DAC technologies can pull CO2 directly from the atmosphere anywhere, avoiding the need to be near the point of emissions.
As California Resources Corp.’s carbon management arm, Carbon Terravault, pursues carbon capture and storage projects, it also is keeping tabs on data center power opportunities.
Partners Project Canary and the Colorado School of Mines will publish a peer-reviewed paper of the study’s findings.
1PointFive said the agreement marks the largest single purchase of CO2 removal credits enabled by direct air capture to date.
Summit Carbon Solutions still needs approval from four other states for its CO2 transport pipeline.
Heirloom Carbon Technologies expects the facilities, located at the Port of Caddo-Bossier in northwest Louisiana, to remove about 17,000 tons of CO2 from the atmosphere starting in 2026.
Exxon Mobil and Air Liquide’s hydrogen and ammonia project is expected to transport low-carbon hydrogen from Exxon’s Baytown, Texas, facility through Air Liquide’s pipeline network.
Data showed global energy consumption increased 2% to a record 620 exajoules (EJ), driven by increases in coal and oil use.
States and the EU have introduced nascent carbon pricing schemes with taxes, tax benefits and offsets. It isn’t unreasonable to assume that carbon pricing will become increasingly tangible.
Under the right conditions, depleted oil reservoirs can be transformed into hydrogen producers, or subsurface biorefineries, Gold H2 CEO says.