Carbon capture and sequestration

Stripe to Purchase Carbon Removal from CarbonBuilt

Retrieved on: 
Wednesday, May 26, 2021

Purchase agreement will accelerate adoption of CarbonBuilts technology that injects CO2 into concrete, storing it for good

Key Points: 
  • Purchase agreement will accelerate adoption of CarbonBuilts technology that injects CO2 into concrete, storing it for good
    LOS ANGELES, May 26, 2021 (GLOBE NEWSWIRE) -- CarbonBuilt announced it has entered into a Carbon Removal Purchase Agreement with Stripe , in which Stripe will pay CarbonBuilt $250,000 to sequester nearly 1,000 metric tons of CO2 from CarbonBuilts first commercial project.
  • The agreement is part of Stripes Negative Carbon Emissions Project which is catalyzing the removal and sequestration of carbon dioxide from the atmosphere.
  • We are honored to have been selected by Stripe Climate and its expert panel of advisors through this competitive process, said Rahul Shendure, CEO of CarbonBuilt.
  • Combined with CarbonBuilts best-in-class CO2 utilization economics and scalability, Reversa accelerates humanitys path towards economically-viable, gigatonne-scale carbon removal while delivering even larger emissions reductions.

IDTechEx Discuss If Direct Air Capture Can Really Help in the Fight Against Climate Change

Retrieved on: 
Wednesday, May 26, 2021

BOSTON, May 26, 2021 /PRNewswire/ -- Carbon capture technology may be essential in helping the world in the fight against climate change.

Key Points: 
  • BOSTON, May 26, 2021 /PRNewswire/ -- Carbon capture technology may be essential in helping the world in the fight against climate change.
  • Outside of bioenergy with carbon capture and storage (BECCS), which remains highly unproven, this is not possible with point source carbon capture.
  • A potential solution is direct air capture (DAC) technology, which uses carbon capture techniques to strip CO2 from atmospheric air.
  • The technology has generated much excitement around the world, with many hoping it could help to directly reverse the impacts of climate change.

IDTechEx Discuss If Direct Air Capture Can Really Help in the Fight Against Climate Change

Retrieved on: 
Wednesday, May 26, 2021

BOSTON, May 26, 2021 /PRNewswire/ -- Carbon capture technology may be essential in helping the world in the fight against climate change.

Key Points: 
  • BOSTON, May 26, 2021 /PRNewswire/ -- Carbon capture technology may be essential in helping the world in the fight against climate change.
  • Outside of bioenergy with carbon capture and storage (BECCS), which remains highly unproven, this is not possible with point source carbon capture.
  • A potential solution is direct air capture (DAC) technology, which uses carbon capture techniques to strip CO2 from atmospheric air.
  • The technology has generated much excitement around the world, with many hoping it could help to directly reverse the impacts of climate change.

Battelle and Catahoula Resources Forge Partnership to Accelerate Carbon Capture, Utilization and Storage

Retrieved on: 
Tuesday, May 25, 2021

Battelle and Catahoula Resources (Catahoula) will jointly develop solutions for the capture, transport and sequestration of carbon dioxide produced at ethanol facilities in Nebraska.

Key Points: 
  • Battelle and Catahoula Resources (Catahoula) will jointly develop solutions for the capture, transport and sequestration of carbon dioxide produced at ethanol facilities in Nebraska.
  • Catahoula and Battelle plan to design and build multiple low-cost storage options either onsite or close to existing ethanol plants where the geology proves to be favorable.
  • Battelle has a long history in geologic carbon sequestration and views it as a technology to make a real difference in mitigating CO2 emissions, said Matt Vaughan, Executive Vice President of Contract Research at Battelle.
  • The partnership between Battelle and Catahoula Resources to sequester carbon dioxide will create more opportunities for our ethanol industry by reducing its carbon footprint.

Climate Vault Launches With New Solution for Carbon Reductions, Spurs Innovation of Carbon Removal Technologies

Retrieved on: 
Monday, May 24, 2021

Climate Vaults mission is to significantly reduce CO2, one of the leading causes of climate change, while supporting the innovation in carbon removal technologies designed to eliminate historical CO2.

Key Points: 
  • Climate Vaults mission is to significantly reduce CO2, one of the leading causes of climate change, while supporting the innovation in carbon removal technologies designed to eliminate historical CO2.
  • In addition, Climate Vault will help create the worlds first ecosystem for carbon dioxide removal (CDR) technologies by providing grants that spur innovation in those technologies to help make them viable and cost effective.
  • To foster new and tangible carbon removal technologies, Climate Vault convened a Technology Experts Chamber to assess, evaluate, and measure impact.
  • Climate Vault offers an important way to facilitate greenhouse gas emissions reduction and innovation for legacy carbon dioxide removal from the atmosphere.

ADM Announces Successful Completion of One Million Metric Ton Carbon Capture and Storage Project

Retrieved on: 
Wednesday, May 19, 2021

b"ADM (NYSE: ADM) and the University of Illinois announced today the successful completion of the Illinois Basin - Decatur Project (IBDP), a carbon capture and storage (CCS) project designed to evaluate and test the technology at commercial scale.

Key Points: 
  • b"ADM (NYSE: ADM) and the University of Illinois announced today the successful completion of the Illinois Basin - Decatur Project (IBDP), a carbon capture and storage (CCS) project designed to evaluate and test the technology at commercial scale.
  • Simon Sandstone to accept and store one million metric tons of carbon dioxide over a period of three years, the equivalent of annual emissions from about 1.2 million passenger cars according to EPA calculations.
  • \xe2\x80\x9cThe Illinois Basin - Decatur Project shows how carbon capture and storage can play an important role in reducing these emissions.
  • I\xe2\x80\x99d like to thank ADM and the U of I for proactively taking on this project.\xe2\x80\x9d\nADM also began injection operations at a second CCS project, the Illinois Industrial Sources Carbon Capture and Storage Project, in Decatur in April 2017.

Kao Is Aiming to Reduce Its CO2 Emissions to Zero by 2040, and to Be Carbon Negative by 2050

Retrieved on: 
Wednesday, May 19, 2021

b"Kao Corporation (TOKYO:4452) has set new targets for realizing a decarbonized society and is aiming to reduce its carbon dioxide (CO2) emissions to zero by 2040, and become a carbon negative company by 2050.

Key Points: 
  • b"Kao Corporation (TOKYO:4452) has set new targets for realizing a decarbonized society and is aiming to reduce its carbon dioxide (CO2) emissions to zero by 2040, and become a carbon negative company by 2050.
  • Consequently, Kao is now seeking to upgrade the 2.0\xc2\xb0C target certification it was awarded by the Science Based Targets initiative (SBTi)*1 in 2019 to 1.5\xc2\xb0C.
  • This is a corporate pledge for businesses to set science-based targets aligned with limiting global temperature rise to 1.5\xc2\xb0C instead of 2.0\xc2\xb0C.
  • By implementing Innovation in Reduction and Innovation in Recycling with regards to CO2, Kao is aiming to achieve carbon zero by 2040, and carbon negative 2050 in its business activities.

Verde Resources Invests in Carbon Capture Development

Retrieved on: 
Friday, May 14, 2021

The waste stems from palm oil production and Verde Resources (OTCQB: VRDR) plans to use the waste by introducing carbon capture products.\n"Verde recognizes the wastefulness of the palm oil industry in Southeast Asia," said Balakrishnan, president of Verde Resources.

Key Points: 
  • The waste stems from palm oil production and Verde Resources (OTCQB: VRDR) plans to use the waste by introducing carbon capture products.\n"Verde recognizes the wastefulness of the palm oil industry in Southeast Asia," said Balakrishnan, president of Verde Resources.
  • Though we have already developed some exciting byproducts, we will continue to invest in research and development.
  • When added, it can improve soil pH & structure, reduces erosion, improves water retention, host microbes, and most importantly, sequestering carbon effectively.
  • The main solution laid out in the agreement is Carbon dioxide Capture & Storage (CCS), a crucial strategy for meeting CO2 emission reduction targets.

Fast Company Recognizes Recapture's Profitable Carbon Capture Model As A World Changing Idea in 2021

Retrieved on: 
Thursday, May 6, 2021

b'BUENOS AIRES, Argentina, May 6, 2021 /PRNewswire-PRWeb/ -- Fast Company recognized Recapture for the profitable carbon capture model the company pioneered in 2017.

Key Points: 
  • b'BUENOS AIRES, Argentina, May 6, 2021 /PRNewswire-PRWeb/ -- Fast Company recognized Recapture for the profitable carbon capture model the company pioneered in 2017.
  • "We want projects that have well-thought-out plans for how they\'ll create their impactand how they\'ll avoid potential negative externalities.
  • The company develops systems-designed carbon removal projects for emitters that remove 10 times more carbon dioxide (CO) than natural solutions on their own.
  • The company is accepting reservations in their flagship project located at Condor Valley in Salta, Argentina until July 15, 2021.

Aker Carbon Capture and SINTEF partner to advance carbon capture solutions

Retrieved on: 
Tuesday, May 4, 2021

b'OSLO, Norway, May 4, 2021 /PRNewswire/ -- Aker Carbon Capture and SINTEF have been instrumental players in Carbon Capture and Storage\'s journey from novel and sometimes controversial solution to a preferred way of reducing hard-to-abate emissions across several industries.

Key Points: 
  • b'OSLO, Norway, May 4, 2021 /PRNewswire/ -- Aker Carbon Capture and SINTEF have been instrumental players in Carbon Capture and Storage\'s journey from novel and sometimes controversial solution to a preferred way of reducing hard-to-abate emissions across several industries.
  • To further advance ongoing and future work the parties have entered a Memorandum of Understanding.\n"Rising interest in carbon capture as a solution to decarbonize industry has raised expectations for what the technology can deliver.
  • Together with SINTEF we will work to ensure that we can meet these expectations," said Valborg Lundegaard, Chief Executive Officer of Aker Carbon Capture.\n"CCS technology works and has been used for various purposes on a large scale for the past 20 years.
  • The NOK 317 million program was part-funded by Gassnova and the Aker company and was one of the biggest of its kind in the CCS industry.\n'