News
News
January 24, 2025
ExxonMobil commits $10 billion to Indonesia’s first large-scale CCS plant
Indonesia's state-owned electricity company PLN revealed that the cost of carbon storage is still much higher than setting up renewable energy power plants. However, PLN remains optimistic about the long-term economic benefits.
January 20, 2025Google embraces biochar for carbon removal, partners with Indian, US startups
The tech giant Google recently revealed long-term agreements with Indian startup Varaha and U.S.-based Charm Industrial, with plans to buy the equivalent of 200,000 tons of biochar carbon credits by the end of 2030.
December 03, 2024Research raises concerns over fossil fuel technologies in AZEC partnership
A study reveals that more than a third of the collaborations under AZEC involve fossil fuel technologies.
November 29, 2024Startup Captura's ocean carbon capture technology aims to slash costs
The development of carbon capture technology has been slow, partly due to high costs. However, the American startup Captura is developing ocean carbon capture technology that promises to halve these costs.
September 12, 2024Google invests $10 mln in Holocene to tackle carbon capture’s cost ‘holy grail’
American tech giant Google has announced a partnership with carbon capture startup Holocene, signing a contract worth up to $10 million. Starting in 2030, Google plans to purchase carbon credits at a very low price of $100 per ton.
July 16, 2024Carbon capture startup raises $37 million to turn CO2 into rock
Carbon capture technology is advancing rapidly and continues to attract significant investment from venture capital firms. Oman-based startup 44.01, which is developing a method to inject carbon dioxide into rocks, announced on the 15th that it has comple
June 03, 2024Rystad Energy identifies Malaysia as key emerging hub for CCS in Asia-Pacific region
Malaysia is among the hubs in the Asia-Pacific region rapidly emerging as key players in the carbon capture and storage (CCS) sector, according to Rystad Energy.
May 21, 2024Japan passes new legislation to facilitate CCS implementation
Japan passed a law on May 17 to establish a permit system for business operators, facilitating the implementation of Carbon Capture and Storage technology, which captures carbon dioxide from industrial emissions and stores it deep underground.
May 17, 2024Malaysia to introduce CCUS regulatory framework, eyes global leadership
Malaysia's Economy Minister Rafizi Ramli has announced that the government will present a progressive regulatory framework bill for Carbon Capture, Utilization, and Storage. The bill is expected to be submitted to the Cabinet in November.
May 13, 2024Shell accused of selling 200 million of “phantom carbon credits”
Energy giant Shell is accused of selling "phantom carbon credits" through a Canadian carbon capture project, which not only generated an additional revenue of 200 million Canadian dollars (about 140 million USD) but captured only half of the amount claime