Shell’s recently published strategy outlines what new form the Anglo-Dutch major plans to take in order to prosper during the energy transition. [Gas in Transition, Volume 1, Issue 2]
An old gasification plant in Indiana will use petroleum coke and biomass to produce hydrogen for power plants and cars. It will also catch and bury the CO2.
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The Global CCS Institute has announced that its membership now includes 100 organisations. This significant milestone caps off 24 months of robust growth in which membership has increased 69%, from 59 to 100.
Members represent a diverse array of industries, governments, small businesses, and research institutions, who all recognise that carbon capture and storage (CCS) is an essential climate change solution, and who support the Institute’s mission: ‘to accelerate the deployment of CCS.’ A full listing of the Institute’s membership can be found here.
Global CCS Institute CEO, Brad Page, said: “The recent growth in our membership reflects the expanding commitments of governments and businesses around the world to deep decarbonisation, and the recognition that we cannot achieve our climate change goals without large-scale deployment of CCS. Despite all of the challenges of the last 18 months, our members have demonstrated their unflagging support for climate
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The Global CCS Institute has welcomed the Australian Federal government’s announcement of AUS$539.2 million in funding for new carbon capture and storage (CCS) and hydrogen projects while stressing the need for long-term emissions reduction policy.
“The announcement from the Morrison government further reinforces that CCS is vital to reaching net-zero emissions by the middle of the century,” said Global CCS Institute CEO, Brad Page.
The announcement, which comes ahead of the climate summit hosted by US President Joe Biden, has pledged AUS$275.5 million to accelerate four regional, clean hydrogen hubs and AUS$263.7 million to support the development of CCS projects and hubs.
Carbon Capture Has To Get As Big As Oil Industry In Less Than 30 Years forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.