Carbon Offsets Daily

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  • Author:
  • Published: May 29th, 2009
  • Category: Europe
  • Comments: 1

North sea beds could become carbon capture storage tanks

| Sourced From Edie.net |

The UK and Norwegian governments are jointly researching the possibility of storing carbon dioxide under the north sea.

Both countries have today, May 28, commissioned a joint study looking into how quickly the sea bed could be needed for carbon dioxide storage and what the UK, Norway and other countries have to do to get it ready.

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  • Published: May 1st, 2009
  • Category: UK
  • Comments: None

Scotland ready for carbon capture and storage technology, says Salmond

| Sourced From PublicTechnology.net |

Scotland is ready to strengthen its European lead in both renewable energy and oil and gas by including carbon capture and storage, First Minister Alex Salmond said yesterday.

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Carbon Capture and Storage Gets First Try-Outs Around the World

| Sourced From Discover |

In large industrial experiments across the globe, factories and power plants are trying to capture the carbon dioxide that streams out of their flues in order to bury it deep underground. Researchers believe the greenhouse gas will stay put for thousands of years and therefore wont contribute to global warming, but the costs and long-term effects of the procedure are still unclear. The experiments currently underway are expected to determine whether carbon capture and storage will allow nations to continue burning fossil fuels for energy without ill effects.

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Carbon Capture and Storage 2009 Conference to Provide the Latest in Policy and Funding Information

| Sourced From EMediaWire.com |

Portland, Maine (PRWEB) April 2, 2009 — The current political and economic atmosphere is placing alternative energies at the forefront of most political platforms. With the EU proposing to allocate close to �3.5 billion towards carbon capture and storage and the new US administration’s focus on moving towards cleaner energies, carbon capture and storage technology is even more prominent in today’s climate discussions. IntertechPira’s 2009 Carbon Capture and Storage World Summit, set for September 22 – 24, 2009 in Washington DC, will provide the latest in policy and funding information, as well as technology and industry updates.

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Berlin agrees carbon capture rules

| Sourced From FT.com |

German ministers have agreed on guidelines for the introduction of technology that prevents the release of carbon dioxide from power stations.

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Shell and Essent to join forces on carbon capture and storage

|Sourced From Energy Efficiency News|

Shell and Dutch energy company Essent are joining forces to look into the feasibility of a 1000 MW low-carbon power plant in southwest Netherlands.

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Ottawa urged to match $2b carbon initiative

| Sourced From Canada.com |

Premier Ed Stelmach called on the federal government Thursday to cough up a matching $2 billion for carbon capture and storage technology, the same day Ottawa rolled out a series of austerity measures during tough economic times.
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  • Published: Nov 6th, 2008
  • Category: UK
  • Comments: None

BP and RWE shock UK carbon capture competition

The UKs competition to build a demonstration carbon capture and storage (CCS) plant is under pressure, after oil and gas giant BP pulled its bid and RWE npower announced it is seeking a High Court appeal of the governments decision to exclude it from the shortlist.
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EU still missing funds for carbon storage plants

Commitments to finance carbon capture and storage demonstration plants are not forthcoming, despite progress by EU member states on finalising a legal framework for the geological storage of CO2 captured during power generation.
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PGNiG working on storing carbon dioxide in mines

The management board of Polish Oil and Gas (PGNiG) believes that in 2012 it might launch a pilot program of storing carbon dioxide in its mines
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Oil Industry Must Step Up Cooperation on Carbon, Executive Says

Oct. 20 (Bloomberg) — Oil and gas companies need to step up cooperation with each other and with regulators on carbon capture and disposal to help address climate change, said Leo Roodhart, president of the Society of Petroleum Engineers.

The global financial crisis, which threatens to slow international efforts to tackle global warming, makes collaboration more important, Roodhart, who is also head of strategic innovation at Royal Dutch Shell Plc’s international unit, said in an interview.

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US DOE Team to Monitor Carbon Sequestration Project Using Underground Apparatus

While Canadians debate carbon tax and Aussies fight over the emissions scheme, the US Dept of Energy is taking a shot at the controversial carbon sequestration plan. The Southeast Regional Carbon Sequestration Partnership (SECARB), which is a part of the DOE, has set up sophisticated underground apparatus to monitor CO2 injected for an oil recovery program.

DOE to Monitor Carbon Sequestration Project

Apart from being a step towards large-scale sequestration projects, the current study will also assist in evaluating the type of apparatus required to ensure secure storage of carbon dioxide. Approximately 250K-500K metric tons of carbon dioxide will be pumped around 10,000 feet into the ground every year for this sequestration research.

Although CO2 injection isnt that new an approach for Enhanced Oil Recovery, what needs to be tested largely is the safety of the whole process, especially the safety of underground water resources from being contaminated by the injected gases.

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Energy Consultancy Reports Commercial Clean-Coal Unexpected Till 2020

The Chinese and Aussies are trying hard to make coal-fired power plants a relatively better choice in terms of their environmental impact, but it seems their efforts wont get enough fruits in the near future. In a recently released report, Australian energy consultancy ACIL Tasman claims the dream of commercial clean-coal technology would remain a dream until at least 2020.

Clean Coal Unexpected Till 2020

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Hedge Fund Invests $500 Million in Carbon Projects

New York based Och-Ziff Capital Management is going to invest a whopping $500 million in carbon infrastructure projects. The initiative involves a partnership with Blue Source LLC – a reputed climate change portfolio of greenhouse gas emission credits along with carbon capture and sequestration (CCS) projects. The hedge fund has also reportedly taken a ten per cent stake in Blue Source.
Hedge Fund Invests $500 Million in Carbon Projects

A major chunk of the funds will go towards the development of carbon and methane capture technologies. In particular, special emphasis will be laid on a project that Blue Source is currently working on, that is, establishing a “carbon highway” – a network of pipelines running across North America that will capture, transport and safely bury harmful greenhouse gas emissions.

Investments will also be undertaken to increase energy efficiency and reduce carbon and other emissions engendered by the production of power, fertilizer and natural gas, coal mining and waste water treatment.

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UK Working for Commercial Feasibility of CCS

Researches and MPs are pressing the British government to do more for commercialization of carbon capture and storage (CCS) as the country heads towards a major display of CCS technology in 2014. It is expected that the winning bidder to receive funding for this CCS demo would be chosen within the next 12 months; the bidder will have to demonstrate burial of 2 million tonnes of CO2 per annum generated by a 400 MW coal-fired plant.

G8 countries mutually decided to kick start 20 CCS units by 2010; however, only a few nations including the UK are going for a commercial approach on this matter, which is essential for the long-term success of CCS since the costs of launching and operating a CCS plant are huge.

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