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December 25, 2023

UK’s new CCUS Vision to create competitive carbon capture market

The UK government announced its new vision to create a carbon capture market by 2035. The plan, called the CCUS Vision, outlines a competitive UK carbon capture, usage and storage market aimed at generating new jobs and supporting its net zero goal.
December 08, 2023

Indonesia’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, 2023

Indonesia 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.
November 27, 2023

Petronas, Japanese firms aim to start CO2 storage by end-2028

Japanese firms have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy company Petronas which should begin commercial operations by the end of 2028, Japan Petroleum Exploration Co (JAPEX) said on November 20.
November 16, 2023

Indonesia advances CCS partnership with US oil giants, eyes petrochemical project

Indonesia's state energy firm, Pertamina, along with U.S. oil majors Exxon Mobil and Chevron Corp, is progressing in their discussions to invest in carbon capture facilities.
November 10, 2023

TNB teams up with Petronas to develop CCS for gas-fired power plants

Malaysian utility company Tenaga Nasional Berhad (TNB) has worked with state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) to explore carbon capture and storage (CCS) technology for gas-fired power plants.
November 08, 2023

TNB eyes hydrogen, CCS solutions to meet data center industry’s energy needs

Malaysia’s utility company Tenaga Nasional Bhd is exploring carbon capture and storage and hydrogen-based generation solutions to address the sustainable electricity consumption needs of the growing energy-guzzling data center industry.
November 07, 2023

Malaysia aims to draw foreign investments in EV, carbon capture

Malaysia is seeking foreign investors in high-value industries such as electric vehicles (EVs), semiconductors and carbon capture, according to its trade and investment minister.
October 31, 2023

S&P says CCUS not making sufficient progress to achieve 2050 climate goals

According to an outlook report by S&P Global Commodity Insights, that the world is not making enough progress to achieve the necessary CO2 reductions by 2050 in the carbon capture, utilization, and storage (CCUS) market.
October 26, 2023

Lotte, SK Group sign MoU to boost carbon capture development

South Korea’s SK Group subsidiaries SK IE Technology Co., SK Innovation Co. and Lotte Chemical have announced their partnership by signing a memorandum of understanding on Oct. 23 with the goal of entering the carbon capture market.
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