Tag Archives: carbon capture

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

Austrian Industry Giants Spearhead Carbon-Based Value Chain Transformation

(IN BRIEF) Austrian companies Holcim, Verbund, OMV, and Borealis have wrapped up the C2PAT demonstration plant project, aiming to produce carbon-based products from unavoidable CO2 emissions. Instead of a joint pilot plant, each company plans to develop industrially upscaled plants … Read the full press release

Ørsted’s Innovative Approach to Surplus Heat: A Win for Green District Heating

(IN BRIEF) Ørsted, a leading renewable energy company, has teamed up with Danish district heating providers VEKS and CTR to utilize surplus heat generated by a carbon capture plant at Avedøre Power Station. This surplus heat will be used to … Read the full press release

Carbon Capture Partnership: ABB and Imperial College’s 10-Year Vision

(IN BRIEF) ABB and Imperial College London have extended their partnership for a decade to operate a unique carbon capture pilot plant. Located at Imperial College, this plant provides hands-on training to thousands of students, showcasing ABB’s advanced technology solutions. … Read the full press release

Heidelberg Materials Initiates Carbon Capture Pilot in Bulgaria, Advancing CCUS in Eastern Europe

(IN BRIEF) Heidelberg Materials has begun construction on a pilot carbon capture installation named ANRAV.beta at its plant in Devnya, Bulgaria. This pilot unit is a significant step towards the company’s larger ANRAV project in Bulgaria, the first full-chain carbon … Read the full press release

Sener Designs Eco-Friendly Cargo Vessels with Carbon Capture for Grona Shipping

(IN BRIEF) Engineering firm Sener has developed the conceptual and basic engineering for two cargo vessels with carbon capture systems designed for Grona Shipping, a German company operating in the North Sea and Baltic Sea. These vessels, with capacities of … Read the full press release