Carbon dioxide

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

Retrieved on: 
Monday, February 26, 2024
Other Energy, Professional Services, Oil, Gas, Energy, Transportation, Travel, Other Transport, Chemicals, Plastics, Transport, Finance, Manufacturing, Logistics, Supply Chain Management, Oxygen, Carbon dioxide, Argon, Health, Growth, Electronics, Hydrogen, Food, Helium, TRP, Proskauer, Jefferies, Partnership

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: 
Thursday, February 22, 2024
Environment, Climate Change, Environmental Health, Utilities, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Carbon, Oxygen, Challenge, Carbon dioxide, Transport, Carbon monoxide, Water, Nitrogen, Adsorption, Process engineering, Stanford University, Applied Materials, Engineering, Humidity, CO2, CEI, Environmental remediation

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: 
Wednesday, February 21, 2024
REIT, Natural Resources, Other Construction & Property, Construction & Property, Forest Products, Carbon, CCS, Carbon dioxide, ExxonMobil, CO2, RYN

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: 
Wednesday, February 21, 2024
Carbon dioxide, Temperature, Internet of things, Smart thermostat, S40, Good, Organic compound, GOOD, Dave Lennox, HVACR

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: 
Wednesday, February 21, 2024
Carbon, DAC, Atmosphere, Carbon dioxide, Forecasting, Climate, Safety, Carbonate, ASTM, CO2, Recycling, Parity, Cement

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: 
Wednesday, February 21, 2024
Carbon, DAC, Atmosphere, Carbon dioxide, Forecasting, Climate, Safety, Carbonate, ASTM, CO2, Recycling, Parity, Cement

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: 
Monday, February 12, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Permian, Carbon, Carbon dioxide, Principal, Growth, University, Carbon capture and storage, CCS, Texas Tech University, Climate change, CO2, Electricity, Initiative, DOE, Laboratory, Research

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
Chemicals, Plastics, Other Energy, Environment, Manufacturing, Sustainability, Energy, Carbon, CE, Carbon dioxide, Acetic acid, Government, Fertilisation, Mitsui & Co., CO2, CCU, Methanol, Corporation, DOE, Acetyl group, Coal

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
Professional Services, Utilities, Alternative Energy, Energy, Patent Law, Other Manufacturing, Construction & Property, Environment, Green Technology, Engineering, Building Systems, Environmental, Social and Governance (ESG), Manufacturing, Carbon, Oxygen, Challenge, Carbon dioxide, Transport, Carbon monoxide, Gas, Water, Nitrogen, Adsorption, Process engineering, Stanford University, Applied Materials, Power, Patent, CO2, CEI, Renewable energy

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
Investment, BAU, Carbon dioxide, Lom, Electricity, GHG, Carbon, Renewable energy

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.