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The Section 45Q tax credit for carbon dioxide utilisation has been increased to match the $85 per tonne rate for sequestration, creating a level playing field in the merchant market.
Carbon Capture solutions company Carbon Clean has opened a new research facility, comprising two carbon capture plants and laboratories for solvent development, analysis, and testing, in Navi Mumbai, India.
Swiss carbon capture firm Climeworks has surpassed $1bn in total funding, having secured an additional $162m in equity finance.
The global carbon capture, utilisation and storage market is predicted to grow 28-fold by 2050, according to a new study from research and consultancy group Wood Mackenzie.
Energy company Horizon Power has completed a three-month trial of carbon capture, utilisation and storage (CCUS) technology for diesel generators, in partnership with Melbourne-based start-up Kapture.
The UK Government has formally announced its backing for two major carbon capture and storage (CCS) projects that could collectively capture and store over 15 million tonnes of carbon dioxide per year by 2030.
Uncertainty continues to cast a shadow over the hydrogen, CCUS and biomethane sectors – and a session at the Gas, LNG and Future of Energy event in London explored developments.
US carbon capture technology firm CarbonQuest has entered the food and beverage market, with a new initiative underway in its home US state of Washington.
Over $3bn of funding for 24 clean energy projects, mostly related to carbon capture efforts, has been axed by the US government.
Italian energy company Eni has signed a deal to sell a 49.99% stake in its carbon capture and storage business, Eni CCUS, to Global Infrastructure Partners (GIP), a US-based infrastructure investor owned by BlackRock.
