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Harbour Energy and INEOS took a final investment decision on their Greensand Future #carbon capture and storage (#CCS) project in #Denmark, an asset UK-lister Harbour acquired during the purchase of Wintershall Dea’s portfolio in October.

KC8 Capture Technologies, founded in 2021, secured $10 million in funding from Woodside Energy and Cemex Ventures. This investment aims to expand the team and accelerate deployment of its carbon capture solutions across industries like construction, steel, energy, and chemicals. Despite initial scepticism, KC8 asserts its technology can capture up to 95% of CO2 emissions from heavy industries at 50% lower cost than existing methods, with a 15% energy consumption reduction. “As a global energy company, we understand the imperative to innovate and develop efficient, cost-effective solutions for sustainable energy production. KC8’s advancements are pivotal in enabling technological innovation towards this goal,” said Woodside’s VP of carbon solutions, Jayne Baird. #CarbonCapture #EmissionsReduction #KC8Technologies #SustainableEnergy #ClimateInnovation #GreenTech #IndustrialEmissions #CleanEnergy #TechInnovation #ClimateChangeSolutions

Green light for carbon capture and low carbon power joint venture projects in Teesside bp, together with its partners, today confirmed that it has reached financial close for two major carbon capture and storage (CCS) projects in Teesside in the north-east of England: the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power). This follows the selection of nine contractors in March 2024 and gives the go-ahead for the projects to proceed to the execution phase. How are they financed? initially funded through optimal project financing, enabling efficient use of capital for both joint ventures and its partners. NEP’s infrastructure will have capacity to transport and store an initial four million tonnes of CO2 per year with the ability to expand in the future. bp will provide operating services to NEP. Please share with those who are interested in CCS developments!! For more info here's the official release,

Matching the demand of green fuels with supply is crucial for adoption and deployment of green technologies. - Infinium, the world’s first producer of commercially available ultra-low carbon eFuels, and Brookfield Asset Management have announced a strategic funding partnership to accelerate the growth of Infinium’s eFuels platform. - Under the terms of the deal, Brookfield has committed to invest more than $200 million in Infinium and Infinium’s Project Roadrunner that is under development in West Texas and up to an additional $850 million for deployment of other Infinium eFuels projects globally. - Infinium recently announced a strategic deal with American Airlines, in which American will purchase commercial volumes of Infinium eSAF starting in 2026 produced by Project Roadrunner. https://lnkd.in/dQMauHpK

Equinor and its partners, bp and TotalEnergies, have finalized financial close and approved two major UK carbon capture projects: Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power). These initiatives, part of the East Coast Cluster, aim to decarbonize Teesside by 2028, with NEP storing up to 4 million tonnes of CO2 annually and NZT Power generating 742 megawatts of low-carbon electricity while capturing 2 million tonnes of CO2 yearly. 

#ABB is partnering with ArcelorMittal to introduce XCarb® steel made with high levels of recycled steel and 100% renewable energy for its trusted Kabeldon power distribution system. The sustainable sourcing agreement helps reduce the carbon footprint of key electrification equipment by 29%. Read the article to know more.

Clean energy incubator to help wean Aberdeen off oil dependence Construction work has begun on a business incubator at Aberdeen's Energy Transition Zone, a development geared toward weaning the city off its reliance on fossil fuels. https://bit.ly/3ADiT7u

What an achievement for the Energy Transition Fund at CiP. This reconfirms our dedication in the future of Green Hydrogen and Green Ammonia. This also underscores the support we are extending to the European Shipping, Chemical and Fertilizer industries.  https://lnkd.in/gZch59E2

At Motor Oil Group, our commitment to shaping a sustainable energy future is at the forefront of our Strategic Vision for 2030. Since our inception, we have built one of Europe's most flexible and efficient refineries, complemented by our strong expertise in supply and trading. This integrated approach has enabled us to achieve remarkable economic success and compete on a global scale. Today, we stand as an international multi-energy provider, continuously evolving, investing today in the energy of tomorrow and providing the world with Fuels, Electricity and Recycled Resources.   I. Fuels - Operating and commercializing successfully one of the most efficient and flexible refineries in Europe - Three projects under construction at the Refinery, opening the door to production of petrochemicals and clean renewable fuels   II. Electrification - MORE’s project pipeline is maturing rapidly – we now expect to double our installed capacity to 1.6 GW by 2027 - Our Kommotini CCGT is coming online in Q1 2025 and will be the most efficient dispatchable unit in Greece   III. Circular Economy - From feedstock to recycled products: developing value chains for the future in a business that has reached critical scale (€45m PF LTM EBITDA) - Positioning to capture €5.0bn gross value of market opportunities over the coming years   Over the next five years, we aim for our Electrification and Circular Economy activities to represent at least 40% of our Group's EBITDA. This transition will enhance Motor Oil's financial profile, delivering robust growth and cash flow visibility.   As we adapt to new global conditions, our resilience and ability to innovate remain our greatest assets. With our dedicated team at the core of all our activities, Motor Oil is shaping the future of energy with a diverse international multi-energy portfolio.   Read our story and share our vision in our latest Strategy Update: https://lnkd.in/dct94Wtm  #MotorOil #Energy #Sustainability #Strategy2030 #Innovation #CircularEconomy  

I’m pleased to share that, together with our partners, we’ve reached financial close for Net Zero Teesside Power (NZT P) and the Northern Endurance Partnership (NEP) giving the go ahead for these two major carbon capture and storage (CCS) projects in Teesside to move to the execution phase.     Both joint venture projects were selected for development under the UK Government’s CCUS cluster process, and follows the selection of nine contractors earlier this year.   NEP, through its CO2 transport and storage system, will help develop and underpin a lower carbon future for industry in the region. NZT Power, a gas-fired power station with carbon capture and storage, will provide flexible low carbon power into the UK national power grid. The two projects will capture and transport millions of tonnes of CO2 and are expected to support thousands of jobs through their construction and operation.      They represent a major step forward in CCS delivery for the UK and are another step forward for bp’s overall investment plans in the UK – which include both investing in today’s energy system, which is mainly oil and gas, and helping to build out tomorrow’s.     We’re proud of the potential of these projects to help stimulate economic growth by supporting thousands of jobs and helping UK companies prosper through the vast supply chains involved, while creating the infrastructure to help major industrial companies with their decarbonisation plans.    Today’s milestone is the result of the hard work of many people over many years and I’d like to thank all the teams involved. I look forward to seeing the projects move into the next phase. https://lnkd.in/eUtdzx5K