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News
March 20, 2024
CCS market size projected to grow by 104.5 million tons by 2027
Carbon Capture and Storage market is forecasted to increase by 104.5 million tons from 2023 to 2027. Additionally, the market is expected to grow at a CAGR of 22.91% during the forecast period.
December 08, 2023Indonesia’s carbon storage ambition could be a risky business
Indonesia officially launched its first Carbon Capture and Storage (CCS) project at the end of November. However, experts believe that Indonesia faces significant risks in becoming a hub for carbon storage.
November 28, 2023Indonesia launches construction of first carbon storage project
Indonesia's president Joko Widodo launched the construction of a carbon capture, utilization and storage (CCUS) project in West Papua province operated by BP Plc on Nov. 24, making it the country’s first carbon storage project.
October 02, 2023Indonesia’s Pertamina, BP work on Tangguh CCUS collaboration
Pertamina and BP are exploring a potential collaboration in the carbon capture, utilization, and storage project at the Tangguh natural gas field, which may involve producing blue ammonia.
September 26, 2023Malaysia, Japan to discuss carbon storage with plans to begin in 2028
Japan will hold talks with Malaysia on storing power plant and industrial emissions in the Southeast Asian nation, with an aim of the first shipment in 2028.
September 25, 2023Oil giants bullish on carbon capture projects in Indonesia
ExxonMobil and BP executives expressed optimism about the oil firm’s carbon capture projects in Indonesia, suggesting they provided a solution to the global need to balance emissions reduction and energy security.
August 02, 2023UK government to invest £20bn for CCS project in Scotland
UK announced an investment of £20 billion for the development of carbon capture, utilization, and storage projects in Scotland and the Humber.
July 31, 2023Honeywell offers CCUS solutions to carbon-intensive industry in Indonesia
In order to meet Indonesia's carbon capture regulations, Honeywell provides a full suite of Carbon Capture, Utilization and Storage solutions to support high carbon emission industries.
July 28, 2023Indonesia’s Pertamina signs four deals to explore CCS, CCUS partnerships
Indonesia's Pertamina signed four agreements to explore potential developments of carbon capture storage projects in the country. The largest economy in Southeast Asia is aiming to accelerate the realization of its renewable energy goals.
July 17, 2023Exxon boosts CCS business with $4.9 Denbury acquisition
Exxon Mobil agreed to buy Denbury for $4.9 billion on July 13, to accelerate its energy transition business with an established CO2 storage operation.