Onboard Carbon Capture has Potential to Decarbonize Shipping: GCMD
The technology could reduce the vessel’s carbon dioxide emissions by 20 percent per year with a retrofitting cost of just under 10 percent.
ExxonMobil Secures 271K Acres in Texas for Offshore CO2 Capture
This strategic move strengthens the company’s commitment to reducing emissions and contributing to a sustainable energy future.
CC&C Secures Swift Patent Approval for Revolutionary Carbon Capture Technology
The patent covers a adsorptive material and system architecture that allows for efficient CO2 capture at under $100 per metric ton.
NITI Aayog Sets Up Committees to Tackle CCUS Challenges
These initiatives were the outcome of a two-day workshop on “Legal & Regulatory Frameworks and Technical Considerations for Carbon Capture Utilization and Storage (CCUS)” held from Aug. 22-23 at The Oberoi, New Delhi.
Petronas Inks Deal with ADNOC, Storegga to Assess Carbon Storage in Malaysia
The three companies have signed an agreement to assess the CO2 storage capabilities of saline aquifers and the construction of carbon capture and storage facilities in the Penyu basin, offshore Peninsular Malaysia.
Qantas, Rio Tinto, BHP to Invest $53M in Australian Carbon Credit Fund
The fund, managed by Silva Capital — a joint venture between Roc Partners and C6 Investment Management — aims to raise AU$250 million to generate and manage Australian Carbon Credit Units from reforestation initiatives.
Carbon Credit Systems Need a Digital Overhaul to Ensure Quality: Invest India CEO
The quality recently came under the spotlight when carbon credit verifiers were criticized for approving poor-quality offsets.
Carbon Pricing Generates Record $104B Revenues in 2023, Says World Bank
There’s been a positive rise in carbon pricing adoption, particularly among middle-income nations like Brazil, India, and Turkey.
Malaysia to Hold First Auction of Domestic Carbon Credits in July
The credits will come from the Kuamut Rainforest Conservation Project, a Sabah-based initiative protecting and restoring over 83,000 hectares of tropical rainforest.
Masdar, EGA form Alliance for Low-Carbon Aluminium
Masdar, Abu Dhabi’s Flagship Clean Energy Company, and Emirates Global Aluminium (EGA), the Largest ‘Premium Aluminium’ Producer in the World Forms Aluminium Decarbonization Alliance.