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A new Texas-based carbon sequestration and hydrogen development company, Lapis Energy, recently received origination funding from the private equity firm Cresta Fund Management to launch clean hydrogen and low carbon projects across the globe.
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A joint venture (JV) between carbon capture specialist Carbon Clean and resource management company Veolia has announced its first project milestone, a two-year contract that will see the partners taking on the operation and maintenance of a carbon capture plant for Tata Steel.
Offshore driller Transocean will later this year send its 2016-built semisub rig Transocean Enabler to support the Northern Lights carbon capture storage project, a joint venture between Equinor, Shell and TotalEnergies.
As part of the project, the rig, which is under contract with Equinor until 2024, will drill one carbon injection well and a sidetrack for another carbon injection well drilled in early 2020.
Carbon capture and storage (CCS) involves the trapping of man-made CO2 underground to avoid its release into the atmosphere. Because of the scale with which it could be applied, CCS is identified as a critical technology to reduce CO2 emissions to achieve global climate goals.
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