INTERVIEW: EU oil and gas industry on track to reach 42 mln tonnes of CO2 storage per year
Based on current projects, Europe’s oil and gas producers are on track to reach 42 million tonnes of CO2 stored per year by 2030, falling short of an EU-wide target of 50 mln, the industry’s trade association told Carbon Pulse in an interview.
Read MoreInvestors pour $37 mln into firm turning CO2 into solid rock
A climate-focused investment fund has completed a $37 million Series A investment round in a leading provider of carbon mineralisation technology, aiming to accelerate the process of turning CO2 into solid rock for permanent sequestration.
Read More‘Lack of economics’ for hydrogen, CCS slowing green transition in petrochemicals, says Poland’s Orlen
Orlen, one of the largest oil refiners and retailers in Central and Eastern Europe, is looking at a range of technologies to hit net-zero emissions by 2050, including continued investments in wind power as well as clean hydrogen, small nuclear reactors, and carbon capture and storage (CCS), a company executive has said.
Read MoreBRIEFING: How Europe is preparing to regulate CO2 transport networks to unleash CCS
Lack of CO2 transport infrastructure is still regarded as the main obstacle for large-scale deployment of carbon capture and storage (CCS) in the EU, but potential business models are beginning to emerge as the European Commission prepares to regulate the nascent infrastructure industry.
Read MoreBRIEFING: Deep EU power market reform needed to reach climate goals, experts say
Although it was overhauled this year to address the energy crisis caused by Russia’s war in Ukraine, the EU power market will need a second round of reform to enable a growing share of renewables in the system, experts say.
Read MoreINTERVIEW: Shippers to start pushing up EU carbon price from 2025, analyst says
The year 2025 will mark and inflection point in the way maritime companies account for their CO2 emissions, as shippers start realising the consequences of the sector’s inclusion in the EU’s Emissions Trading System (EU ETS), according to a French academic.
Read MoreFrance tables CCS strategy, aiming to capture up to 8 MtCO2/y by 2030
The French government put forward its carbon capture, utilisation, and storage (CCUS) strategy on Friday, outlining a roadmap to catch 4-8 million tonnes of CO2 per year by 2030, targeting hard-to-abate sectors of industry across four “CCS valleys”.
Read MoreEU trade office seeks Green Deal tweaks to avoid ‘alienating partners’
The European Commission’s trade directorate is currently looking at adjustments to the EU’s CO2 border tax and anti-deforestation laws in order to avoid alienating foreign countries whose cooperation is needed to enforce the legislation, a senior EU official has said.
Read MoreBrussels pledges to do ‘whatever is necessary’ to support CCS
The European Commission will take all the necessary steps to make carbon capture and storage (CCS) technology available to large industrial emitters and remove barriers to its development, a senior EU official said on Wednesday.
Read MoreBRIEFING: EU to offer fast-track permitting for green industry frontrunners
The European Commission wants to speed up approval of emerging green and low-carbon technologies, saying it will promote faster permitting for those identified as the most promising by its new Innovation Centre for Industrial Transformation (INCITE) in Seville.
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