April 16, 2024
BY Mizuho Bank, Ltd.
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Four final rules deliver on the Biden-Harris Administration’s day-one commitment to lead on climate action and to protect all communities from pollution.
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management announced two projects selected to receive a total of $23.2 million to evaluate the potential of oil and gas production and geologic storage of carbon dioxide (CO2) from unconventional reservoirs through a combined process that uses captured CO2 emissions to recover residual oil—called CO2 enhanced oil recovery.
Deep Sky, a Montréal-based carbon removal project developer, and Carbfix, the world’s first CO2 mineral storage operator, have partnered to explore CO2 mineral storage in Canada. A pre-feasibility study of Quebec’s potential reservoirs for CO2 mineral storage will conclude in June.
Technip Energies has been awarded a Front-End Engineering Design (FEED) contract by Viridor for the Carbon Capture and Storage (CCS) project at one of the United Kingdom’s largest Energy-from-Waste facilities in Runcorn, United Kingdom.
On 11 April, the Research Council of Norway announced an investment of 180 MNOK in a new research centre on carbon capture, transport and storage (CCS) in Norway. gigaCCS is a Centre for Environment-Friendly Energy Research (FME) that will advance Norway’s expertise in CCS, as well as support the global implementation of CCS at a gigatonne scale.