McKinsey is choosing Houston for a $100 million investment to decarbonise the energy sector. It plans on leveraging clean energy solutions, such as CCUS, hydrogen and power management, to transform an oil and gas hub into a showcase for clean energy opportunities. It is working with its materials practice to transition petrochemicals as well.
Drax Group and impact-driven carbon finance business Respira International have announced a pioneering agreement that they say will stimulate the development of global voluntary carbon markets and the decarbonization of new sectors of the economy.
McKinsey is choosing Houston for a $100 million investment to decarbonise the energy sector. It plans on leveraging clean energy solutions, such as CCUS, hydrogen and power management, to transform an oil and gas hub into a showcase for clean energy opportunities. It is working with its materials practice to transition petrochemicals as well.
Drax Group and impact-driven carbon finance business Respira International have announced a pioneering agreement that they say will stimulate the development of global voluntary carbon markets and the decarbonization of new sectors of the economy.
A consortium led by multinational engineering firm FLSmidth intends to support the decarbonisation of cement, through the development of carbonation processes that trap CO2 in concrete.
The Institute for Energy Economics and Financial Analysis (IEEFA) recently published a report examining carbon capture and storage (CCS) performance, which claimed many sequestration projects have failed or underperformed. Proponents of CCS say the report's approach is too simplistic, but opponents have called it damning.
Climeworks’ CO2 removal deal with PwC Switzerland suggests both increased interest in its Direct Air Capture (DAC) technology and a tighter focus on emissions by professional services companies.
Large-scale testing has begun to support an initiative aimed at storing carbon emissions in the subsurface of the North Sea.
Neptune Energy and Horisont Energy have signed a memorandum of understanding that will see the two work together to progress the Errai carbon capture and storage (CCS) project in Norway.
Energy majors behind the Northern Lights project have signed what they say is the world’s first commercial agreement on cross-border CO2 transportation and storage with Norwegian chemical group Yara.
Equinor and Wintershall Dea have partnered up in the development of a Carbon Capture and Storage (CCS) value chain connecting continental European CO2 emitters to offshore storage sites on the Norwegian Continental Shelf.
The latest survey on energy costs among British businesses reveals that planned investment in energy efficiency or net zero measures is likely to suffer from increasingly tight margins. Yet it is precisely this that would have provided relief from the current pain.
