CCUS

CCUS Capture Capacity to Reach 2.5 Gigatonnes Per Annum By 2045, Finds New IDTechEx Report

Retrieved on: 
Wednesday, July 10, 2024

IDTechEx forecasts that CCUS capture capacity will reach 2.5 gigatonnes per annum by 2045, according to the new IDTechEx report " Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players ".

Key Points: 
  • IDTechEx forecasts that CCUS capture capacity will reach 2.5 gigatonnes per annum by 2045, according to the new IDTechEx report " Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players ".
  • For CCUS to reach the levels necessary to meet net zero by 2050 targets, innovative new capture solutions will be required to reduce costs.
  • Alternative point source capture technologies, including emerging solvents, sorbents, membranes, cryogenic methods, and oxyfuel designs, are being developed in the search for lower capture costs.
  • IDTechEx analysis has indicated that profitable carbon capture is already possible for several sectors within the current regulatory landscape.

CCUS Capture Capacity to Reach 2.5 Gigatonnes Per Annum By 2045, Finds New IDTechEx Report

Retrieved on: 
Wednesday, July 10, 2024

IDTechEx forecasts that CCUS capture capacity will reach 2.5 gigatonnes per annum by 2045, according to the new IDTechEx report " Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players ".

Key Points: 
  • IDTechEx forecasts that CCUS capture capacity will reach 2.5 gigatonnes per annum by 2045, according to the new IDTechEx report " Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players ".
  • For CCUS to reach the levels necessary to meet net zero by 2050 targets, innovative new capture solutions will be required to reduce costs.
  • Alternative point source capture technologies, including emerging solvents, sorbents, membranes, cryogenic methods, and oxyfuel designs, are being developed in the search for lower capture costs.
  • IDTechEx analysis has indicated that profitable carbon capture is already possible for several sectors within the current regulatory landscape.

1PointFive Announces Agreement to Sell 500,000 Metric Tons of Direct Air Capture Carbon Removal Credits to Microsoft

Retrieved on: 
Tuesday, July 9, 2024

HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- 1PointFive , a carbon capture, utilization and sequestration (CCUS) company, today announced it has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy.

Key Points: 
  • HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- 1PointFive , a carbon capture, utilization and sequestration (CCUS) company, today announced it has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy.
  • The CDR credits for Microsoft will be enabled by STRATOS, 1PointFive’s first industrial-scale DAC facility currently under construction in Texas.
  • Direct Air Capture provides a transparent and durable way to address emissions on a large scale, particularly from hard-to-abate industries.
  • DAC plays an important role in Microsoft’s carbon removal portfolio supporting our broader goal of becoming carbon negative by 2030,” said Brian Marrs, Senior Director for Carbon Removal and Energy at Microsoft.

World-first Trial of New Technology to Recycle CO2 Emissions from Steel Production Begins at ArcelorMittal Gent, Belgium

Retrieved on: 
Monday, July 8, 2024

This is the first industrial testing of D-CRBN's plasma technology, making ArcelorMittal Gent the first steel plant in the world to trial the process, which has been designed to reduce CO2 emissions.

Key Points: 
  • This is the first industrial testing of D-CRBN's plasma technology, making ArcelorMittal Gent the first steel plant in the world to trial the process, which has been designed to reduce CO2 emissions.
  • Using renewable electricity, the plasma is used to break the carbon-oxygen bond, thereby converting CO2 into carbon monoxide.
  • Electrifying steel production is challenging, but D-CRBN's process, which recycles CO2 emissions back into CO, offers a cost-effective and scalable solution.
  • Members of the project team from ArcelorMittal, D-CRBN and Mitsubishi Heavy Industries recently visiting the pilot plant in Gent, Belgium

SLB and TotalEnergies Announce 10-Year Partnership to Collaborate on Next-Generation Digital Solutions

Retrieved on: 
Tuesday, July 2, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240701494323/en/
    SLB and TotalEnergies will combine digital and domain expertise to accelerate the development and deployment of digital solutions at scale.
  • (Photo: Business Wire)
    SLB (NYSE: SLB) and TotalEnergies (NYSE: TTE) today announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency.
  • SLB and TotalEnergies will combine digital and domain expertise to accelerate the development and deployment of digital solutions at scale.
  • “Through this digital partnership we will develop cutting-edge next-generation software, digital applications and new algorithms applied to geoscience.

MHI and EGAT sign MoU to Introduce Hydrogen Large Gas Turbine Co-firing Technology in Thailand to Achieve Net Zero Goals

Retrieved on: 
Wednesday, June 5, 2024

This MoU will kickstart with a hydrogen co-firing pilot project at one of EGAT's power plants in Thailand.

Key Points: 
  • This MoU will kickstart with a hydrogen co-firing pilot project at one of EGAT's power plants in Thailand.
  • EGAT and MHI, with support from MHI's power solutions brand Mitsubishi Power, aim to achieve a hydrogen co-firing ratio of 20% by EGAT's request.
  • As part of this earlier partnership, preliminary investigations of MHI's hydrogen co-firing technology using gas turbines at existing EGAT power plants were conducted.
  • Additionally, EGAT is developing a hydrogen supply chain management strategic plan, encompassing transportation, storage, and distribution of hydrogen in Thailand.

BKV Announces its First Sale of Revolutionary New Carbon-Neutral Natural Gas Product to Kiewit

Retrieved on: 
Thursday, June 27, 2024

CSG is a revolutionary, innovative, natural gas product that is Scope 1, 2 and 3 carbon-neutral, effectively mitigating the environmental impact of natural gas consumption.

Key Points: 
  • CSG is a revolutionary, innovative, natural gas product that is Scope 1, 2 and 3 carbon-neutral, effectively mitigating the environmental impact of natural gas consumption.
  • Under the gas purchase agreement, BKV will deliver CSG to Kiewit beginning this fall for a premium over Henry Hub price.
  • BKV Chief Executive Officer Chris Kalnin said, "We are thrilled to be able to provide this first-of-its-kind, carbon-neutral natural gas product to Kiewit.
  • If you would like to learn more about BKV's carbon sequestered natural gas offerings, please contact Brian Binford at [email protected] .

SCS Technologies Joins the Houston Energy Transition Initiative to Advance Global Energy Solutions for a Sustainable, Low-Carbon Future

Retrieved on: 
Tuesday, June 18, 2024

SCS Technologies (SCS), a leading provider of CO2 measurement systems, methane vapor recovery units and petroleum LACT units, today announced that it has joined the Houston Energy Transition Initiative (HETI), a Greater Houston Partnership program that brings together diverse leaders to innovate and develop solutions to meet the world’s energy needs while reducing carbon emissions.

Key Points: 
  • SCS Technologies (SCS), a leading provider of CO2 measurement systems, methane vapor recovery units and petroleum LACT units, today announced that it has joined the Houston Energy Transition Initiative (HETI), a Greater Houston Partnership program that brings together diverse leaders to innovate and develop solutions to meet the world’s energy needs while reducing carbon emissions.
  • “Houston has long been recognized as the energy capital of the world, and HETI’s mission is to sustain that legacy for the benefit of the region and the industry,” said Cody Johnson, CEO of SCS Technologies.
  • “The HETI team excels at uniting the many people and organizations who will be instrumental in the energy transition.
  • “A complex global network is essential to supply the multiple energy sources that sustain our modern way of life.

CORMETECH and Ozona Partner to Advance Carbon Capture and Sequestration

Retrieved on: 
Tuesday, June 18, 2024

CORMETECH Inc. (“CORMETECH”) and Ozona CCS LLC (“Ozona”) have entered into a Memorandum of Understanding (MOU) to collaboratively design, construct, and operate a full-scale carbon capture and sequestration (CCUS) system with integrated NOx reduction.

Key Points: 
  • CORMETECH Inc. (“CORMETECH”) and Ozona CCS LLC (“Ozona”) have entered into a Memorandum of Understanding (MOU) to collaboratively design, construct, and operate a full-scale carbon capture and sequestration (CCUS) system with integrated NOx reduction.
  • This system aims to capture, transport, and sequester CO₂ from flue gas generated by natural gas-powered engines.
  • This project aligns with Ozona’s long-term business strategy, emphasizing comprehensive solutions for CO₂ capture, transport, and sequestration.
  • This collaboration between CORMETECH and Ozona represents a significant step toward achieving profitable and sustainable CO₂ capture and sequestration.

Global Direct Air Capture and Storage Report 2024, Featuring Airhive, AspiraDAC, Carbofex, CarbonCapture, Climeworks, Holocene, 44.01, Mission Zero Technologies, Noya, Occidental Petroleum and Removr - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 18, 2024

The report discusses the advantages of DACCS as a CO2 removal strategy, including its scalability, flexibility in siting, and potential for integration with renewable energy sources.

Key Points: 
  • The report discusses the advantages of DACCS as a CO2 removal strategy, including its scalability, flexibility in siting, and potential for integration with renewable energy sources.
  • The report delves into the various CO2 capture and separation mechanisms employed in DACCS, including sorbent-based and solvent-based systems.
  • It also examines the different technologies used in DACCS, such as solid sorbents, liquid sorbents, and passive direct air capture (PDAC).
  • The report provides a detailed comparison of these technologies, highlighting their advantages, limitations, and potential for future development.