Executives from Aethon Energy, Aker Solutions, Chevron and NOV said efficiency and repeatability—not cramming new technologies into every venture—are key to lowering costs associated with capturing CO2.
Shell has scrapped plans for a low-carbon hydrogen plant on Norway's west coast due to a lack of demand, the energy company said on Sept. 23, days after Equinor cancelled a similar planned project in Norway.
Crescent will work with SAMSUNG E&A and Honeywell on the project.
Direct air capture technologies are technically and financially challenging, but efforts are underway to change that.
SAMSUNG E&A will leverage Honeywell's carbon capture technologies, in particular Honeywell’s advanced solvent carbon capture technology.
An investment by JX Nippon Oil Exploration will support 8 Rivers’ Calcite direct air capture technology as it moves from pilot to commercial development, the company says.
The drive to seek out lower emissions fuels is leading to a surge in RNG projects.
DAC technologies can pull CO2 directly from the atmosphere anywhere, avoiding the need to be near the point of emissions.
Brookfield Asset Management agreed to invest up to $1.1 billion in efuels producer Infinium as it seeks additional growth opportunities.
Mantel Capture Inc. raised $30 million for the demonstration of its high-temperature carbon capture system at an industrial site, paving the way for eventual commercial deployment.