Carbon capture and storage

Pertamina turns to nature-based solutions to balance climate, energy

Retrieved on: 
Friday, November 11, 2022

JAKARTA, Nov 11, 2022 - (ACN Newswire) - State-owned energy company PT Pertamina has prepared some strategies to balance climate resilience and energy security, which include the development of nature-based solutions.

Key Points: 
  • JAKARTA, Nov 11, 2022 - (ACN Newswire) - State-owned energy company PT Pertamina has prepared some strategies to balance climate resilience and energy security, which include the development of nature-based solutions.
  • The decarbonization measures taken by the company have included pushing energy efficiency, zero-flare oil and gas activities, and carbon capture and utilization.
  • "Some other measures include increasing green electricity in Indonesia, building the electric vehicle ecosystem, and developing nature-based solutions," Muraza added.
  • However, synergy is needed between nature-based solutions and the energy sector, and both should go hand-in-hand.

Carbon Re raises £4.2m seed funding to tackle gigatonnes of emissions from the highly pollutive cement industry

Retrieved on: 
Monday, November 7, 2022

LONDON, Nov. 7, 2022 /PRNewswire/ -- Carbon Re, a climate tech company building state-of-the-art AI to decarbonize energy-intensive industries, has raised £4.2 million seed funding to scale up development and deployment of its novel technology. Their Delta Zero AI platform enables the highly pollutive cement industry to reduce over 50 kilotonnes of annual CO2 emissions per plant. Each installation of the software saves as much CO2 as taking 11,000 cars off the road.

Key Points: 
  • Their Delta Zero AI platform enables the highly pollutive cement industry to reduce over 50 kilotonnes of annual CO2 emissions per plant.
  • Carbon Re's platform, in contrast, is already reducing emissions today, cuts the cost of production, and requires no new equipment.
  • This latest funding round will enable us to accelerate our mission to reduce carbon emissions by gigatonnes every year."
  • Carbon Re is on a mission to reduce carbon emissions by gigatonnes every year through the use of AI technology.

Long list achievement of PLN enabling energy transition in Indonesia

Retrieved on: 
Wednesday, November 2, 2022

PLN prepared to lead energy transition in Indonesia by presenting roadmap towards Net Zero Emission 2060.

Key Points: 
  • PLN prepared to lead energy transition in Indonesia by presenting roadmap towards Net Zero Emission 2060.
  • In addition to early retirement, PLN has decreased the capacity of CFPP at Corporate plan (RUPTL) from 27 GW to 13.9 GW.
  • "Us, in PLN committed to support government's program to actualized clean energy.
  • Since 2021, PLN has delivered ~1.5 TWh of green energy to +230 stakeholders such as SOEs, Government, Business, and Industry players.

Jonathan Grammer to Speak on Carbon Capture to Texas Land & Mineral Owners on Nov. 18 in Austin

Retrieved on: 
Tuesday, November 1, 2022

Carbon Capture, will present on the issue of Carbon Capture and Storage to Texas land and mineral rights owners November the 18th in Austin, Texas.

Key Points: 
  • Carbon Capture, will present on the issue of Carbon Capture and Storage to Texas land and mineral rights owners November the 18th in Austin, Texas.
  • The presentation will be part of the 7th Annual Land and Mineral Owner's Symposium hosted by Austin law firm Graves, Dougherty, Hearon & Moody.
  • This moves the State of Texas closer to a state wide and commercially viable deployment of carbon capture and sequestration.
  • As such, it is a leading law firm in the State of Texas for representation of land and mineral owners.

DNV qualifies Aker Carbon Capture's Just Catch Offshore™: ready to cut emissions from oil and gas production

Retrieved on: 
Tuesday, October 25, 2022

It is now ready to be deployed in offshore oil and gas fields where Aker Carbon Capture's proprietary solution can significantly reduce emissions from offshore power generation.

Key Points: 
  • It is now ready to be deployed in offshore oil and gas fields where Aker Carbon Capture's proprietary solution can significantly reduce emissions from offshore power generation.
  • DNV has validated that Aker Carbon Capture's modular technology Just Catch Offshore can capture CO2 from flue gas stemming from turbines on floating offshore installations," said Jrg Aarnes, Global Lead, Hydrogen and CCS, Energy Systems at DNV.
  • Oil and gas production is a significant source of CO2 emissions.
  • CCS will be an important tool to help decarbonize the oil & gas industry, reducing emissions from gas turbines.

DNV qualifies Aker Carbon Capture's Just Catch Offshore™: ready to cut emissions from oil and gas production

Retrieved on: 
Tuesday, October 25, 2022

It is now ready to be deployed in offshore oil and gas fields where Aker Carbon Capture's proprietary solution can significantly reduce emissions from offshore power generation.

Key Points: 
  • It is now ready to be deployed in offshore oil and gas fields where Aker Carbon Capture's proprietary solution can significantly reduce emissions from offshore power generation.
  • DNV has validated that Aker Carbon Capture's modular technology Just Catch Offshore can capture CO2 from flue gas stemming from turbines on floating offshore installations," said Jrg Aarnes, Global Lead, Hydrogen and CCS, Energy Systems at DNV.
  • Oil and gas production is a significant source of CO2 emissions.
  • CCS will be an important tool to help decarbonize the oil & gas industry, reducing emissions from gas turbines.

GC Moves Toward Net Zero Target by Venture Capital Investment in ECONIC, Developer of Catalyst Technologies for Carbon-to-Value Creation for Sustainable Polymer Production

Retrieved on: 
Friday, September 9, 2022

This investment moves GC toward to state of art technology and innovation business for the future.

Key Points: 
  • This investment moves GC toward to state of art technology and innovation business for the future.
  • Recently, GC jointly invested in ECONIC, developer of catalyst technologies for carbon-to-value creation for sustainable polymer production from CO2with its advanced Carbon Capture and Utilization (CCU) innovation which will support GC to achieve the Net Zero target by 2050.
  • All of these are important factors that will allow GC to achieve our ambitious target of becoming a Net Zero company.
  • Aligned with the Paris Agreement, GC Group aims to reduce current greenhouse gas emissions for 20 percent by 2030 on our journey towards achieving Net Zero by 2050.

GC Moves Toward Net Zero Target by Venture Capital Investment in ECONIC, Developer of Catalyst Technologies for Carbon-to-Value Creation for Sustainable Polymer Production

Retrieved on: 
Friday, September 9, 2022

This investment moves GC toward to state of art technology and innovation business for the future.

Key Points: 
  • This investment moves GC toward to state of art technology and innovation business for the future.
  • Recently, GC jointly invested in ECONIC, developer of catalyst technologies for carbon-to-value creation for sustainable polymer production from CO2with its advanced Carbon Capture and Utilization (CCU) innovation which will support GC to achieve the Net Zero target by 2050.
  • All of these are important factors that will allow GC to achieve our ambitious target of becoming a Net Zero company.
  • Aligned with the Paris Agreement, GC Group aims to reduce current greenhouse gas emissions for 20 percent by 2030 on our journey towards achieving Net Zero by 2050.

EIG to Acquire 25% Of Repsol’s Entire Global Upstream Business in New Partnership

Retrieved on: 
Wednesday, September 7, 2022

EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into a definitive agreement with Repsol S.A. (Repsol) to acquire a 25% stake in Repsol Upstream, a newly-formed global exploration & production (E&P) company comprising Repsols entire global upstream oil and gas business.

Key Points: 
  • EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into a definitive agreement with Repsol S.A. (Repsol) to acquire a 25% stake in Repsol Upstream, a newly-formed global exploration & production (E&P) company comprising Repsols entire global upstream oil and gas business.
  • Repsol Upstream is a leading, gas-weighted global E&P company that will own and operate Repsols globally diversified portfolio of upstream assets, delivering cash generative and resilient operations around key regional hubs, with a focus on the United States.
  • Repsol Upstream also holds contingent resources of 3.8 billion barrels equivalent as at the same date.
  • The company also has a green exploration business targeting Carbon Capture and Storage (CCS), geothermal and hydrogen storage projects.

Global Carbon Capture and Storage Market to Reach US$4.9 Billion by the Year 2026

Retrieved on: 
Thursday, August 25, 2022

DUBLIN, Aug. 25, 2022 /PRNewswire/ -- The "Carbon Capture and Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Aug. 25, 2022 /PRNewswire/ -- The "Carbon Capture and Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • Amid the COVID-19 crisis, the global market for Carbon Capture and Storage estimated at US$3.2 Billion in the year 2022, is projected to reach a revised size of US$4.9 Billion by 2026, growing at a CAGR of 9.9% over the analysis period.
  • Carbon capture efforts are further favored by increasing focus of companies to investigate new use cases for captured carbon dioxide.
  • The U.S. Market is Estimated at $1.1 Billion in 2022, While China is Forecast to Reach $482 Million by 2026
    The Carbon Capture and Storage market in the U.S. is estimated at US$1.1 Billion in the year 2022.