Carbon Capture
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The Department of Energy (DOE) has opened the application process for the first round of CO2 transportation infrastructure awards, which totals $200 million.
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Alberta, Canada-based Capital Power has cancelled its $2.4 billion Genesee carbon capture and storage (CCS) project after determining the project was not financially viable.
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FuelCell Energy has closed a $13 million debt financing with Liberty Bank and Connecticut Green Bank for 2 operating community fuel cell projects in Connecticut.
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Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.
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Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.
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The technology venture arm of US-based oil & gas producer Chevron has launched a third fund with $500 million in capital.
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FuelCell Energy executive vice president and COO Michael Lisowski has resigned from his position, effective immediately, PFR has found.
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ExxonMobil and FuelCell Energy will extend their carbon capture research joint development agreement (JDA), PFR has learned.
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Chevron New Energies (CNE) has led a $45 million Series A financing for ION Clean Energy, a carbon capture technology company.
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United States Steel (US Steel) and carbon capture technology business CarbonFree have signed an agreement to capture CO2 emissions generated from US Steel’s Gary Works Blast Furnaces.
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Law firm Akin has hired Ian Goldberg, a former Hunton Andrews Kurth energy transactions lawyer, as a partner at its Houston, Texas, office.
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Carbon removal credit platform Deep Sky and hybrid direct air capture (HDAC) company Avnos have partnered to incorporate their technologies at Deep Sky's lab in Canada.
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Carbon removals and renewables company Drax Group has entered a CO2 capture deal with Karbon-X.
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The Department of Energy (DOE) has awarded $6 billion to 33 projects that aim to decarbonise some of the largest industrial sectors and communities in the US.
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State-owned oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Mistui & Co to explore low-carbon solutions in Brazil.
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Talos Energy will sell its wholly-owned subsidiary Talos Low Carbon Solutions (TLCS) to TotalEnergies E&P USA.
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CapturePoint has sold 100% of the 45Q tax credits generated by carbon dioxide (CO2) capture at its Arkalon CO2 facility near Liberal, Kansas to an unnamed buyer in a 12 year agreement.
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King & Spalding has hired an energy-focused tax partner for its New York-based corporate practice group.
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ExxonMobil and FuelCell Energy are renegotiating their carbon capture joint development agreement (JDA) as it nears termination, PFR has learned.
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CarbonCapture, a direct air capture (DAC) company, has secured $80 million in Series A financing, led by Prime Movers Lab, an investor in scientific-based startups.
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The US Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) will deploy an additional $100 million to aid industrial carbon dioxide removal.
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California Resources Corporation will combine with Aera Energy in an all-stock transaction valuing Aera around $2.1 billion.
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NextEra Energy led a $36 million investment round in Avnos, a startup developing a novel hybrid direct air capture (HDAC) technology for carbon dioxide removal.
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The US’ traditional renewables sectors – wind, solar (and now even battery storage) – continue to be a mainstay, but the universe of investable renewables opportunities is expanding.
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Biofuels company POET and Summit Carbon Solutions have entered into a partnership to utilise Summit's carbon capture technology to reduce emissions created in the biofuel production process.
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The City of Edmonton, Alberta and Canadian-based Varme Energy have struck a waste-to-energy offtake deal.
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Canadian-based carbon capture business Svante Technologies (Svante) has appointed Justine Fisher as its new chief financial officer (CFO).
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Chestnut Carbon, a nature-based carbon removal developer founded by investment firm Kimmeridge Energy Management Company (Kimmeridge) has entered a multi-year offtake agreement with Microsoft.
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California Resources Corporation and its carbon management business, Carbon TerraVault, have received the first draft of Class VI well permits for underground carbon dioxide (CO2) injection and storage.
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Sustainable aviation and carbon emissions-derived fuels production company Dimensional Energy has successfully closed its $20 million Series A funding round.
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Brazilian oil and gas giant Petrobras has signed a preliminary agreement with the state government of Rio de Janeiro for the development of a carbon capture hub.
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Lummus Technology and Toshiba Energy Systems & Solutions Corporation (Toshiba) have entered an agreement to jointly develop carbon capture projects in the US.
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Investment manager Kimmeridge Energy Management’s carbon capture-focused vehicle Kimmeridge Carbon Solutions, has teamed up with UK-based decarbonization development business Storegga to advance carbon capture usage and storage (CCUS) projects.
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GTI International subsidiary Projeo Corporation has been awarded $38 million from the US Department of Energy (DOE) for its Phoenix Project.
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The Department of Energy (DOE) has provided $444 million to fund 16 carbon storage and management projects across the US.
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UK power generation business Drax has partnered with fintech platform Patch to grow the private investment market in carbon dioxide removals (CDRs).
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Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.
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ExxonMobil has closed on its acquisition of Denbury, a carbon capture and sequestration (CCS) developer also specializing in oil recovery, as of November 2, 2023.
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Sumitomo Corporation of the Americas (SCOA) and its parent company Sumitomo Corporation have entered an agreement with private developer Reconciliation Energy Transition Inc (RETI), giving Sumitomo the exclusive right to acquire significant equity interest in the East Calgary Carbon Transportation & Sequestration Project (CTS Hub).
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Milestone Environmental Services (MES) subsidiary Milestone Carbon has entered into an agreement with Texas Pacific Land Corporation to lease over 22,000 acres of land and pore space intended for permanent geologic sequestration of CO2 in the Permian Basin.
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Californian energy producer, Aera Energy, is preparing first large-scale carbon capture and storage project (CCS) – CarbonFrontier.
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Private equity firm Grey Rock Investment Partners has made a controlling investment in carbon capture and sequestration company CarbonCycle.
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Canadian-based CO2 investment firm Carbon Streaming has entered a streaming agreement with carbon-credit funded restoration company Mast Reforestation.
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PowerTap has reached a purchase agreement with Coleman Industrial Gases for a combined CO2/hydrogen product.
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Norwegian energy company Equinor has acquired a 25% stake in carbon sequestration site Bayou Bend CCS.
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The Department of Energy (DOE) has selected Pasadena, California-based developer CarbonCapture and its partners to receive $12.5 million in funding for a megaton-scale direct air capture (DAC) hub in southwestern Wyoming.
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A climate tech startup from former Google X, Tesla, and Solar City executives has reached the operational stage of a novel seawater-based carbon capture technology.
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The US Department of Energy (DOE) has announced the allocation of $1.2 billion to further develop two commercial-scale direct air capture (DAC) facilities.
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Verde Clean Fuels, a gasoline, renewable feedstock and natural gas fuel provider, has signed a Carbon Dioxide Management Agreement (CDMA) with California Resources Corporation (CRC) and Brookfield Renewable.
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Exxon Mobil has agreed to acquire carbon capture developer Denbury in an all-stock transaction valued $4.9 billion or $89.45 per share. Denbury shareholders are to receive 0.84 shares of ExxonMobil for each Denbury share.
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