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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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ESA approves Norwegian CCS Full-Scale carbon capture and storage project; up to €2.1bn in aid

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The CCS Full-Scale project is a central part of Norway’s efforts to reduce its carbon footprint and meet the European goal of climate-neutrality by 2050. By supporting the project, the Norwegian government aims to facilitate further scaling up of CCS globally, by sharing knowledge and experience.

Carbon 416
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Rio Tinto commits $2.4B for Jadar lithium project; planning 58,000 tons/year lithium carbonate by 2029

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The Jadar project would support the evolution of Rio Tinto—one of the world’s largest miners—into a chemical producer to make battery-grade lithium carbonate, a critical mineral used in large-scale batteries for electric vehicles and storing renewable energy. This is a significant moment for the lithium industry.

Serbia 397
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Kia outlines its path to achieving carbon neutrality by 2045; full electrification in major markets by 2040, in Europe by 2035

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At its recent “Kia Sustainability Movement” virtual presentation, Kia Corporation announced a commitment to achieve carbon neutrality throughout its value chain by 2045. Achieving carbon neutrality will be based on three key pillars: Sustainable Mobility; Sustainable Planet; and Sustainable Energy. Earlier post.).

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NuScale, Shell and partners to assess hydrogen production using SMR

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NuScale Power, along with Shell Global Solutions (Shell) and industry participants will develop and assess a concept for an economically optimized Integrated Energy System (IES) for hydrogen production using electricity and process heat from a NuScale VOYGR small modular reactor (SMR) power plant.

Hydrogen 475
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ATI FlyZero project finds green liquid hydrogen most viable zero-carbon emission fuel for aircraft

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FlyZero is the UK’s Aerospace Technology Institute (ATI) project aiming to realize zero-carbon emission commercial aviation by 2030. Funded by the Department for Business, Energy and Industrial Strategy, the project FlyZero began in early 2021 as an intensive research project investigating zero-carbon emission commercial flight.

Hydrogen 369
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DOE announces $11.5M in Phase 1 funding for carbon capture and storage program; ARPA-E FLECCS

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million in funding for 12 projects as part of Phase 1 of the Advanced Research Projects Agency-Energy’s (ARPA-E’s) FLExible Carbon Capture and Storage (FLECCS) program. Phase 1 FLECCS projects are: GE Global Research. Synergistic Heat Pumped Thermal Storage and Flexible Carbon Capture System - $1,000,000.

Carbon 333