News

According to the International Energy Agency's latest report, the United Kingdom (UK) has made significant progress in reducing emissions.

Thyssenkrupp announced today that it plans to drastically cut its carbon dioxide  (CO2) emissions over the next decade, and will look into more efficient ways to produce its main product - steel.

The Commonwealth Scientific and Industrial Research Organization (CSIRO) has partnered with the University of British Colombia (UBC) in Canada on a Memorandum of Understanding, in response to the Mission Innovation’s Renewable and Clean Hydrogen Innovation Challenge. The Mission Innovation is made up of more than twenty-three countries across the world.

Guangdong Carbon Capture Testing Platform Project (GCCT), is the first multi-technology international carbon capture technology testing platform in Asia, designed and constructed GEDI.The opening of the facility marks a new stage of carbon capture technology research in Guangdong, which is of milestone for China in promoting carbon dioxide emission reduction and handling climate change. The project consists of a flue gas pre-treatment system, amine absorption and membrane separation carbon capture system, compression and purification system and several auxiliary systems.

Oxy Low Carbon Ventures, a subsidiary of Occidental, and Carbon Engineering are moving forward with the engineering and design of a Direct Air Capture (DAC) and sequestration facility.

Wabash Valley Resources recently closed an investment from Oil and Gas Climate Initiative (OGCI) for what is expected to be the United States' largest carbon capture and sequestration (CCS) project thus far.

ExxonMobil is continually progressing its growth plans to increase earnings and cash flow potential by researching technology breakthroughs to reduce emissions, Darren Woods, Chairman and CEO, told shareholders during the company’s annual meeting.

U.S. Senator John Cornyn (R-Tex.) recently introduced legislation that would require the U.S. Department of Energy (DOE) to establish a research, development and implementation program for carbon capture technologies at natural gas-fired power plants.The bill aims to create a partnership with the private sector for demonstration project and accelerate development and commercial application of natural gas carbon capture technologies. “The US leads the world in emissions reduction, but to build on that success, we need to incentivize innovation and partner with the private sector to create affordable solutions,” Cornyn said in a press release.

The production processes of the most important basic chemicals are responsible for around 70% of the greenhouse gas emissions in the chemical industry.

Prior to BP's annual general meeting (AGM), Helge Lund, BP's Chairman, wrote an article in the Financial Times, explaining why the oil company is in favor of the Climate Action 100+ resolution and why the company aims for a quick transition to a low carbon energy system. He mentioned during the company's annual meeting, activists will gather and protest outside the city's exhibition center so the company will call on its stakeholders to support the Climate Action 100+, in hopes of achieving greater transparency from BP, and to showcase how the company's strategy is in line with the 2015 Paris agreement. "We recognize that the world is on an unsustainable path.