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BNEF: global carbon capture capacity due to rise sixfold by 2030

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The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. of global emissions. The amount of CO 2 being captured today is 43 million tons, or 0.1%

Carbon 293
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Expleo develops closed-loop, e-methanol fuel cell solution for global shipping

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UK-based Expleo, a global engineering, technology and consultancy service provider, has developed a closed-loop fuel solution for global shipping that delivers a 92% reduction in greenhouse gas emissions (GHGe) in the model vessel. Bibby Wavemaster 1, the model vessel.

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AirCapture, OCOchem and partners win $2.93M DOE grant for direct air capture of CO2 and conversion to formic acid

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Carbon dioxide capture company AirCapture and carbon dioxide conversion company OCOchem, along with other partners, have won a $2.93-million OCOchem transforms recycled CO 2 , water and zero-carbon electricity to produce formic acid, a globally traded commodity chemical and emerging electro-fuel.

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JFE Steel, Emirates Steel and Itochu to study building supply chain for low-carbon ironmaking

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JFE Steel Corporation, Itochu Corporation and Emirates Steel Arkan, the largest steel company in the United Arab Emirates (UAE), will conduct joint detailed feasibility studies on the establishment of a supply chain of ferrous raw material for green ironmaking with low-carbon emission at the project site in Abu Dhabi.

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Raven SR & Hyzon Motors to build up to 100 waste-to-hydrogen hubs

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a global supplier of hydrogen fuel cell-powered commercial vehicles, announced a joint venture to build up to 100 hydrogen hubs across the United States and globally. As a non-combustion process, there is no ash, no slag, build up, or hotspots in the equipment. Raven SR , a renewable fuels company, and Hyzon Motors Inc.,

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Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

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million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

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ArcelorMittal inaugurates €200M Steelanol carbon capture and utilization project at Ghent plant

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At an event held at its steel plant in Ghent, Belgium, ArcelorMittal inaugurated its flagship carbon capture and utilization (CCU) project. It will reduce annual carbon emissions from the Ghent plant by 125,000 tonnes. This project will reduce annual carbon emissions in Ghent by 112,500 tonnes. Earlier post.)

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