Subsurface Technologies, Inc.’s (STI) Agua Freed® and Agua Gard® well rehabilitation and maintenance technologies have been validated as effective CCUS solutions. A peer-reviewed study in Scientific Reports highlights their potential to significantly reduce carbon emissions by capturing and storing millions of tons of CO2 annually. The innovative use of CO2 in place of harmful chemicals makes these technologies a valuable asset in achieving net-zero emissions goals.
Honeywell and SAMSUNG E&A have joined forces to offer a carbon capture solution for power plants globally. This collaboration aims to reduce emissions, support the energy transition, and meet growing environmental goals.
The Department of Energy has announced a $1.559 billion loan commitment to Wabash Valley Resources (WVR), supporting the construction of a revolutionary low-carbon anhydrous ammonia fertilizer production facility in Indiana. This project is expected to significantly increase domestic fertilizer supply, create thousands of jobs, and revitalize a struggling coal community, while also reducing carbon emissions.
Scientists have discovered a new category of wood, dubbed ‘midwood,’ that could significantly impact our understanding of carbon capture and climate change. This discovery, based on the unique structure of the tulip tree, reveals a third category of wood beyond traditional softwoods and hardwoods, with implications for combating rising CO2 levels.
Occidental Petroleum’s subsidiary, 1PointFive, has been awarded a $500 million grant from the U.S. Department of Energy to develop a massive direct air capture (DAC) facility in South Texas. The facility aims to remove millions of tons of CO2 annually, showcasing the potential of DAC technology in combating climate change.
Gevo, Inc. (GEVO) announced the acquisition of Red Trail Energy’s ethanol production plant and carbon capture and sequestration (CCS) assets for $210 million, boosting its sustainable aviation fuel (SAF) production capabilities and accelerating its net-zero goals. The acquisition brings immediate financial benefits and positions Gevo for future growth in the renewable energy sector.
Shell and ENI have led an investment round for Mantel Capture, a company developing a novel method for capturing carbon dioxide emissions using molten salts. This technology could potentially revolutionize carbon capture for industries like refineries and factories, offering a cost-effective solution to reduce emissions.
SLB, a leading oilfield service provider, has introduced a new well integrity assessment solution aimed at advancing carbon capture technology and supporting the creation of a low-carbon energy ecosystem. This solution addresses the risks associated with wells in former drilling sites, which are often used for carbon storage, by quantifying the probability and effects of potential carbon leakage. SLB’s methodology helps carbon storage developers evaluate risks, mitigate potential issues, and ensure the long-term viability of these projects.
Carbon Upcycling, a leader in decarbonization and carbon capture & utilization technology, has joined the Portland Cement Association (PCA) to advance sustainability in the cement industry. This partnership aims to develop and implement technologies that significantly reduce carbon emissions in cement production and drive the adoption of new standards for a low-carbon future.
The Indian government is set to launch a policy framework for carbon capture, utilization, and storage (CCUS) initiatives. This initiative aims to reduce carbon emissions, particularly from industries like power generation and manufacturing, and promote the use of captured carbon dioxide for various purposes. The policy will designate the power ministry as the nodal agency and establish a national portal to connect stakeholders.
