News

Germany’s government cabinet has adopted a draft law to allow and promote the large-scale buildup of carbon storage and transport infrastructure in Germany.

Sarawak has announced its Energy Transition Policy (SET-P), becoming the first state in Malaysia to introduce a comprehensive strategy of this kind. The policy sets out seven key directions for low-carbon energy development.

BHP, the world’s largest mining company, announced a partnership with leading steel and energy companies to assess the feasibility of establishing a regional CCUS hub in Asia on August 11.

Japanese heavy industry firm Kanadevia announced a partnership with Taiwan’s Liang Lian Industries to jointly construct spherical liquefied CO2 storage tanks on July 22. The collaboration targets carbon storage projects in Southeast Asia.

On July 14, the Singapore government announced that three companies, Keppel, PacificLight Power (PLP), and YTL PowerSeraya, have been awarded funding to conduct CCS feasibility studies.

Seiko Epson, the Japanese electronics company, is developing a small carbon capture unit roughly the size of an office printer.

As many countries around the world actively invest in CCUS projects, Taiwan can draw on experiences of early adopters like Norway and Denmark to advance carbon storage practices and strengthen environmental risk management.

Governments across Southeast Asia are looking at carbon capture and sequestration (CCS) as a way to meet climate targets. Critics say CCS costs too much to be commercially viable, and underperforms at capturing carbon.

Carbon capture is set to play a key role in decarbonising the cement and concrete industry, says Jan Theulen, Group Lead Carbon Capture, Utilization and Storage (CCUS) at Heidelberg Materials, one of the world's largest cement makers.

House Republicans proposed tax reforms reducing incentives for low-carbon. However, the cuts are set to be phased in gradually—less aggressively than markets had anticipated—prompting a surge in renewable energy stocks.