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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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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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Raven SR and Chart Industries to collaborate on hydrogen and carbon capture

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Raven SR, a renewable fuels company, and Chart Industries will collaborate globally on the liquefaction, storage, and transportation of hydrogen as well as pure carbon dioxide produced from Raven SR’s non-combustion Steam/CO 2 Reformation process of converting waste to renewable fuel. —Matt Murdock, CEO of Raven SR.

Hydrogen 170
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Schlumberger and RTI International partner to accelerate the industrialization of NAS carbon capture technology

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Schlumberger has entered into an agreement with RTI International , a nonprofit research institute, to accelerate the industrialization and scale-up of its proprietary non-aqueous solvent (NAS) technology, which enhances the efficiency of absorption-based carbon capture.

Carbon 199
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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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Carbon Recycling International and Johnson Matthey collaborate on sustainable methanol

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Carbon Recycling International (CRI) and Johnson Matthey (JM) have agreed on a long-term exclusive catalyst supply agreement for the use of JM’s KATALCO methanol catalysts in CRI’s Emissions-To-Liquids (ETL) CO 2 -to-methanol plants. Hydrogen can also be processed from by-product hydrogen available in some industrial waste streams.

Carbon 259
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UCL-led study finds climate impact caused by growing space industry needs urgent mitigation

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The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.

Climate 428