In Belgium, the European Commission has approved, under EU State aid rules, a €3 billion Swedish scheme to support carbon capture and storage aimed at reducing carbon dioxide released during the combustion or processing of biomass (‘biogenic CO2′). The measure will contribute to the achievement of Sweden’s climate targets and the EU’s strategic objectives under […]
In Texas, CapturePoint has closed on a private Section 45Q direct transfer tax credit transaction for carbon dioxide (CO2) captured at the company’s Arkalon facility near Liberal, Kansas and utilized for Carbon Dioxide Enhanced Oil Recovery (CO2-EOR) operations in the panhandles of Oklahoma and Texas. The CapturePoint Arkalon CO2 capture facility has the capacity to […]
In California, Alto Ingredients, Inc. has entered into an exclusive nonbinding letter of intent and is nearing the execution of definitive agreements to develop a carbon capture and storage (CCS) project with Vault 44.01 (Vault) at Alto’s Pekin campus in Pekin, IL. The letter of intent provides that Alto will install equipment to capture carbon […]
In Washington, the Congressional Budget Office examined the status, federal support, and future potential of carbon capture and storage (CCS) in a new report. CCS is used to only a small extent today; various factors will affect the degree to which it is used in the future. Status of Carbon Capture and Storage. Fifteen CCS […]
