Asia’s CCS prospects face cost and technical barriers for investors, governments, report warns
The deployment of CCS in key Asian economies will fall short of expectations due to financial and operational hurdles remaining for several decades for this widely touted low carbon technology, a report released on Monday claimed.
Read MoreMarubeni delivers world’s first “carbon neutral” ethylene cargo in deal with Taiwan’s CPC
Japanese global trading house Marubeni and Taiwan’s national oil company, CPC, will complete the world’s first “carbon neutral” ethylene cargo delivery, the two companies have announced.
Read MoreAustralia pivots for hydrogen export boom, models renewables build for “superpower” status
Australia has the potential to become one of the world’s largest suppliers of hydrogen by the end of the decade if the country’s project pipeline is completed on time, a report from the Australian government released on Friday has claimed.
Read MoreTrafigura joins Australian hydrogen rush with A$750 mln project
Global commodity trader Trafigura has added to the growing hydrogen project pipeline in Australia with plans to develop a A$750 million ($540 mln) facility that will be integrated with a large smelter, the South Australian (SA) state government announced on Thursday.
Read MoreWoodside announces $5 bln outlay by 2030 in bid to build low carbon portfolio
Australian LNG player Woodside will spend $5 billion in “emerging new energy markets” by 2030 as it seeks to position the oil and gas company to support the decarbonisation goals of its customers, CEO Meg O’Neill announced in an investor update on Wednesday.
Read MoreExxonMobil pledges net zero emissions by 2030 from Permian basin assets
US oil and gas major ExxonMobil will target net zero GHG operational emissions by 2030 from its operated assets in the US Permian basin, a prolific oil and gas-producing region in Texas and New Mexico, the company has announced.
Read MoreAustralian steelmaker to collaborate with energy major Shell on renewable hydrogen
Australia’s Bluescope has signed a Memorandum of Understanding (MoU) with oil major Shell to explore renewable hydrogen projects in the state of New South Wales, the company announced on Tuesday.
Read MoreANALYSIS: How big oil seeks shortcuts in climate target ‘arms race’
Oil majors’ climate targets are littered with loopholes but still fall short of Paris Agreement goals, according to assessors struggling to make sense of the piecemeal efforts of one of the most significant sectors for the low-carbon transition.
Read MoreExxonMobil sets Scope 1 and 2 GHG emissions intensity targets for 2030
US oil and gas major ExxonMobil has for the first time set emissions targets for 2030, extending a commitment that it made last year to cut the emissions intensity of its operations by 2025.
Read MoreSteel can go green by 2050 with $278 bln spend, report says
Steel can be produced with almost no carbon emissions by 2050 if $278 billion in investment to decarbonise the industry is made over the next three decades, a report released on Wednesday claimed.
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