TOPIC

Carbon capture and storage

Carbon capture and storage
For some carbon-intensive industries such as cement production and aviation, affordable decarbonisation technologies do not exist as they are still under development. Capturing the carbon emissions, storing it in safe underground or undersea caverns, or utilising it in industrial applications is a much-needed interim solution for reducing greenhouse gas emissions and mitigating climate change.
last updated:
9 September, 2024
Climeworks’ direct air carbon capture plant in Orca, Iceland. Photo: Handout
Business of climate change

Swiss unicorn makes green investment pitch to Hong Kong investors

Climeworks, the builder of the world’s largest carbon capture plant, is seeking investors for ambitious multibillion-dollar ventures.

Business of climate change

Hong Kong developers form group to cut carbon emissions in building industry

Climate change

Inside Out | Big Oil threatening to turn Cop29 into fight over industry’s future

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Climate change

Opinion | Steel industry forging new identity as champion of sustainability

The efforts of the steel industry show that even the most traditional sectors can adapt and thrive in a low-carbon economy.

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An employee prepares to move a steel bar in the ArcVac ForgeCast factory in West Bengal, India, on April 26. Many producers are shifting to electric arc furnaces, which can use up to 100 per cent scrap metal, unlike traditional blast furnaces. Photo: Reuters
Business of climate change

China limits approvals for coal-based iron and steel plants

All the steel projects approved by China in the first half of the year are based on electric arc furnaces, which are one-third as carbon-intensive as traditional coal-based facilities.

Climate change

Opinion | Let’s get real, carbon capture is not the next big net-zero hope

Much of the time, it simply lets oil and gas multinationals justify continuing capital-intensive energy projects in the name of decarbonisation.

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Business of climate change

Saudi Aramco reiterates oil-based ties, support for China’s clean energy rollout

Saudi Aramco reiterated its conventional oil supplier ties with China and will help Beijing accomplish its carbon neutral goal by jointly developing clean energy.

An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Photo: Reuters
Business of climate change

China starts work on third liquefied carbon carrier in a boon for ESG

Dalian Shipbuilding Industry is building a third specialist vessel ordered by Northern Lights for transporting liquefied carbon dioxide to sites for permanent geological storage.

Business of climate change

Tencent’s US$13.9m funding plan to support CCUS and carbon removal in China

Chinese tech behemoth to fund technologies that prevent carbon dioxide emissions and suck the greenhouse gas from the atmosphere.

Explainers: Business

Explainer | Can carbon capture and storage technologies fight climate change?

Unchecked greenhouse gas emissions could accelerate the climate crisis. To prevent such a catastrophe, governments and private companies are undertaking carbon capture and storage projects to limit – and hopefully – reverse the damage.

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Greenhouse gas emissions from many sources including power plants are contributing to global warming. Photo: AP
Business of climate change

Shell-led team to study China carbon project with massive capacity

Shell and its partners will undertake a feasibility study to build a commercial project with a capacity to store millions of tonnes of carbon dioxide.

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China’s success in decarbonising its economy is crucial in the fight against global warming and climate change, analysts say. Photo: AP Photo
Business of climate change

Climate change: carbon capture projects are not living up to their promise

Almost 75 per cent of the carbon capture utilisation and storage (CCUS) projects worldwide has been used for enhanced oil recovery to boost oil and gas production, a report has found.

Business of climate change

Carbon capture and storage tech too risky an investment, report finds

The risks of investing in carbon capture and storage (CCS) projects are still high, despite their potential and promise of driving down carbon dioxide emissions to mitigate climate change.

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Business of climate change

China needs more carbon capture, energy storage tech for new power system

Coal-rich and natural gas-poor China must place bigger gets on both carbon capture and energy storage technologies, as it navigates a decarbonisation route that includes a huge renewable energy buildout while ensuring energy security, analysts said.

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A gas storage area in China’s northeastern Liaoning province. Photo: Xinhua
Business of climate change

Shell, Exxon join study to build China’s first major carbon storage project

Shell and ExxonMobil have signed an MoU with Guangdong government and China National Offshore Oil Corp to conduct a feasibility study for a carbon capture and storage project off the coast of Shenzhen.

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China is the world’s largest emitter of carbon dioxide, accounting for 9.9 billion tonnes in 2020, or 30 per cent of the global total. Photo: AFP
Climate change

Yale professor calls for more R&D on carbon capture, cutting solar radiation

Governments and businesses should step up support for research to reduce the costs of technology for capturing and story carbon dioxide and other alternatives such as bouncing of solar radiation to cool the Earth.

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Business of climate change

Chinese cement makers face ‘carbon capture technology challenges’

An undeveloped market for the collected gas means corporate efforts remain at a pilot stage, says president of Calgary-based Delta CleanTech.

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China’s carbon neutral goal

Sinopec says it has started building China’s largest carbon capture project

China Petrochemical Corporation, or Sinopec, said on Monday that it had started building a carbon capture, utilisation and storage project in east China, the largest of its kind in the country, as part of its goal to be carbon-neutral by 2050.

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The carbon capture, utilisation and storage project is expected to start operations at the end of this year, Sinopec says. Photo: Bloomberg
Climate change

China’s plan to double carbon capture capacity by 2025 hinges on funding

China could add eight large-scale carbon capture, utilisation and storage projects by 2025, but for these projects to get off the ground they need to overcome the main hurdle of securing funding, IHS Markit said.

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Green finance

China’s carbon neutral goal needs a lot of heavy lifting by industries

Airlines, shipping, buildings materials, chemicals and power producers, the biggest emitters of carbon dioxide, are expected to do the heaviest lifting over the next four decades for China to meet its carbon neutral goal by 2060.

Energy

How can China cut pollution and meet its energy needs?

Coal consumption is surging in China, despite official plans for clean energy. To reduce emissions, the country should develop carbon capture technology on a mass scale.

The temperature reached record highs on four continents in 2018. Carbon capture is a way to curb carbon emissions and possibly get global warming under control. Photo: AP

Chinese researchers develop low-cost method of carbon capture

Chinese scientists have developed a material that provides a low-cost, highly-efficient method of carbon capture that could be used in the battle to reduce greenhouse gas emissions.

Team sheds light on carbon capture
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