UK consortium plans ‘world’s largest’ direct air capture plant in Teesside
Progressive Energy, Mission Zero Technologies and Airhive have teamed up to build the UK’s first commercial direct air capture (DAC) facility in Teesside, capturing 60,000 tonnes of CO₂ annually by 2032. The project will connect to the Northern Endurance Partnership carbon capture and storage network and aims to reach a final investment decision in 2028, […]
Europe’s carbon capture and storage plans falling behind schedule
IOGP Europe data shows that cancellations and postponements have cut the announced CO₂ storage pipeline from 43 Mtpa to 35 Mtpa by 2030; only 0.025 Mtpa of injection capacity is currently operational and projects that have reached final investment decisions represent just 2.9 Mtpa. The European Commission’s own first assessment found that plans from obligated […]
National Grid secures over £1 million for innovation projects
Five projects led by National Grid and its electricity distribution arm have secured more than £1 million in funding from the latest cycle of Ofgem’s Strategic Innovation Fund (SIF), which awarded £22.9 million to 18 projects across the UK. Projects address challenges from rising electricity demand due to data centres, electrification and offshore wind, focusing on digital […]
Brussels plans carbon market overhaul to keep industry on board
A draft European Commission document proposes to extend free emissions allowances for heavy industries that invest in decarbonisation and maintain production in Europe. In return, governments would need to spend more of their EU ETS… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Energy security, electrification and the ocean: A trio of global inflection points
OPEC production collapse: OPEC’s oil output fell to 20.04 million barrels per day in April, its lowest level since at least 2000, after the closure of the Strait of Hormuz and a US‑led blockade slashed… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]