Carbon dioxide

ANA Announces Carbon Dioxide Removal Purchase from 1PointFive

Retrieved on: 
Tuesday, August 1, 2023

ANA has become the first airline in the world to sign a purchase agreement with 1PointFive for carbon dioxide removal (CDR) credits enabled by Direct Air Capture.

Key Points: 
  • ANA has become the first airline in the world to sign a purchase agreement with 1PointFive for carbon dioxide removal (CDR) credits enabled by Direct Air Capture.
  • This purchase aims to further diversify the ANA Group’s decarbonization methods to achieve carbon neutrality by 2050.
  • ANA becomes the first airline in the world to sign a purchase agreement with 1PointFive, further strengthening its commitment to achieve carbon neutrality by 2050.
  • “We are proud that 1PointFive is able to support a leading airline like ANA in their purchase of our high-quality carbon removal credits to advance their climate strategy.

Verde Clean Fuels Announces Carbon Capture Agreement for Renewable Gasoline Plant in California

Retrieved on: 
Tuesday, August 1, 2023

Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).

Key Points: 
  • Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).
  • Under the terms of the agreement, Verde will construct a new renewable gasoline production facility at CRC’s existing Net Zero Industrial Park in Kern County, California.
  • “This new agreement between CTV JV and Verde Clean Fuels provides an innovative approach to renewable fuels at the heart of energy development in the state, and further validates CRC’s decarbonization efforts by a publicly traded company looking to expand in California.”
    The renewable gasoline facility will employ Verde proprietary and innovative liquid fuels technology to convert synthetic gas (syngas) into renewable gasoline.
  • ( www.inentec.com ) The project is expected to produce approximately 7 million gallons per year of renewable gasoline for use as transportation fuel.

Occidental and ADNOC to Evaluate Carbon Management Projects in the United States and United Arab Emirates to Accelerate Net Zero Goals

Retrieved on: 
Tuesday, August 1, 2023

Under the terms of the Memorandum of Understanding (MOU), ADNOC may evaluate participation in DAC plants and CO2 sequestration hubs under development in the United States by Occidental subsidiary, 1PointFive.

Key Points: 
  • Under the terms of the Memorandum of Understanding (MOU), ADNOC may evaluate participation in DAC plants and CO2 sequestration hubs under development in the United States by Occidental subsidiary, 1PointFive.
  • Through the collaboration, the companies will also consider opportunities to incorporate innovative CO2-based technologies into the UAE.
  • This includes technologies in which Occidental has made investments, such as emissions-free power and sustainable fuels.
  • “ADNOC’s is a pioneer in carbon management, exemplified by our industry leading low-carbon intensity and our operation of Al Reyadah, the region’s first commercial scale carbon capture facility.

Carbon TerraVault Provides Second Quarter 2023 Update

Retrieved on: 
Monday, July 31, 2023

CRC also more than doubled the expected sequestration volume of its previously announced Lone Cypress Energy Services, LLC, (Lone Cypress) blue hydrogen project.

Key Points: 
  • CRC also more than doubled the expected sequestration volume of its previously announced Lone Cypress Energy Services, LLC, (Lone Cypress) blue hydrogen project.
  • “The Carbon TerraVault team continued to make substantial progress through the first half of the year, with four administratively complete EPA Class VI permit applications and 191 million metric tons (MMT) of CO2 storage capacity submitted to EPA for Class VI permits to date.
  • The project is expected to produce more than 7.5 million gallons per year of renewable gasoline for use as transportation fuel.
  • The CDMA provides a path for the parties to reach final definitive documents and FID

SAUDIA Fleet Expands to Include New A321neo Aircraft

Retrieved on: 
Monday, July 31, 2023

This feeds into SAUDIA's expansion plans as the airline aims to add 20 more A321neo aircrafts to its fleet by 2026.

Key Points: 
  • This feeds into SAUDIA's expansion plans as the airline aims to add 20 more A321neo aircrafts to its fleet by 2026.
  • The A321neo aircraft is a narrow-body airliner part of the A320 family, the world's most popular single-aisle aircraft family and airlines' preferred choice with airlines around the world due to its reputation for high performance and superior comfort.
  • Captain Ibrahim Koshy, SAUDIA CEO, said, "We are excited to expand our fleet with the new Airbus A321neo aircraft.
  • By working with Airbus and expanding its fleet, SAUDIA is working towards its goals of becoming an industry-leading airline.

Occidental Selects AWS as Its Preferred Cloud Provider

Retrieved on: 
Thursday, July 27, 2023

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Occidental (NYSE: OXY), an international energy company and carbon management leader, has selected AWS as its preferred cloud provider to drive its digital transformation.

Key Points: 
  • Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Occidental (NYSE: OXY), an international energy company and carbon management leader, has selected AWS as its preferred cloud provider to drive its digital transformation.
  • Occidental will move its production systems and applications, analytics tools, and workflows to AWS to gain a more flexible, scalable, and secure IT infrastructure.
  • Leveraging AWS analytics and machine learning will help Occidental gain greater insights and automate processes.
  • “AWS is helping Occidental digitally transform our operations, and together we are using innovative cloud solutions to drive energy efficiencies and decarbonize the atmosphere,” said Yanni Charalambous, vice president and chief information officer at Occidental.

Innodisk Introduces Industrial Air Sensor Module Solution to Add Value to Edge AI Application

Retrieved on: 
Tuesday, July 25, 2023

TAIPEI, July 25, 2023 /PRNewswire/ -- Innodisk, a leading global AI solution provider, is taking proactive strides into edge AI.

Key Points: 
  • TAIPEI, July 25, 2023 /PRNewswire/ -- Innodisk, a leading global AI solution provider, is taking proactive strides into edge AI.
  • It has launched a new industrial air sensor module solution with its subsidiary, Sysinno, featuring accurate sensing, easy implementation, and minimal computing power.
  • With its unique algorithm and adoption of original sensor heads from world-leading brands, the modules ensure accurate and reliable sensing values.
  • It offers a comprehensive and reliable solution to improve air quality and contribute to a healthier and more sustainable future.

Refrigerants Market worth $9.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, July 21, 2023

Based on their chemical composition, the commonly used refrigerants are HCFCs, HFCs, HFOs, HCs, ammonia, carbon dioxide, and water.

Key Points: 
  • Based on their chemical composition, the commonly used refrigerants are HCFCs, HFCs, HFOs, HCs, ammonia, carbon dioxide, and water.
  • In general, refrigerants find application in domestic, commercial, and industrial refrigeration; chillers; window, split, variable refrigerant flow, and other types of air conditioning systems; and mobile air conditioning.
  • HFC & Blends segment to account for larger share in refrigerants market, in 2022.
  • As this market is highly regulated, fluorocarbon refrigerants are expected to decline in their market share.

Refrigerants Market worth $9.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, July 21, 2023

Based on their chemical composition, the commonly used refrigerants are HCFCs, HFCs, HFOs, HCs, ammonia, carbon dioxide, and water.

Key Points: 
  • Based on their chemical composition, the commonly used refrigerants are HCFCs, HFCs, HFOs, HCs, ammonia, carbon dioxide, and water.
  • In general, refrigerants find application in domestic, commercial, and industrial refrigeration; chillers; window, split, variable refrigerant flow, and other types of air conditioning systems; and mobile air conditioning.
  • HFC & Blends segment to account for larger share in refrigerants market, in 2022.
  • As this market is highly regulated, fluorocarbon refrigerants are expected to decline in their market share.

Verde's Products Remove Carbon Dioxide From the Air

Retrieved on: 
Wednesday, July 19, 2023

The carbon dioxide (“CO2”) capture is inherent to the Products and is estimated at 120kg per tonne.

Key Points: 
  • The carbon dioxide (“CO2”) capture is inherent to the Products and is estimated at 120kg per tonne.
  • To evaluate Verde's Products, the Company engaged Professor David Manning Ph.D., who is a leading expert in ERW.
  • We are now devoting significant energy and resources to the Life Cycle Analysis, which will determine our products' carbon footprint - if there is any and how best to pursue monetization from potential carbon credits.
  • The Company will also determine how its Products can meet the requirements necessary to generate carbon credits.