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• California Resources Corporation Completes Combination with Aera Energy
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• Maritime Partners Acquires E1 Marine, Paving the Way for Hydrogen-powered Maritime Solutions

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Other articles in the issue

• California Resources Corporation Completes Combination with Aera Energy

  California Resources Corporation (NYSE: CRC) announced today the completion of the all-stock combination with Aera Energy, LLC (Aera). The issuance of shares was approved by CRC shareholders at a special meeting held on June 26, 2024, where CRC shareholders voted in favor of the stock issuance necessary for the closing of the combination of CRC and Aera.

• Ole Vesterbæk Resigns as CFO of Green Hydrogen Systems

  Today, Green Hydrogen Systems has received the resignation from Ole Vesterbæk, Chief Financial Officer (CFO) of the company. The resignation follows Ole Vesterbæk’s decision to take on a new position outside Green Hydrogen Systems. Ole Vesterbæk continues as CFO until end of September. The process of finding a new CFO for Green Hydrogen Systems A/S will be initiated immediately.

• Yara Clean Ammonia, Scatec, ECHEM and MOPCO sign Heads of Terms for renewable ammonia offtake agreement in Egypt

  Oslo and Cairo, 1 July 2024: Scatec ASA, a leading renewable energy solutions provider, and its partners, ECHEM and MOPCO, have agreed on Heads of Terms for renewable ammonia offtake from Egypt with Yara Clean Ammonia, the world's largest trader- and distributor of ammonia.

• Geoscience BC Explores Granite Wash Formation for Carbon Storage Solutions

  Texas has opened over a million acres of offshore, state-owned waters for companies to propose injecting greenhouse gases underground for permanent disposal, aimed at mitigating climate change. This June, Texas’ General Land Office issued its largest request for proposals yet, marking the fourth since 2021. The areas now available include waters in Lavaca Bay, Matagorda Bay, far southern Laguna Madre, and offshore from South Padre Island, Matagorda Island, Freeport, and the Bolivar Peninsula.

• Enzyme-treated Rock Particles Are Accelerating Carbon Sequestration

  In a first-of-its-kind trial project, a CO2-removal method known as enhanced rock weathering (ERW) is being combined with biotechnology to accelerate atmospheric CO2 sequestration. FabricNano (London, U.K.) and Veolia (Paris, France) have embarked on a partnership wherein enzymes applied to rocks are being used to permanently store atmospheric CO2 via ERW.