NET Power LLC, whose technology is designed to reduce carbon emissions from natural gas, on Wednesday agreed to combine with Rice Acquisition Corp. II to advance solutions in a transaction worth an estimated $1.46 billion. Rice Acquisition, a special purpose acquisition company (SPAC), is focused on supply-side carbon dioxide (CO2) reductions. Once the transaction is…
carbon capture utilization and storage
Articles from carbon capture utilization and storage
‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment
Policymakers must ensure the supply of conventional energy sources alongside lower carbon ones as the energy transition marches on, according to Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser. The head of the state-owned oil behemoth has been warning of the threats to global energy security posed by underinvestment in oil and natural gas. “Many…
September 21, 2022
Natural Gas Suppliers Tout Certified Gas, RNG as ‘Bridge Products’ to Decarbonization
Decarbonizing natural gas consumption is considerably more complex than doing so for electricity, but U.S. gas suppliers are up for the challenge, industry players said this week. The ultimate goal to neutralize the climate-warming impact of natural gas is large-scale deployment of low-carbon hydrogen, along with carbon capture, utilization and storage (CCUS), said BP plc’s…
September 14, 2022
Scaling DAC to ‘Megaton Levels’ Said Goal of Wyoming’s Project Bison CO2 Project
Climate technology company CarbonCapture Inc., which develops direct air capture (DAC) systems, has set a goal with carbon storage developer Frontier Carbon Solutions to permanently remove 5 million metric tons/year of atmospheric carbon dioxide (CO2) from Wyoming by 2030. The state was selected for the carbon sequestration project because of the “broad availability of renewable…
September 14, 2022
Oxy’s DAC Project to Lasso CO2 from Texas Permian Oilfields
Occidental Corp. and subsidiary 1PointFive on Thursday officially launched construction of its first large-scale direct air capture (DAC) plant, which could be sucking up carbon emissions from the Permian Basin in West Texas by late 2024. Houston-based Oxy, as it is known, had begun the first phase of front-end engineering design (FEED) at a site…
August 25, 2022
How Many CO2 Sequestration Hubs Does Houston Area Need? More, Say Oxy and Enterprise
Occidental Petroleum Corp. and Enterprise Products Partners LP are throwing their hats into the ring for a carbon dioxide (CO2) transportation and sequestration hub that would serve oil and gas operators in the Greater Houston area. Oxy, as it is better known, said Oxy Low Carbon Ventures LLC (OLCV) signed a letter of intent with…
April 26, 2022
‘Lowest Cost’ CCUS Solution Said Ready to Deploy for Power Generation, Industrial Sectors
Honeywell International Inc. said it will collaborate with the University of Texas at Austin (UT) to commercialize a lower cost carbon capture technology for the power generation and industrial sectors. The project was developed by researchers at UT’s Texas Carbon Management Program (TxCMP). An advanced amine solvent “enables carbon dioxide (CO2) to be captured at…
December 17, 2021
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