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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%

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UCLA team proposes non-photosynthetic biological conversion of CO2

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Most of us naturally associate biological CO 2 conversion with photosynthesis in plants and algae. Furthermore, the maximum efficiency of solar energy conversion by photosynthesis is 5%, while typical solar panel efficiency reaches 20%. If these are achieved, carbon yield and productivity can be greatly accelerated (e.g.,

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BMW i Ventures invests in Prometheus Fuels; CO2 air-capture and conversion to carbon-neutral gasoline

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BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. —Greg Smithies, Partner, BMW i Ventures. to C 2 fuel products such as ethanol.

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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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Svitzer and Caterpillar partner on methanol as a fuel in newbuilds and conversions of existing tugs

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Svitzer, a leading global marine operations and towage operator, and Caterpillar Marine signed a Memorandum of Understanding (MOU) to adopt solutions that enable Svitzer to utilize methanol in their fleet.

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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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Compass Minerals confirms successful conversion testing of Great Salt Lake lithium brine resource to battery-grade lithium hydroxide

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Compass Minerals, a leading global provider of essential minerals, announced the successful, third-party conversion testing of its lithium brine resource into both lithium carbonate and battery-grade lithium hydroxide, representing a significant milestone in its previously announced lithium development project. —Kevin S.