Latest Carbon Capture News Aug'21

Latest Carbon Capture News from around the world:

1. 20 TPD CO₂ capture plant in India: NETRA, the R&D wing of NTPC, is setting up a CO2 to Methanol demonstration plant at NTPC Vindhyachal, India. Carbon Clean’s technology will be used to capture 20 tonnes of carbon dioxide per day.
2. CCUS in India: Reliance O2C Ltd is investing substantially in research in carbon capture, utilisation and storage (CCUS) technology to meet the emission reduction targets.
3. CCS in US: The project, dubbed Summit Carbon Solutions, one of the world’s largest carbon capture and storage projects is set to be operational in the Midwestern US in 2024.
4. CCS Status: Currently the world injects only around 40 megatons of CO2 annually, or 2 Bcf/D, for permanent sequestration at 23 CCS projects—19 of which are in the US. As of last year, 65 additional commercial CCS projects were in the development pipeline.
   In its “Net Zero by 2050” report, the International Energy Agency (IEA) said CCS capacity must reach 1.6 gigatons of CO2 annually by 2030. That figure must then rise to 7.6 gigatons per year by 2050.
5. Carbon Pricing: Carbon-capture technology is still expensive – costing as much as $120 a ton in cement production and power generation, according to the IEA. Costs depend on the location of the project and the technology used. That compares to the current cost of pollution permits of about 55 euros a ton. Carbon prices could reach 100 euros as soon as 2025, according to Bank of America Corp.
6. Lobbying for carbon Capture: With the infrastructure bill passed in the USA, Senate Democrats have turned their attention to a budget reconciliation package that could provide even more support for carbon capture and storage. As part of the reconciliation bill, industry lobbyists are pushing to expand an existing tax credit for the technology that has already given hundreds of millions of dollars to oil companies.
7. Carbon Neutral LNG ? Petronas said it “has offset the estimated life cycle carbon footprint of the LNG cargo through renewables-based carbon credits for the emissions generated from upstream gas exploration and production, transportation, liquefaction, and shipping of the cargo.” However, the carbon offsets do not appear to cover regasification and combustion, which make up most emissions in the LNG value chain, said Stephen Stapczynski, an Asia-focused LNG specialist at Bloomberg.
8. Carbon Capture in Cement Industry: The cement industry is one of the largest emitters of CO₂ globally. Currently, the industry accounts for approximately 7-8 per cent of global carbon emissions. world’s first carbon capture installation in cement is being done at Heidelberg plant in Brevik, Norway.
9. Carbon Capture from Air: The U.S. Department of Energy (DOE) announced $24 million in funding for nine research projects to explore and develop new methods of capturing and storing carbon from the air.
10. Next Commodity Cycle: Winners will be the industrial metals needed to electrify society – cobalt, lithium, copper, nickel and aluminium.
11. Biden’s Plan: Now, the central goal of the US Department of Energy, backed with around 750 federal employees and nearly a billion-dollar budget, is to develop better, cheaper ways to clean up climate-polluting industries.
12. World’s first long-term purchase agreement for direct air capture and storage of carbon dioxide, worth USD 10 million over ten years between Swiss Re and Climeworks.
13. CO2 Pipelines: The United States already has about 5,150 miles (8,300 km) of CO2 pipelines. The network is small compared to the national web of oil and gas pipes, but it is the largest in the world. They are mainly gathered around Permian Basin An oil field in western Texas where CO2 is injected into wells to squeeze stubborn crude oil deposits.Income comes from selling gas and billing the federal government Tax credit. It’s worth $ 35 per ton of carbon placed underground.
14. Carbon Capture from Air Challenges: Carbon Capture and Storage from the air is not a simple or inexpensive process, and it requires a lot of energy.  There are four steps: Capturing the CO2, liquefying it, shipping it, and storing it. Capturing CO2 from the air is very difficult because it is only present in a trace amount.  Today it is about four molecules out of every million molecules of air.
15. US Infrastructure Bill:  More than $8.5 billion in funding for industrial and direct air carbon capture technologies, including not just the equipment to suck up CO2 emissions but also transportation networks and pipelines to get it to places where it can be stored. A pool of $3.5 billion to create four regional hubs for direct air capture (DAC), each of which can draw down at least 1 million metric tons of CO2 annually. Roughly $2.5 billion over the next five years to help the Department of Energy create storage facilities for the captured carbon
16. Renewable Diesel: Imperial Oil, ExxonMobil’s majority-owned affiliate, have announced a new complex which will utilise hydrogen with carbon capture and storage (CCS) to produce renewable diesel.