The Carbon Corner - Issue #40
Hot off the press, we have the 40th issue of The Carbon Corner now available! Thank you for being a part of our community! Join us today as we shed light on the latest developments in Carbon Capture and Sequestration! ExxonMobil's $600,000 Carbon Capture Expansion in LouisianaExxonMobil is expanding its carbon capture business in Louisiana through a partnership with two universities by pledging $600,000 in donations. The oil and gas giant aims to advance research in carbon capture and storage technologies to reduce greenhouse gas emissions. The donations will be split between Louisiana State University and Southern University, enabling them to develop and implement projects related to CCS. The funds will contribute to research projects, curriculum development, and training opportunities for students, with a focus on CCS technology. The partnership demonstrates ExxonMobil's dedication to collaborating with academic institutions to drive innovation and solutions for a low-carbon future.
Norway's ARRRa Cluster Leading the Way in Carbon Capture and StorageThe article discusses the accelerating momentum of carbon capture and storage initiatives in the ARRRa cluster, which comprises Norway's Ålesund, Molde, and Kristiansund. This cluster has emerged as a key region for CCS development due to its proximity to offshore CO2 storage sites in the Norwegian Sea. The ARRRa cluster aims to become a leading hub for CCS technologies, fostering collaboration among industry stakeholders, research institutions, and local communities. The region has already made significant progress, with feasibility studies conducted and the establishment of a regional CO2 storage operator. Additionally, the Norwegian government has allocated funding for a large-scale CCS project in the cluster. Continued support from both the government and industry are necessary to ensure the successful implementation of CCS in the ARRRa cluster, which has the potential to significantly contribute to global climate change mitigation efforts.
Japanese Quartet Joins Forces with Petronas
There is a newly announced collaboration between four major Japanese companies and Malaysia's state-owned Petronas to advance CCS ambitions. The quartet consisting of IHI Corporation, JGC Corporation, Sumitomo Mitsui Construction, and Chiyoda Corporation will work with Petronas to explore opportunities for CCS projects in Malaysia. The partnership aims to leverage the companies' expertise in CCS technologies to develop commercially viable solutions for reducing carbon emissions. Petronas, as a leading energy company, has set ambitious targets to achieve net-zero emissions by 2050 and views CCS as a key component of its decarbonization strategy. There is an emphasis on the importance of international partnerships and knowledge-sharing to accelerate the deployment of CCS on a global scale. Through this collaboration, the Japanese quartet and Petronas aim to pave the way for sustainable energy transitions in Malaysia and beyond. Scott Bros and Teesside University Collaborate in Groundbreaking Carbon Sequestration ProjectThe article highlights a partnership between Scott Bros, a waste management company, and Teesside University in a carbon sequestration project. The collaboration aims to develop innovative technologies for capturing and storing carbon dioxide emissions. Scott Bros will provide the waste materials necessary for the project, which will be used to test and refine carbon sequestration methods. Teesside University's expertise in environmental science and engineering will contribute to the research and development efforts. The project will offer opportunities for knowledge exchange and skill development among researchers, students, and industry professionals involved. By combining resources and expertise, Scott Bros and Teesside University aim to make meaningful contributions in the field.
Lapis Energy and Denbury Forge Strategic PartnershipA new joint venture has formed between Lapis Energy and Denbury, two energy companies. The partnership aims to leverage Lapis Energy's expertise in CO2 separation and Denbury's experience in enhanced oil recovery (EOR) using captured carbon dioxide. Together, they plan to develop projects that capture CO2 emissions and repurpose them for EOR operations, effectively reducing emissions while increasing oil production. The collaboration aligns with the companies' commitment to sustainable practices and the pursuit of innovative solutions to address climate change. UK CCS Project Hits Major MilestoneThe article highlights the significant milestone achieved by the UK carbon capture and storage (CCS) project with the awarding of a carbon storage license. The license grants the project the right to store CO2 emissions deep beneath the UK's southern North Sea. The project aims to capture and transport CO2 emissions from industrial sites in Teesside, Humberside, and Scotland to be stored offshore. The project has the potential to store millions of tonnes of CO2 annually, contributing significantly to emissions reduction targets. The carbon storage license also marks a step forward in attracting investment and support for the project. Additionally, the article highlights the collaborative nature of the project, with various partners from industry and government working together to make it a success. This UK CCS project sets a positive example for other countries in their pursuit of carbon capture and storage initiatives. Serba Dinamik Holdings and Tidelands Energy Join ForcesA new joint venture between a Malaysian engineering firm, Serba Dinamik Holdings, and US-based Tidelands Energy has formed. The partnership aims to develop and commercialize CCS technologies to reduce carbon emissions from industrial processes. The new company will leverage Serba Dinamik's engineering expertise and Tidelands Energy's experience in energy infrastructure to drive innovation in CCS projects. The new company will focus on developing integrated CCS projects that capture CO2 emissions and securely store them underground. By combining resources and knowledge, the partnership aims to play a vital role in mitigating carbon emissions and promoting sustainable practices in the energy sector. Why Australia's Plan to Ship Carbon Emissions Overseas Raises Concerns: The Pitfalls of Reliance on International OffsetsA new bill has been introduced in Australia that enables the country to export its carbon emissions overseas. The bill proposes a carbon offset scheme, allowing Australian companies to purchase international carbon credits to offset their domestic emissions. The article highlights concerns surrounding this approach, emphasizing that it does not effectively address the need to reduce emissions domestically. It argues that relying on international offsets may perpetuate a cycle of dependence on carbon-intensive industries and delay necessary decarbonization efforts. The article also highlights the potential negative consequences of relying on international offsets, including the risk of double-counting emissions reductions and the potential for environmental and social harm in countries where the offsets are purchased. It further raises questions about the effectiveness and integrity of international carbon markets. The article concludes by advocating for stronger domestic action to reduce emissions, such as investing in renewable energy and implementing robust policies to transition to a low-carbon economy. Schaper Energy Consulting is a professional engineering firm offering carbon strategy services to CCS site developers. Check out some examples of our projects here: https://schaperintl.com/carbon-strategies/ If you have questions or comments, please contact us at info@schaperintl.com. We hope you enjoyed reading this week and hope to see you back next week for more! |
Schaper Energy Consulting
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