESG Clean Energy”), developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that the results of recent testing of its patented water removal system at its active power generation site in Holyoke, MA, were consistent with and/or exceeded modeled forecasts and confirms, as anticipated by the Company, capturing carbon dioxide can now be achieved at a low cost and in an energy-efficient manner utilizing ESG Clean Energy’s industry-changing technology.
  • “We have always believed that it is possible to remove carbon dioxide from fossil fuel generation emissions more efficiently and our belief has now been validated,” said Nick Scuderi, president of ESG Clean Energy, LLC.
  • We believe our system solves the issues of equipment cost and energy needed to make carbon capture economically viable.
  • ESG Clean Energy’s system treats the exhaust stream to remove the water vapor before it is treated for capturing CO2.

Fortuna Announces GHG Emissions Reduction Target for 2030 and Long-Term Objectives to 2050

Retrieved on: 
Thursday, February 8, 2024

BAU is a metric defined as a reduction of GHG emissions against a future forecast of unmitigated GHG emissions where no actions are taken to reduce GHG emissions during the defined time-period.

Key Points: 
  • BAU is a metric defined as a reduction of GHG emissions against a future forecast of unmitigated GHG emissions where no actions are taken to reduce GHG emissions during the defined time-period.
  • Fortuna has aligned on a BAU target in recognition that its GHG emissions and energy profile will change over time with continued operational and business growth.
  • Fortuna is committing to reduce Scope 1 and Scope 2 GHG emissions to at least 116,000 tCO2 in 2030, which represents 20,500 tCO2 or 15 percent less emissions than the 2030 BAU forecast.
  • Fortuna is committed to monitoring the GHG emissions of each of its mines on a monthly basis and to periodically review progress against its GHG emissions reduction target and its pathway, alongside the monitoring of its other sustainability targets.

Infineon and Worksport collaborate to reduce weight and cost of portable power stations with GaN

Retrieved on: 
Wednesday, February 7, 2024

Worksport will use Infineon’s GaN power semiconductors GS-065-060-5-B-A in the converters for its portable power stations to increase efficiency and power density.

Key Points: 
  • Worksport will use Infineon’s GaN power semiconductors GS-065-060-5-B-A in the converters for its portable power stations to increase efficiency and power density.
  • Enabled by Infineon’s GaN transistors, the power converters will be lighter and smaller in size with reduced system costs.
  • In addition, Infineon will support Worksport in the optimization of circuits and layout design to further reduce size and increase power density.
  • “With our GaN power semiconductors we enable Worksport to create the next generation portable power stations that users require.”
    Infineon’s GS-065-060-5-B-A is an Automotive-grade 650 V enhancement mode GaN-on-Silicon power transistor.

California Resources Corporation to Combine with Aera Energy

Retrieved on: 
Wednesday, February 7, 2024

California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.

Key Points: 
  • California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.
  • The transaction values Aera at approximately $2.1 billion, inclusive of Aera’s net debt and certain other obligations1, and is expected to be immediately accretive.
  • On behalf of CRC, we look forward to working with our new colleagues at Aera.
  • The combined company will own interests in five of the largest oil fields in California with opportunities to increase oil recovery.

Fluor’s Econamine FG PlusSM Carbon Capture Technology Selected to Reduce CO2 Emissions at Chevron Facility

Retrieved on: 
Tuesday, February 6, 2024

Fluor Corporation (NYSE: FLR) announced today that Chevron New Energies has signed a license agreement with Fluor to use its proprietary Econamine FG PlusSM carbon capture technology to reduce carbon dioxide (CO2) emissions at Chevron’s Eastridge Cogeneration facility in Kern County, California.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that Chevron New Energies has signed a license agreement with Fluor to use its proprietary Econamine FG PlusSM carbon capture technology to reduce carbon dioxide (CO2) emissions at Chevron’s Eastridge Cogeneration facility in Kern County, California.
  • Fluor recognized the undisclosed license award in the fourth quarter.
  • View the full release here: https://www.businesswire.com/news/home/20240206946145/en/
    Fluor’s Econamine FG Plus carbon capture technology expected to reduce CO2 emissions at Chevron facility by approximately 95% (Photo: Business Wire)
    “We are pleased to help Chevron achieve their CO2 reduction goals through the use of our carbon capture technology,” said Jim Breuer, Group President of Fluor’s Energy Solutions business segment.
  • “We are seeing significant activity across the globe in carbon capture and are pleased to employ our Econamine FG Plus technology to this important project.”
    When installed, Fluor’s carbon capture solution is expected to reduce the Eastridge facility’s carbon emissions by approximately 95%.

Etiometry Unveils 2024 Priorities and Celebrates Milestones: Clinical Outcomes Data Show Significant Reductions in Length of Stay (LOS)

Retrieved on: 
Tuesday, January 30, 2024

A multicenter randomized clinical trial showed a reduction in time patients were on vasoactive medication by 18%.

Key Points: 
  • A multicenter randomized clinical trial showed a reduction in time patients were on vasoactive medication by 18%.
  • This was the first study to explore the use of algorithms in the safe de-escalation of care.
  • "The clinical outcomes data tell a compelling story of how Etiometry's platform is reshaping the landscape of critical care.
  • As the evidence highlighting the clinical efficacy of the Etiometry platform continues to grow, so does the attention from industry stakeholders.

Global Thermostat commissions first containerized T-Series system for multi-tonne Direct Air Capture of carbon dioxide

Retrieved on: 
Thursday, February 1, 2024

COMMERCE CITY, Colo., Feb. 1, 2024 /PRNewswire/ -- Global Thermostat today announced it has commissioned the first containerized T-Series system for Direct Air Capture of carbon dioxide, which is designed to remove from tonnes to tens of tonnes per year from the atmosphere and aimed at smaller commercial and pilot applications.

Key Points: 
  • "Many companies are seeking a rapidly deployable, low-footprint, climate-friendly way of obtaining the carbon dioxide they need," said Paul Nahi, CEO of Global Thermostat.
  • "Others are interested in piloting a smaller scale Direct Air Capture solution as they plan higher volume deployments in the future," Nahi added.
  • It can be used in combination with underground storage or mineralization to permanently remove past carbon dioxide emissions.
  • Global Thermostat's patented Direct Air Capture solution consists of high-efficiency fans that pull air through ultra-high surface area contactors where the surface geometry and embedded solid sorbent have been custom-designed to optimize the capture of CO2.

Carbon Dioxide Enhanced Oil Recovery Market Report 2024: CO2 EOR Emerges as a Sustainable Solution, Enhancing Recovery Rates and Prolonging the Economic Life Of Oil Reservoirs

Retrieved on: 
Wednesday, January 31, 2024

DUBLIN, Jan. 31, 2024 /PRNewswire/ -- The "Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 31, 2024 /PRNewswire/ -- The "Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.
  • World revenue for the Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market is forecast to surpass US$3.78 billion in 2024, with strong revenue growth through to 2034.
  • As conventional extraction methods face diminishing returns, CO2 EOR emerges as a sustainable solution, enhancing recovery rates and prolonging the economic life of oil reservoirs.
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising carbon dioxide (CO2) enhanced oil recovery (EOR) prices and recent developments.