Drax submits plans to build world’s largest carbon capture and storage project

Renewable energy company Drax has submitted plans to build the world’s largest carbon capture facility at its North Yorkshire power station. The company plans to invest £2bn in the 2020s in its plans to develop two bioenergy with carbon capture and storage (BECCS) units, creating and supporting thousands of jobs in the North and enabling the UK to lead the world in a vital new technology needed to address the climate crisis. Work to build BECCS at Drax could start as soon as 2024 and once operational the two units…

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Carbon Clean raises $150m in record carbon capture funding round

Carbon Clean, has closed the largest ever equity funding round for a point source carbon capture company, taking a major step towards its goal of delivering industrial decarbonisation on a gigatonne scale by the mid-2030s. Carbon Clean has raised U.S. $150m from existing investor Chevron, who led the round, alongside CEMEX Ventures, Marubeni Corporation and WAVE Equity Partners and new investors, AXA IM Alts, Samsung Ventures, Saudi Aramco Energy Ventures and TC Energy. To date, Carbon Clean has raised $195m, having closed its $30m Series B investment round in August…

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Veolia Carbon Clean joint venture announces carbon capture milestone

Veolia Carbon Clean – a joint venture between Carbon Clean, a leader in cost-effective carbon capture solutions, and Veolia, the global leader for optimised resource management – is celebrating its first project milestone and revealing a new corporate identity.  The joint venture is committed to reducing industrial carbon dioxide emissions and helping India achieve its climate goals through the development of a series of carbon capture and compressed biogas (CBG) projects. The joint venture’s first project milestone is a two-year contract with Tata Steel for the operation and maintenance of…

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Drax and Mitsubishi Heavy Industries sign pioneering deal to deliver the world’s largest carbon capture power project

Drax Group and Mitsubishi Heavy Industries Engineering, Ltd., part of Mitsubishi Heavy Industries (MHI) Group, have agreed a long-term contract for Drax to use its carbon capture technology, the Advanced KM CDR process™️, in what would be the largest deployment of negative emissions in power generation anywhere in the world. The contract, which combines UK innovation and world-leading Japanese technology, will see Drax license MHI’s unique carbon capture solvent, KS-21™️, to capture CO2 at its power station near Selby, North Yorkshire. Drax is already the largest decarbonisation project in Europe,…

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Tide Reinvents Clean on Journey to Decarbonize Laundry with Efforts to Turn Consumers to Cold, Explore Carbon Capture and Reduce Virgin Plastic

Tide®, America’s #1 trusted laundry detergent brand1, announced today its 2030 Ambition, a set of broad-reaching sustainability and purpose-driven commitments, spanning Tide’s full United States and Canadian supply chain and community initiatives. Tide is reinventing clean on its journey to decarbonize laundry at every step– from design, manufacturing and distribution to consumer use and end of life.To make this goal a reality, the brand will focus on key areas.In 2020,Tide reduced absolute greenhouse gas (GHG) emissions in its direct manufacturing by more than 75% annually versus a decade ago and…

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