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- Tue 04:03Waste-to-fuel - Australian investor Climate Tech Partners has invested A$2 mln ($1.3 mln) into Wildfire Energy to help scale its waste-to-energy and sustainable fuels platform, with Qantas and Airbus participating, it announced. Wildfire has developed a novel gasification technology that converts unprocessed waste into synthetic gas that can be used for power, heating, and low-carbon fuels, it said. The company has also seen A$3.15 mln invested into it by the Australian Renewable Energy Agency's SAF Fuel Funding Initiative to pilot the integration of its technology to produce methanol, as well as a feasibility study to assess a Queensland facility that would convert waste into SAF.
- Tue 04:00Greenlight for CCUS - A large-scale carbon capture, utilisation, and storage (CCUS) project attached to a coal-fired power plant in China has obtained a construction permit from local government, announced Tuesday. The project, owned by CHN Energy’s Jinjie subsidiary, is expected to capture up to 4 MtCO2e annually from a 600 MW plant. The captured CO2 emissions may then be used for geological storage, mineralisation, oil displacement, or low-carbon methanol production. A total of RMB 1.99 bln ($293 mln) is being invested into the project, according to an earlier announcement.
- Tue 03:12Electrifying - EV sales in Australia accounted for a record 23.3% of new car sales in June, up 146% year-on-year, Drive reported. Citing data from the Federal Chamber of Automotive Industries and the Electric Vehicle Council, June's EV sales figures were up from 19.9% in May and 16.4% the month before. Accounting for hybrids, the figure for new car sales in June with some form of electrification grows to around 49%, according to the data, as a result of fuel price concerns driven from the global energy shock earlier this year.
- Tue 02:53Indigenous-owned - The Australian government is launching a pilot under its Capacity Investment Scheme (CIS) to support First Nations communities to co-own renewable energy projects and share in the income they generate, it announced. The initiative is designed to deliver stronger, long-term economic and social outcomes for Traditional Owners and First Nations communities, it said. The pilots will be run under CIS tenders nine and 10, with project proponents and their First Nations partners needing to commit to at least 5% equity, or a revenue sharing model equal to 5% equity, or a mixture of both.
- Tue 02:29Macao International Carbon Emission Exchange (MEX) has listed spot contracts for Core Carbon Principles (CCP)-labelled credits, it announced Monday.
