C-Crete advances cement-free carbon-negative concrete product with $2M DOE boost
C-Crete Technologies is developing a method for using carbon dioxide captured at industrial sources or from the air as an ingredient in its cement-free concrete. This progress has been significantly accelerated through a generous $2 million grant from the US Department of Energy. The DOE funding will help propel C-Crete’s already eco-friendly product into the […]
Albemarle and Caterpillar: pioneering zero-emissions lithium mine
Albemarle Corporation, a global leader in essential elements for mobility, energy, connectivity, and health, has entered into agreements with Caterpillar Inc. to jointly develop solutions that support the entire circular battery value chain and promote sustainable mining operations. This collaboration is aimed at bolstering Albemarle’s initiative to transform Kings Mountain, N.C. into the first zero-emissions […]
Saudi’s oil giant announces first global liquified natural gas deal
Saudi Aramco announced its first global investment in liquefied natural gas, part of a broader bid by the energy giant to expand beyond oil. The company will acquire a minority stake worth $500 million in MidOcean Energy, which is managed by the US investment firm EIG. “We anticipate strong demand-led growth for LNG as the […]
Petrobras and Vale to seek joint renewable investments
Vale has entered into a protocol of intent with Petrobras, one of the world’s largest oil and gas producers, aimed at jointly exploring low-carbon solutions. The collaboration could see the two evaluating decarbonisation opportunities, such as the development of sustainable fuels (hydrogen, green methanol, biobunkers, green ammonia, and renewable diesel), as well as carbon capture […]
Norway’s wealth fund challenges Big Oil on climate transition
Norway’s sovereign wealth fund, a major global investor, criticises Big Oil’s transition efforts as carbon emissions continue to rise. Carine Smith Ihenacho, the Chief Governance and Compliance Officer at Norges Bank Investment Management, states that the oil and gas industry is falling short in emissions reduction, and global emissions are still on the rise. This […]
India’s quest for net zero carbon emissions: not credible by 2050?, Rajat Verma comments
To reach its 2050 net-zero carbon emissions goal, India might require an investment of up to $7 trillion, a target that appears more achievable by 2070, says Rajat Verma, Founder & CEO of battery recycling company LOHUM. Verma estimates that this transition necessitates an annual investment of approximately $300 billion, a significant increase from India’s […]
InterContinental Energy to accelerate renewables projects with GIC and Hy24 investments
InterContinental Energy, a green hydrogen provider, has announced its next phase of growth following continued strategic equity investment from GIC, a leading global institutional investor, and a new investment from Hy24, the world’s largest clean hydrogen pureplay investor, totalling US$ 115 million in equity investment. The injection of new capital will contribute towards the company’s […]
Honeywell partners with SK E&S to deploy carbon capture technology
Honeywell has collaborated with SK E&S, an affiliate of Korean conglomerate SK Group, to implement Honeywell carbon capture technology to help enable SK to accelerate the energy transition in Korea and other parts of Southeast Asia. The collaboration involves the implementation of Honeywell UOP’s Advanced Solvent Carbon Capture (ASCC) system at an SK E&S natural […]
MAS and McKinsey investigate carbon credits to phaseout Asia’s coal power plants
The Monetary Authority of Singapore (MAS) and McKinsey & Company jointly published a working paper setting out how high-integrity carbon credits can be utilised as a complementary financing instrument to accelerate and scale the early retirement of coal-fired power plants (CFPPs). The paper explores the conditions for generating such carbon credits, and identifies what is […]
Deep Sky and Mission Zero to deploy DAC tech in Canada
Montreal’s Deep Sky, a carbon removal project developer, is teaming up with London-based Mission Zero Technologies, a trailblazer in high-efficiency Direct Air Capture (DAC) technology, to establish DAC facilities in Canada. The collaboration kicks off with a groundbreaking first-of-a-kind (FOAK) demonstration of the technology, capable of capturing 250 tons of CO₂ annually. The ultimate objective […]
GTI to reduce carbon footprint through partnership with O2 power
Gateway Terminals India, also known as APM Terminals Mumbai took a significant step to further reduce its carbon emissions through a collaboration with O2 power to supply renewable electricity. The terminal has signed an agreement with O2 power to setup a captive solar power plant. The plant has a capacity to generate 22 million kWh […]
Indonesia launches carbon exchange to accelerate emission reduction
The Indonesia Stock Exchange (IDX) has launched a carbon trading platform as part of the country’s efforts to incentivise emissions reduction. The IDX was appointed by the Financial Services Authority (OJK) to oversee Indonesia’s carbon trading market, following the passage of an omnibus law on the financial sector that includes mandatory carbon trading for coal […]
ICE to launch CORSIA carbon credit futures market to manage emissions
Intercontinental Exchange, a leading global provider of data, technology, and market infrastructure, plans to launch a physically delivered futures contract for carbon credits which the International Civil Aviation Organisation (ICAO) considers eligible for use by the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). CORSIA is the first global market-based carbon credit scheme, targeted […]
Cyprus shapes up Europe’s first hydrogen valley
A consortium comprising 27 companies from various countries, including Greece, the Netherlands, Lebanon, and Roumania, is embarking on a groundbreaking endeavour to establish Europe’s inaugural “Hydrogen Valley.” This ambitious project is poised to transform the region’s energy landscape, with a strong emphasis on the production of green hydrogen. Green hydrogen, produced using renewable energy sources, […]
Greenwashing concerns emerge in global carbon offset projects
Researchers have uncovered alarming greenwashing practises within carbon offset projects, with approximately a quarter of these initiatives susceptible to false claims. A recent study led by UC Berkeley Carbon Trading Project, supported by Carbo Market Watch, investigated rainforest carbon credits certified by Verra, a leading non-profit organisation responsible for environmental and social standards, including prominent […]
Dimeta and Rinnai forge alliance to decarbonise LPG market
Dimeta, a global joint venture dedicated to advancing renewable and recycled carbon Dimethyl Ether (DME) production and usage, has announced the signing of a Memorandum of Understanding (MoU) with Rinnai, a worldwide gas appliance manufacturer and distributor. Their goal is to explore methods for decarbonising the LPG market in Europe by leveraging DME. Renewable and […]
Fortescue abandons carbon offsets to fuel ambitious decarbonisation plan
Iron ore giant and renewable energy pioneer Fortescue has announced its decision to cease purchasing carbon offsets starting this fiscal year. Fortescue has redirected all funds previously allocated for carbon offsets toward its decarbonisation strategy, aiming to achieve Real Zero by 2030. This shift represents a significant financial commitment, equivalent to several hundred million dollars […]
KUKVC and CMAI to advance carbon finance for sustainable agriculture
The Carbon Markets Association of India (CMAI) has formally inked a Memorandum of Understanding with the non-profit organisation, Krishi Udyami Krishak Vikas Chamber (KUKVC) with a particular focus on promoting organic farming and integrating carbon credit revenue into farmers’ income streams. This initiative aims to improve the livelihoods of farmers while contributing to environmental sustainability. […]
Carbon Streaming partners with Microsoft for biochar carbon removal
Carbon Streaming Corporation is set to supply Microsoft with carbon removal credits from the Waverly Biochar project located in Waverly, Virginia. Anticipated to yield up to 10,000 tonnes of carbon dioxide removal credits annually, this initiative aligns with Microsoft’s commitment to achieving carbon negativity. “We are delighted to be working with Microsoft to provide them […]
First large-scale onshore nodal CCS exploration projects kick off in Brazil
STRYDE, a global leader in seismic acquisition technology and solutions, has supplied geoscience and technology pioneer, Explor with 26,370 STRYDE Nodes™ to enable a series of carbon capture and storage (CCS) projects to support carbon-negative bioenergy in Brazil. The projects mark the first time that STRYDE has seen its seismic sensor technology used in Brazil. […]
Carbonvert-Castex JV to offshore carbon storage hub in Louisiana
Carbonvert and Castex Energy, through its wholly owned subsidiary, Castex Carbon Solutions, are executing an operating agreement with the State of Louisiana to develop a 24,000 acre tract of land situated in State waters, offshore Cameron Parish, to permanently store carbon dioxide (“CO₂”). Castex’s decades-long operational, commercial and subsurface experience, combined with Carbonvert’s specialised expertise […]
