Tag: carbon storage

Stena Bulk, Swedish tanker shipping company, collaborated with Oil and Gas Climate Initiative (OGCI), energy group, in a feasibility study on carbon capture onboard ships while at sea.

During the UN Global Compact roundtable, Lloyd’s Register’s Director of Marine & Offshore, Nick Brown, told leaders from the maritime industry that land-based infrastructure is lagging behind the development of zero-carbon ships.

During the UN Global Compact roundtable, Lloyd’s Register’s Director of Marine & Offshore, Nick Brown, told leaders from the maritime industry that land-based infrastructure is lagging behind the development of zero-carbon ships.

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.