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Iona Capital invests in Carbon Capture Scotland Limited

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By Iona Capital

November 16, 2023

Project DevelopmentCaptureUtilization

Iona Capital has invested in Carbon Capture Scotland, one of the leading net zero carbon capture and use companies in the UK. Iona’s investment in CCSL follows their commercial agreement for CCSL to capture and reuse the green CO2 from it's UK plant.

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Oxy Oman and OQ Gas Networks SAOC announced the signing of a Memorandum of Understanding (MoU) to jointly study potential CCUS projects in Oman.

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The International CCS Knowledge Centre released a new report to help companies across heavy-emitting industries understand the key federal and provincial supports that are in place or proposed for CCUS projects in Alberta, Canada.

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ABB and Imperial College London signed a 10-year contract to continue their carbon capture technology partnership. The only teaching facility of its kind uses over 250 instruments and sensors to measure and relay data to a distributed control system

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The Council for Geoscience and Sasol have signed a Memorandum of Understanding to collaborate, explore and develop carbon capture and utilisation and storage (CCUS) potential in South Africa.

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In the presence of Bulgaria’s Minister of Innovation and Growth, and representatives of Heidelberg Materials and the local community, the start of construction for the pilot carbon capture installation was celebrated yesterday in Devnya.

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Well decommissioning experts Well-Safe Solutions are adding carbon capture and storage (CCUS) and geothermal project capabilities to their offering with the appointment of Alexa Duncan as the company’s first Energy Transition Manager.

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The Honourable Dr. Andrew Furey, Premier of Newfoundland and Labrador, on October 17th announced a new CCUS Innovation Challenge in an effort to accelerate decarbonization

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Svante Technologies and Storegga announced that they have signed a memorandum of understanding (MoU) to collaborate to deliver integrated carbon capture, utilization, and storage (CCUS) projects around the world.

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Mhairidh Evans, head of CCUS research for Wood Mackenzie, said that urgency is needed to meet the seven billion tonnes carbon capture (Btpa) required to meet net zero goals in 2050 while speaking at Wood Mackenzie’s CCUS conference in Houston

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Petrofac has been awarded an Engineering, Procurement and Construction contract by ADNOC Gas for its Habshan CCUS project, one of the largest carbon capture projects in the Middle East and North Africa region.

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Tom Buis, CEO at American Carbon Alliance, will keynote the general session panel on November 7th. Buis has been a respected leader in renewable energy for fifteen years. He will be speaking about carbon capture and the future of farm income.

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ADNOC and Fertiglobe announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100% owned nitrogen fertilizer plant in the Al Ruwais Industrial Complex, Abu Dhabi, UAE.

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C-Crete Technologies is developing a method for using carbon dioxide captured at industrial sources or from the air as an ingredient in its cement-free concrete, in work accelerated by $2 million in funding from the US Department of Energy.

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The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, released Canada’s Carbon Management Strategy at the International Energy Agency in Paris, France

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An ambitious new research Hub focused solely on technologies to transform carbon dioxide emissions opened on September 28th at Monash University.

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The U.S. DOE's Office of Fossil Energy and Carbon Management announced up to $17.2 million to evaluate the potential for unconventional oil production through a combined process that uses captured CO2 emissions for enhanced oil recovery.

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GE Vernova, CARBONCO, bp, PLN Nusantara and Jawa 1 signed an MOU to jointly carry out a feasibility study to develop a CCUS value chain and joint solutions to decarbonize gas power plants in Indonesia, powered by GE Vernova power technology.

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ADNOC has announced a final investment decision to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region.

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HIF Global announced at the IAA Summit in Munich, Germany the development and installation of a Direct Air Capture unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024.

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Value Group has announced that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy.

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The Government of Canada’s proposed regulations for an investment tax credit for CCUS projects include strong provisions to support jobs for skilled tradespeople, apprentices and construction workers.

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AGC Inc. and Mitsubishi Gas Chemical have agreed to begin the study regarding the production and sale of methanol made from CO2 generated from AGC’s architectural glass production, by applying the methanol production technology developed by MGC.

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Heidelberg Materials announced that Mitsubishi Heavy Industries, Ltd. (MHI) has delivered and installed a compact CO2 pilot capture system “CO2MPACTTM” at its cement plant in Edmonton, Alberta, Canada.

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The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management announced ts intent to launch a “Responsible Carbon Management Initiative.”

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The Global CCS Institute welcomes the UK government’s decision to fund two additional CCUS cluster projects. The UK government has selected Acorn CCS and Viking CCS under the Track-2 cluster sequencing process.

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Carbon Upcycling Technologies Inc., a leader in circular decarbonization solutions for hard-to-abate sectors, including cement, steel, and mining, has closed a US$26 million Series A funding round co-led by BDC Capital’s Climate

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Babcock & Wilcox announced that it has been awarded a contract by NorthStar Clean Energy to conduct a Bioenergy with Carbon Capture and Storage engineering study to convert a coal-fired power plant in Michigan to use biomass fuel.

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Mubadala Energy and Pertamina have entered into an agreement to discuss, explore and potentially engage in energy transition initiatives, primarily focused on carbon capture, utilization and storage applications in Indonesia.

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GAIL and LanzaTech have entered a partnership to explore innovative technology solutions that advance GAIL’s Net Zero 2040 goals and have the potential to support wider decarbonization applications globally.

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