News

Carbon dioxide storage is emerging as a potential multi-billion-dollar revenue stream for oil giants like Exxon Mobil and Shell, which are under pressure to rein in the unfettered burning of fossil fuels.

2025 World Exposition in Osaka will exhibit a dome made from a new form of carbon-capturing concrete, with the potential to make a huge impact in greening the construction sector, which currently make up for 40% of greenhouse emissions worldwide.

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.

Exxon Mobil and Shell have announced a collaboration with the Singaporean government to initiate a cross-border carbon capture and storage (CCS) project. The partnership aims to significantly dimmish Singapore's CO2 emissions.

The National Water Agency along with the University of California, Los Angeles (UCLA), and the American startup Equatic, announced on Feb. 28 a $20 million investment to construct the largest-ever offshore carbon removal facility in Tuas, Singapore.

Singapore has become the first country to sign a letter of intent (LOI) with Indonesia on cross-border collaboration on carbon capture and storage (CCS) following a new Indonesian law to allow it.

CATL has received approval to construct its first offshore wind farm. Additionally, it has been discovered that the company has also established a carbon asset management company, signaling its commitment to a significant development in CCU technology.

Massachusetts Institute of Technology (MIT) research team has presented a new carbon capture solution focusing on removing carbon dioxide (CO2) from the oceans worldwide.

Indonesia has issued a presidential regulation regarding carbon capture and storage (CCS), allowing CCS operators to set aside 30% of their storage capacity for imported carbon dioxide.

The latest research, conducted by academics at the University of Surrey in the UK, suggests that AI may help revolutionize carbon capture technology.