Tag: carbon storage

Without a doubt Earth is at a critical point. With emissions rising year by year, the problem of climate change is getting worse. On the brightside? More innovative solutions are emerging. One of them seems very promising. Its name is: Carbon Capture and Storage (CCS). While this method is not being used widespread today, it has the potential to be a great tool in achieving our climate goals.

Three international organizations specializing in technology research, testing, advisory services, and standardization collaborate to find new ways to accelerate the adoption of carbon capture, utilization and storage (CCUS) technology in emissions-heavy industries. 

Port of Antwerp announced that two applications for EU funding to carry out studies for a liquid CO2 Export Terminal, a CO2 backbone within the Port of Antwerp and a CO2 cross border pipeline to connect to the Netherlands, were approved.

The European Commission has proposed awarding 102 million euros in funding to the Porthos project. The Porthos project regards the capture and storage of CO2 in the North Sea floor.

A sharp increase in the deployment of carbon capture, utilization and storage (CCUS) technology is needed worldwide if countries want to meet net-zero emissions targets and slow climate change in line with Paris Agreement, IEA said on Thursday.

Following two long and costly decades of carbon capture and storage (CCS) studies and test centers, Europe has now reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035, a new analysis by Norwegian consultant Rystad Energy shows.

ESA approved a Norwegian Full-Scale Carbon Capture and Storage project. The support include an up to €2.1bn in aid to meet climate goals.

Gothenburg and Sweden could be the first in the world to create a joint infrastructure for the transport of liquefied carbon dioxide extracted using CCS technology.

A consortium of Belgian and Dutch companies including the LNG player Fluxys is taking the first step towards CO2 capture and storage, to reduce CO2 emissions in North Sea Port, the Belgian-Dutch area covering the port of Ghent in Belgium and the ports of Terneuzen and Vlissingen in the Netherlands.

The oil major players, Equinor, Shell and Total recently shake their hands and agreed to invest in Norway's first exploitation licence for CO₂ storage, called as "Northern Lights project".