COP28: Oil and Gas titans commit to Net Zero, Methane goals

Around 50 oil and gas producers, including Saudi Aramco and 29 national oil companies, inked a pact aiming for carbon neutrality by 2050 and almost eliminating methane emissions by 2030. COP28 President Sultan al-Jaber highlighted these commitments as a proactive step in engaging with these companies during the negotiations. “If we want to accelerate progress […]

DNV grants ERMA FIRST Onboard Carbon Capture approval

ERMA FIRST, a leading sustainable maritime solutions provider, has received Approval in Principle (AiP) from DNV for its amine absorption-based Onboard Carbon Capture (OCC) system. The ERMA FIRST CCS system uses amine absorption technology and a proprietary amine solvent to absorb CO2 from flue gases. When heated, the chemical reaction that occurs reverses the absorption […]

Alcove launches Shopify integration to unify carbon credit inventory management and sales

Alcove, the leading carbon credit inventory management solution used by the top carbon credit project developers, released the Alcove application for the Shopify commerce platform. This fully integrated, carbon-specific application for the Shopify platform enables carbon credit project developers to seamlessly manage and sell credits generated by any type of carbon removal or avoidance project. […]

Stripe to enable businesses pre-order carbon removal tons

Stripe, a financial infrastructure platform for businesses, has launched Climate Orders, which makes it easy for any business to pre-order carbon removal tons via Frontier, an advance market commitment (AMC) cofounded by Stripe. “Climate Orders takes Frontier’s core expertise of finding, vetting, and contracting with the most promising carbon removal companies and makes it available […]

Commonwealth LNG partners with OnStream CO2 for CCS solution

Commonwealth LNG has entered into a Memorandum of Understanding (MOU) with OnStream CO2 LLC, a joint venture between Carbonvert Inc. and Castex Carbon Solutions, LLC, for a carbon capture and storage solution at Commonwealth’s 9.3 million tonnes per annum LNG facility under development in Cameron, Louisiana. Under the agreement, OnStream CO2 will design, construct, own, […]

Ionada secures investment from Archrock for carbon capture

Ionada, a pioneer in advanced carbon capture technology, achieves a significant milestone with the successful completion of the first closing of their Series A investment round with lead investor Archrock, an energy infrastructure company with a primary focus on natural gas compression, along with a group of marine and offshore industry investors. With this partnership, […]

Kenya Nut Company to spearhead carbon-free fertiliser production

Kenya Nut Company, a multi-national agricultural business, has partnered with TalusAg, a green ammonia technology company, to install the first commercial modular green ammonia system that enables cleaner, cheaper, and more reliable fertiliser production. Talus’s on-site, zero-carbon system produces ammonia, the building block of all mineral fertilisers, using just sun, water, and air. The company’s […]

Mumtalakat launches carbon offsetting platform 

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has launched its voluntary carbon offsetting platform, Safa, helping businesses and individuals better understand and manage their carbon footprint by contributing to exemplary climate initiatives. Commenting on the occasion, His Excellency Shaikh Abdulla bin Khalifa Al Khalifa, Chief Executive Officer of […]

Poten & Partners expands energy transition business into hydrogen, ammonia and methanol

Poten & Partners, a subsidiary of BGC Group, an integrated energy advisory, brokerage, and business intelligence company, launched a new advisory group supporting global Hydrogen, Ammonia and Methanol markets. Graham Hoar will lead the new team delivering strategic planning, commercial and technical analysis, project finance, M&A and dispute resolution support for these sectors. Prior to […]

RepAir demonstrates sustainable carbon removal at gigaton scale

RepAir, the pioneering Direct Air Capture (DAC) solution capturing more CO2 with less, has unveiled its field prototype, demonstrating the technical performance of its carbon capture solution in an operational environment for the first time. This unveiling marks the company’s achievement of Technology Readiness Level (TRL) 6, a significant step forward on the path to […]

Carbyon discovers breakthrough ultra-fast carbon capture process

Dutch Direct Air Capture (DAC) company Carbyon has successfully proven that their unique fast-swing process is able to capture CO2 using less than 2,500 kWh/ton. Carbyon was the world’s first to drastically reduce the CAPEX costs of DAC equipment using their fast-swing process. The company has now found the missing piece to also sufficiently lower […]

Alberta announces fresh grant programme for carbon capture

The Alberta government has unveiled a fresh initiative aimed at boosting investment in carbon capture, utilisation, and storage facilities (CCUS) within the province. Known as the Alberta Carbon Capture Incentive Programme (ACCIP), this initiative offers companies up to 12 percent of qualifying capital expenses for integrating CCUS into their ventures. This programme’s rollout hinges on […]

ZeroAvia announces completion of series C funding round

ZeroAvia has completed its Series C funding round at a total of $116m. The UK Infrastructure Bank joined the round as a cornerstone-level investor alongside co-leads Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund (NIF), with the Series C round set to accelerate the company’s journey to certification of its first engines and advance […]

VTT to test e-fuel developed from green hydrogen and CO2 

The E-fuel project of VTT and partners has developed a concept for producing electrofuel from green hydrogen and carbon dioxide using a combination of different methods. This paraffinic e-fuel is tested for the first time in Finland on a diesel-powered tractor at AGCO Power’s Linnavuori factory in Nokia. The new electrofuel is also suitable for […]

Unleashing technology to overcome barriers to sustainable transformation

In the race to combat the climate crisis, the upcoming COP28 stands as a crucial platform for global leaders to drive impactful change. Technology is an important method of effectively making strides when it comes to sustainability but there are some key barriers that are holding businesses back and slowing down meaningful change. Addressing these […]

IEA challenges Oil & Gas: rethink carbon capture for climate solutions

Ahead of COP28, the International Energy Agency (IEA) released a report urging oil and gas industries to move away from the belief that carbon capture resolves climate issues and to instead invest in clean energy solutions.  The ‘Oil and Gas Industry in Net Zero Transitions’ report maps a responsible path for the sector to positively […]

MHI and Orica to explore emissions reduction opportunities

Mitsubishi Heavy Industries Ltd. (MHI) and Orica have signed a Memorandum of Understanding to explore potential opportunities for collaboration on emission reduction initiatives, aligned with MHI and Orica’s shared decarbonisation ambitions. The collaboration will leverage MHI’s reputation for manufacturing excellence and innovation, as well as Orica’s existing presence and emerging opportunities in the global renewable […]

Carbon Trade eXchange to launch in India

CTX has partnered with SASA ENVIRO, a revered Chennai-based Environmental and Agricultural Solutions provider. This National Master Licensee will also operate a White Label version of the CTX platform to deliver an Indian operated, owned, and branded version of the world’s leading global Voluntary Carbon platform. This grants Indian buyers – Corporate, Brokers and institutions […]

Climeworks, Deep Sky to expand carbon removal in North America

Climeworks, a global leader in carbon dioxide removal (CDR) via direct air capture (DAC) technology, and Deep Sky, a Montreal-based CDR project developer, agreed to explore the development of large-scale direct air capture and storage (DAC+S) projects in Canada. Anchored by a non-exclusive Memorandum of Understanding (MoU), the partnership brings together the two companies under […]

Air Products to build Europe’s largest blue hydrogen plant

Air Products will build, own and operate a state-of-the-art carbon capture and carbon dioxide (CO2) treatment facility at its existing hydrogen production plant in Rotterdam, the Netherlands. The facility is expected to be on-stream in 2026, and the resulting “blue” hydrogen product to serve ExxonMobil’s (Esso) Rotterdam refinery and additional customers via Air Products’ hydrogen […]