Carbon Capture Projects

The U.S. Unveils Plans For Large Carbon Capture Facilities

Credit: matthias-heyde-unsplash

The U.S. Department of Energy (DOE) today announced it will spend $1.2 billion for two pioneering facilities—one in Texas, the other in Louisiana—that will remove millions of tons of carbon dioxide (CO2) annually from the atmosphere using a technology known as direct air capture (DAC). 

Combating Global Warming

Part of a controversial effort to combat global warming, the awards represent the first phase of $3.5 billion in funding for DAC hubs set aside in last...

https://mfame.guru/the-u-s-unveils-plans-for-large-carbon-capture-facilities/

ExxonMobil, Chevron Confirm Carbon Capture Projects In Q1

ExxonMobil and Chevron confirmed their commitments to building large-scale projects to address climate change April 30, beginning with a focus on carbon capture, reports S&P Global.

Project in Houston

The companies remain among the world’s largest producers of oil and gas, but the coming energy transition has loomed large and stirred excitement in the last year or so, which was reflected in separate Q1 earnings calls.

Earlier this year, ExxonMobil launched its Low Carbon Solutions business to...

https://mfame.guru/exxonmobil-chevron-confirm-carbon-capture-projects-in-q1/