Middle East Investment in Global Climate Tech Surges Almost 200%: PwC Report
Middle East's global green tech investment soars 200% to $5B in 2023, defying a global decline. Local innovators face a funding gap, receiving <2%.
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CCUS
ADNOC Announces Pioneering Investment in MENA's Largest Carbon Capture Project
6th September 2023 - Abu Dhabi, UAE: Abu Dhabi National Oil Company (ADNOC) has unveiled a major commitment to sustainability with its final investment decision (FID) to embark on one of the most ambitious carbon capture projects in the Middle East and North Africa (MENA) region. This visionary project, known
CCUS
U.S. Approves $1.2 Billion in Grants for Innovative Carbon Capture and Storage Projects
USA, September 11, 2023: In a significant stride towards combating climate change, the United States has greenlit grants totaling USD 1.2 billion for two pioneering Direct Air Capture and Storage (DAC) facilities, poised to revolutionize the battle against carbon dioxide (CO2) emissions. These projects, located in Louisiana and Texas,
The UK Unveils Ambitious Biomass Strategy, Gains Industry Applause
10 August 2023: The UK government has released its latest biomass strategy, focusing on detailing the country's plan to expand the cultivation of forestry and agricultural crops within its borders. This expansion aims to address the growing need for bioenergy. The Biomass Strategy outlines the actions planned by the government
Stanlow Terminals and Eni UK Forge Agreement To Develop CO2 Transport and Storage Projects
8th August 2023: Stanlow Terminals Ltd, the leading independent provider of bulk liquid storage in the UK, has entered into a Memorandum of Understanding (MoU) with global energy company Eni UK Ltd. This collaboration aims to investigate the potential for creating solutions related to the collection, transportation, and storage of
NZTC To Offer £1.2M funding To 12 Low-Carbon Tech Start-ups
July 13, 2023: The Net Zero Technology Centre (NZTC) is offering clean energy start-ups worldwide the opportunity to join its TechX Accelerator program's 2024 cohort and compete for a share of the generous £1.2M grant funding, with each start-up eligible for up to £100,000. Supported by esteemed partners
Denmark On Track To Control Carbon Capture Market With EU Support
Jul 6, 2023: The Danish government is allocating substantial funds to position the country as a prominent European hub for carbon capture and storage (CCS), a crucial technology in the EU's plans to achieve net-zero emissions by 2050. Denmark's objective is to stimulate the emerging CCS industry by offering subsidies,
Sustainable Solutions for a Carbon-Neutral Future: A New Frontier of Climate-Friendly Materials
As we face the realities of climate change, the importance of reducing carbon footprint has become more evident than ever before. In this quest for a more sustainable future, a new frontier has emerged in the form of climate-friendly materials that have the potential to capture and store carbon dioxide.
UK’s Carbon Capture Efforts Get a Boost With BP’s Investment In Viking CCS Project.
11 April, 2023: BP has purchased a 40% share in the Viking CCS project in the UK from Harbour Energy, as the government strives to speed up the development of carbon capture and storage. The Viking initiative aims to repurpose old depleted gas fields located off the coast of the
CCUS ZEN Announces Ambitious Plans to Accelerate Carbon Capture in Europe
The CCUS ZEN (Carbon Capture, Utilisation and Storage Zero Emission Network) has declared its intention to expedite the implementation of CCUS technology in Europe by pinpointing two appropriate industrial clusters where it can be deployed. The organisation plans to initially identify four clusters that show potential in the Mediterranean and
Lehigh University Researchers Develop A Breakthrough Method To Store Carbon Into The Ocean
31 March, 2023: Lehigh Engineering researcher, Arup SenGupta, has developed a breakthrough method for capturing carbon dioxide (CO2) from the air and safely storing it in the ocean. The innovative technology utilises a copper-containing polymeric filter called DeCarbonHIX, which converts CO2 into sodium bicarbonate commonly known as baking soda, that
CCUS
European Union Reveals Ambitious Plans to Lead Global Renewable Energy Transition
The European Union on 16 March, 2023 revealed its strategy to establish itself as a major global player in the worldwide shift towards renewable energy. Its Net Zero Industry Act outlines an objective to produce a minimum of 40% of its own sustainable technology by the year 2030. Under the