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• BP Revises Strategy, Maintains Selective Investment in Hydrogen Amid Broader Cuts to Green Energy Spending
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• BP Revises Strategy, Maintains Selective Investment in Hydrogen Amid Broader Cuts to Green Energy Spending

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Other articles in the issue

• Frontier Backs Phlair’s Next-Gen Direct Air Capture with $30.6M Investment

  Frontier is investing $30.6 million in Phlair’s electrochemical direct air capture (DAC) technology, which removes CO₂ using an all-electric process instead of high-energy thermal methods. The funding will support Phlair’s Project Dawn in Alberta, Canada, aiming to make DAC more cost-effective and scalable.

• Residual Aims to Redefine Carbon Removal with Innovative Project Development

  Residual, founded by former Oka and BeZero Carbon executives, aims to develop large-scale, high-quality carbon removal projects with a focus on long-term sustainability. The company is prioritizing biomass-based carbon removal technologies like biochar and BECCS, starting in Brazil to leverage its vast biomass resources.

• Air Products, Air Liquide Signal Cooling of Hydrogen Enthusiasm

  Air Products is canceling multiple hydrogen projects in the U.S., citing regulatory and market challenges, while Air Liquide is reassessing its hydrogen initiatives based on U.S. policy shifts. Despite these cutbacks, both companies continue selective investments in blue hydrogen and carbon capture projects.

• Comstock Fuels Completes Financing with Marathon Petroleum

  Comstock Fuels secured a $14 million investment from Marathon Petroleum to advance its lignocellulosic biomass refining technology. The funding will support increased pilot production and the development of renewable fuels, including sustainable aviation fuel (SAF).

• Allen Family Foundation Awards $5M to Support and Study Six Nature-Based Carbon Removal Projects

  The Paul G. Allen Family Foundation awarded $5 million in grants to six Pacific Northwest projects using nature-based solutions for carbon removal and storage. These projects, led by Native American and First Nations partners, focus on ecological restoration, seaweed farming, and sustainable forestry practices.

• Bison Low-Carbon Ventures Inc. Receives AER D065 Approval for the Meadowbrook Carbon Storage Hub

  Bison Low Carbon Ventures received regulatory approval for the Meadowbrook Carbon Storage Hub, set to begin operations in Alberta by late 2025. The project aims to provide large-scale CO₂ sequestration for industrial emitters, expanding in phases as demand grows.

• Leading the Charge: Top Companies Driving Global CCUS Expansion

  Leading global companies are driving CCUS expansion, with the U.S., UK, and Canada among the top countries investing in large-scale carbon capture projects. Major industry players like ExxonMobil, Shell, and Equinor are spearheading initiatives to advance carbon storage and utilization technologies.

• This $100 BILLION Industry Is Hiding in Plain Sight! Big Oil's Bet on Carbon Capture

  This episode of the CleanTechies Podcast features Todd Bush, an expert in carbon capture, discussing the latest trends, challenges, and financial aspects of CCUS. The conversation explores how oil & gas is investing in carbon capture, the impact of 45Q tax credits, and what’s needed for large-scale adoption.

• MODEC Enters Into Offshore Carbon Capture FEED Contract with SAMSUNG E&A, Deploying Carbon Clean’s CycloneCC Technology

  MODEC and SAMSUNG E&A are launching an offshore carbon capture pilot using Carbon Clean’s CycloneCC technology on a Floating Production, Storage, and Offloading (FPSO) vessel. This first-of-a-kind deployment aims to decarbonize offshore oil and gas operations, with potential future scaling across MODEC’s fleet.