Tag Archives: carbon capture

UP Catalyst, FENC, and Oxylus Energy Win “Best CO2 Utilisation 2025” Award for Transformative Carbon Emission Technologies

(IN BRIEF) The “Best CO2 Utilisation 2025” Innovation Award has been presented to three innovators in the field of carbon capture and utilisation for their groundbreaking work in transforming CO2 emissions into valuable products. UP Catalyst’s technology for producing battery-grade … Read the full press release

Microsoft and CO280 Launch One of the Largest U.S. Carbon Removal Projects with AFRY’s Strategic Support

(IN BRIEF) AFRY has supported Microsoft in finalizing a major 12-year carbon removal offtake agreement with CO280 for ~3.7 million tonnes of biogenic CO₂ removal via a BECCS facility on the U.S. Gulf Coast. The project, one of the largest … Read the full press release

E-Methane Emerges as Key Player in Energy Transition, Says Study Commissioned by GasTerra and Gasunie

(IN BRIEF) A new study by Roland Berger, commissioned by GasTerra and Gasunie, highlights the potential of e-methane as a viable and infrastructure-ready solution to support the Netherlands’ energy transition. Produced from green hydrogen and CO₂, e-methane can be fed … Read the full press release

BBVA and Técnicas Reunidas Forge Alliance to Accelerate Decarbonization and Energy Transition Initiatives

(IN BRIEF) BBVA and Técnicas Reunidas have signed an MoU to foster collaboration in advancing decarbonization and energy transition initiatives. The agreement focuses on enhancing the business of Track, Técnicas Reunidas’ new division specializing in low-carbon technology projects, particularly in … Read the full press release

Skanska and Stockholm Exergi Join Forces to Build Pioneering Carbon Capture Facility in Stockholm

(IN BRIEF) Skanska has signed a SEK 990 million contract with Stockholm Exergi to undertake Phase 2 of the Beccs Stockholm facility project, which includes building the foundations and constructing a quay. The facility, situated in Energihamnen in Värtan near … Read the full press release

Green Financing Fuels Next-Gen Eco-Friendly Container Vessels for Sustainable Shipping

(IN BRIEF) KfW IPEX-Bank has provided EUR 35 million in financing for the construction of two environmentally friendly, 1,200 TEU container feeder ships for Langh Ship, a Finnish shipping company. The ships are equipped with a highly efficient two-stroke, slow-speed … Read the full press release

TotalEnergies, Equinor and Shell Drive Phase Two of Northern Lights: More than €660M Investment to Boost CO₂ Storage Beyond 5 Mt/Year

(IN BRIEF) TotalEnergies, Equinor, and Shell have confirmed phase two of the Northern Lights project, which will increase its CO₂ transport and storage capacity from 1.5 million to over 5 million tons per year by 2028. The project, which is … Read the full press release

Alfa Laval Strengthens Global Energy Portfolio with Strategic Acquisition of Fives Cryogenics

(IN BRIEF) Alfa Laval has announced a binding put-option agreement to acquire Fives Cryogenics from Fives Group for EUR 800 million on a cash and debt-free basis. Fives Cryogenics, based in France, is a leader in cryogenic heat transfer and … Read the full press release

Revolutionary CCU Breakthroughs Set New Course for Sustainable Industrial Transformation

(IN BRIEF) The CO₂-based Fuels and Chemicals Conference 2025 in Cologne will celebrate the innovative spirit of the CCU industry by presenting the “Best CO₂ Utilisation 2025” award to six groundbreaking technologies. The award highlights solutions that transform CO₂ into … Read the full press release

Shell and Brevik Engineering’s LCO₂ Carrier Design Earns DNV’s Nod for Maritime Innovation

(IN BRIEF) DNV has issued an approval in principle for a newly developed LCO₂ carrier design, a project undertaken by Shell and Brevik Engineering. The vessel design has been rigorously evaluated and is recognized for meeting the stringent safety, technical, … Read the full press release

Wood Selected to Provide Operations and Maintenance for World’s Largest Membrane-Based Carbon Capture Plant

(IN BRIEF) Wood has secured a contract to deliver operations and maintenance services for the MTR Carbon Capture facility in Gillette, Wyoming, the largest membrane-based carbon capture plant globally. This facility is part of the U.S. Department of Energy’s pilot … Read the full press release

Thyssenkrupp Secures Ninth Consecutive Top CDP Climate Rating for Leading Decarbonization Efforts

(IN BRIEF) Thyssenkrupp has achieved the highest rating in the prestigious CDP Climate Rating for the ninth year in a row, recognizing the company’s commitment to decarbonization and transparent emissions reporting. The company’s Decarbon Technologies segment, alongside efforts such as … Read the full press release

EIF Backs Nordic Climate-Tech Innovation with €34.6 Million Commitment to Course Corrected VC Fund II

(IN BRIEF) The European Investment Fund (EIF) has pledged €34.6 million to Course Corrected VC Fund II, a venture-capital fund dedicated to backing early-stage climate-tech companies in the Nordic region. This funding will help the fund reach its target size … Read the full press release

Equinor Reports Strong Q4 Results and Announces Up to USD 5 Billion Share Buy-Back for 2025

(IN BRIEF) Equinor reported strong financial results for Q4 2024, with adjusted operating income of USD 7.90 billion and net income of USD 2.00 billion. The company proposed a fourth-quarter dividend of USD 0.37 per share and announced a share … Read the full press release

Bilfinger Expands Engineering Workforce in Czech Republic with Acquisition of 200 McDermott Employees

(IN BRIEF) Bilfinger is expanding its engineering operations in the Czech Republic by integrating approximately 200 McDermott employees from the Brno office into its Bilfinger Engineering & Maintenance Central Eastern Europe (Bilfinger E&M CEE) division, effective December 31, 2024. This … Read the full press release

Toyota Expands Open Labs Program to Drive Startups in Sustainable Mobility Solutions

(IN BRIEF) Toyota Motor Europe has launched a second cohort of the Toyota Open Labs initiative, aiming to connect startups with Toyota’s business units to foster innovations in sustainable mobility. The program focuses on six key areas, including BEV energy … Read the full press release

DNV Supports European Commission in Updating Carbon Capture and Storage Guidance Documents

(IN BRIEF) DNV has supported the European Commission in updating guidance documents on geological carbon storage (CCS) under the CCS Directive to streamline permitting procedures and enhance sustainable CO2 storage in the European Economic Area (EEA). The updates integrate the … Read the full press release

Zurich and Aon Launch Comprehensive Insurance Facility to Accelerate Global Hydrogen Projects

(IN BRIEF) Zurich Insurance Group and Aon have launched a comprehensive insurance facility to support blue and green hydrogen projects globally, with coverage for projects up to USD 250 million. This initiative, led by Zurich and brokered exclusively by Aon, … Read the full press release

ANDRITZ Expands Carbon Capture Portfolio with CATACARB® Technology Partnership

(IN BRIEF) International technology group ANDRITZ has broadened its carbon capture technology offerings by entering a licensing agreement with US-based Eickmeyer & Associates, Inc., to utilize their hot potassium carbonate (HPC) technology known as CATACARB®. This collaboration enhances ANDRITZ’s ability … Read the full press release

Atlas Copco Group Expands Sustainability Portfolio with Acquisition of Houston-based Zahroof Valves Inc.

(IN BRIEF) Atlas Copco Group has acquired Zahroof Valves Inc., a company specializing in reciprocating compression valve technology based in Houston, Texas. Zahroof Valves’ innovative technology is renowned for reducing emissions and enhancing energy efficiency in the oil and gas … Read the full press release