Carbon Removal Weekly Roundup - Feb 10-16
These are 13 out of the 41 news stories on Carbon Removal that we published in the past week. You can subscribe on Telborg to get everything, as soon as published.
CarbonCapture Inc. Partners with DOE for DAC Hub in Louisiana
(February 14)
US-based CarbonCapture Inc. announced a $10 million contract with the U.S. Department of Energy for their TA-2 Northwest Louisiana DAC Hub. This project emphasizes carbon capture technology and integrates sustainable aviation fuel development, leveraging Louisiana's existing CCS infrastructure. The initiative aims to create a 200,000-ton capture facility and advance the state's capacity for carbon innovation and job creation.
Carbon Countdown: The Role of Decarbonization in S&P 500's Energy Transition
(February 14)
The S&P 500 demonstrated a significant decarbonization, showing a 73.9% decrease in its weighted average carbon intensity over 20 years. This change highlights the growing adoption of renewable energy sources while reducing fossil fuel consumption. Renewable energy's role in S&P 500's energy mix has more than doubled over the past decade, indicating a shift towards cleaner energy and innovative market responses to economic conditions.
Hamilton Locke advises Australian Soil Management on acquisition partnership with Climate Friendly
(February 14)
Australia-based Australian Soil Management (ASM) has formed an acquisition partnership with Climate Friendly, a leading carbon project service provider. This milestone represents a significant development in the carbon sequestration ecosystem as both entities work together to enhance their market presence in light of the evolving Australian Carbon Credit Unit (ACCU) methodology. Hamilton Locke provided expert advisory services throughout the transaction, facilitating strategic integration of their expertise and project pipelines.
Bloom Energy and Chart Industries Partner for Carbon Capture Solutions
(February 13)
US-based Bloom Energy and Chart Industries announced a carbon capture partnership to generate near zero-carbon power using natural gas and fuel cells. The collaboration aims to provide cost-effective onsite baseload power while significantly reducing carbon emissions. The companies target energy-intensive industries such as data centers and large manufacturers, with moving towards scalable and reliable energy solutions.
New Tools for Estimating GHG Emissions in NbS Projects
(February 13)
The Global Carbon Council (GCC) has released two new Nature-based Solutions (NbS) tools to estimate GHG emissions and carbon stocks, aiding project developers. The tools, focusing on non-CO2 emissions from biomass burning and carbon stocks in dead wood and litter, conform to the latest IPCC guidelines. These advancements enhance the standardization and accuracy of emissions estimation in NbS projects, critical for project funding and climate mitigation goals.
TGS and deepC Store Partner on Carbon Storage Assessment in Australia
(February 13)
Australia-based TGS has entered into an agreement with deepC Store to carry out subsurface well location planning, storage resource verification, and evaluation for carbon storage in the G-14-AP permit area in the Browse Basin. This assessment will occur throughout 2025, with an estimated CO2 storage potential of approximately 1 gigatonne. This initiative accelerates carbon capture and storage (CCS) efforts in the Asia Pacific region, supporting commitments to reduce carbon emissions and enhance sustainable energy solutions.
IATA and 123Carbon to Collaborate on Interoperability for SAF Registries
(February 13)
Geneva-based IATA and 123Carbon announced a strategic collaboration to develop interoperability between their Sustainable Aviation Fuel (SAF) registries. The initiative aims to enhance transparency in emissions reporting, prevent double issuance, and streamline certificate management across SAF registries. The IATA SAF Registry, set to launch in April 2025, will standardize the market for SAF certificates, backed by over 50 organizations in the aviation sector.
International Air Transport Association (IATA)
Green Carbon launches rice paddy carbon credit project in the Philippines
(February 13)
Green Carbon Inc. has launched a carbon credit generation project in Batangas, Philippines, aimed at reducing 400,000 tons of greenhouse gas emissions over the next ten years. The project is the first registered rice paddy initiative under the Joint Crediting Mechanism (JCM) between Japan and the Philippines, utilizing Alternate Wetting and Drying (AWD) irrigation methods. Green Carbon plans to expand the project to cover up to 10,000 hectares, contributing to the reduction of significant methane emissions produced by rice paddies.
CO2 Logistics Project Launched in Northern Norway
(February 12)
Norway-based SINTEF and partners including Elkem, Kvitebjørn Varme, and others have launched a project named 'CO2 Logistics Northern Norway' aimed at advancing the CCUS initiative in the region. This project will investigate efficient solutions for CO2 transport and storage from major emission sources, with potential reductions of about 3.4 million tons of CO2 by 2035. The project began with a kick-off meeting in Tromsø and will span one year.
Twelve Secures $83 Million for Carbon Transformation
(February 12)
US-based Twelve secured $83 million in additional strategic investments for its AirPlant™ One facility, bringing total funding to over $645 million. The investments come from partners such as Amazon, Mitsui & Co., and others, aiming to transform CO2 into sustainable materials and fuels, addressing critical environmental challenges. Twelve's technology seeks to replace fossil fuels in manufacturing and contribute toward a zero-emissions future.
EU must steer proposed shipping carbon levy towards needs of most vulnerable countries
(February 11)
The European Union (EU) has been promoting a proposal for a global carbon levy on international shipping, aiming to foster justice and equity for vulnerable countries. The EU's proposal, which includes a levy of €100 per tonne of greenhouse gas emissions, aims to fund the adoption of clean fuels like e-methanol and e-ammonia. However, the proposal has been criticized for lacking sufficient support for least developed countries (LDCs) and small island developing states (SIDS). As such, negotiations at the International Maritime Organisation (IMO) must prioritize fairness and support for those most affected by climate change.
Ocean GeoLoop collaborates with Carbon Circle for carbon capture projects
(February 11)
Norway-based Ocean GeoLoop AS has entered into a collaboration agreement with Carbon Circle AS for the joint commercial development of global carbon capture projects. The partnership aims to leverage Ocean GeoLoop's clean, autonomous, and energy-efficient CO₂ capture technology, along with Carbon Circle’s expertise in engineering and construction. This agreement is directed towards supporting clients in realizing energy-efficient carbon capture solutions and making carbon capture an attractive investment opportunity.
DAC protocol an 'important signal': Carbon Removal Canada
(February 10)
Canada has announced a preliminary protocol for direct air capture (DAC) and geological storage, aimed at establishing standards for projects that can issue federal offset credits. This protocol is designed to create credibility in the carbon removal industry, ensuring projects meet specific conditions regarding geological storage and monitoring. Notable companies such as Carbon Engineering and Deep Sky are involved in this sector, highlighting Canada's potential in hosting carbon removal projects.
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Soumya Gupta
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