Every industry is trying to reduce its carbon emissions. This trend does the opposite — it sucks CO2 already floating in the air back down and locks it away. It sounds like magic, and the price feels like magic too (today as high as ~$600–1,000 per ton). This lesson is the map that ties the 5 categories of carbon removal together — from how you capture it, to the credit market that pays for it to happen. And we'll say it straight: why this whole industry still stands on "subsidies" and "the goodwill of a handful of buyers" (each category has its own deep-dive chapter).
CHAR Technologies Ltd. has reached substantial mechanical and electrical completion of Phase 1, the first commercial-scale biocarbon production line at its Thorold Renewable Energy Facility, clearing the way for the facility to move into end-to-end commissioning and commercial operations. The Thorold Facility, jointly owned 50/50 between CHAR Tech and The BMI Group, is now awaiting final approvals from the Electrical Safety Authority and the Technical Standards and Safety Authority as each system is brought fully online and up to temperature for commercial biocarbon and pyrolysis gas production. Commercial ramp-up is targeted through October, with production and revenue increasing through calendar year-end 2026 as the facility moves toward its full Phase 1 run-rate; Phase 1 is designed to produce up to 5,500 tonnes of biocarbon per year, supplying customers including ArcelorMittal Dofasco under a previously announced offtake agreement. With Phase 1 construction complete, the company intends to proceed with Phase 2, which includes installation of a second HTP kiln, addition of methanation equipment to upgrade synthetic gas into renewable natural gas, and construction of an onsite RNG pipeline injection point; once the facility begins producing RNG, it will be the first in the world to produce RNG and biocarbon simultaneously from wood waste. Chief Executive Officer Andrew White called the milestone a critical step toward first revenues, adding that hard work remains as the company moves toward the RNG phase of construction and production.
CHAR Technologies Ltd. · Capital · Positive CHAR Tech completed Phase 1 of its Thorold biocarbon line, clearing the way to commissioning, commercial ramp-up and first revenues
ArcelorMittal Dofasco · Demand · Positive ArcelorMittal Dofasco is the named offtake customer for up to 5,500 tonnes/year of biocarbon from the Thorold Phase 1 line
GOWell Energy Technology Begins Nasdaq Trading Under Ticker GOW
GOWell Energy Technology has officially commenced trading on the Nasdaq under the ticker symbol "GOW" following the completion of its business combination with Inflection Point Acquisition Corp. V, a special purpose acquisition company, on September 25, 2026. The Singapore-headquartered company provides well logging technologies and distributed sensing solutions supporting well integrity, environmental risk management and production optimization across geothermal, carbon capture and storage, and natural gas storage applications. The listing gives GOWell enhanced access to public capital markets and strategic flexibility to accelerate innovation and expand its global footprint, the company said. CEO Guillaume Borrel called the listing a defining milestone and said it should enhance visibility in the global marketplace and broaden exposure to a wider base of investors. GOWell maintains a global manufacturing and procurement network with regional hubs in the United States and UAE and operations covering more than 50 countries.
Carbon Removal (DAC) › Direct Air Capture (DAC) Technology
Energy Transition & Power Demand › Geothermal & Firm Renewables Capital
GOWell Energy Technology · Capital · Positive GOWell began Nasdaq trading under GOW after completing its SPAC business combination, gaining access to public capital markets.
IPEX · Capital · Neutral Inflection Point Acquisition Corp. V completed its business combination with GOWell, the SPAC transaction that brought GOW to Nasdaq.
Cowboy Clean Fuels Sells First Carbon Removal Credits via Salesforce-Backed Milkywire Purchase
Cowboy Clean Fuels announced its first carbon removal credit sale, part of a Salesforce-backed purchase through Milkywire, with delivery in 2026. The Wyoming-based climate-tech company said the sale marks its entry into the durable carbon removal market, adding CDR credit sales alongside its carbon-neutral renewable natural gas business. Cowboy Clean Fuels operates a biomass carbon removal and storage pathway in Wyoming's Powder River Basin, injecting agricultural processing residues into depleted coalbed methane reservoirs where microorganisms generate renewable natural gas while carbon dioxide is permanently absorbed onto coal surfaces, with permanence of more than 100 years. The purchases are part of Salesforce's pledge to contract USD 100 million in durable carbon removal by 2030. Milkywire has facilitated purchases of more than $12 million of durable carbon removal across 45+ projects in more than 20 countries.
Cowboy Clean Fuels · Demand · Positive Cowboy Clean Fuels sold its first carbon removal credits, entering the durable CDR market alongside its RNG business.
Milkywire · Demand · Positive Milkywire facilitated the Salesforce-backed purchase of Cowboy Clean Fuels' first carbon removal credits.
CRM · Demand · Positive Salesforce-backed purchase of Cowboy Clean Fuels' first carbon removal credits advances its $100M durable CDR pledge.
PTT Joins Forces with 4 Government Agencies to Sign I-SPARK Rayong Development, Expected Investment of 5 Billion Dollars
PTT Public Company Limited, together with four government agencies, signed a declaration of intent to cooperate in developing the I-SPARK pilot model to build readiness in clean energy and infrastructure for low-carbon industry in the Map Ta Phut area of Rayong Province, at the Gastech Bangkok 2026 event at the BITEC Exhibition and Convention Center in Bangkok. Mr. Kongkrapan Intarajang, Chief Executive Officer and President of PTT, presided over the ceremony, while Mr. Buranin Rattanasombat, Mr. Pirun Saiyasitpanich, Mr. Wattanapong Kurovat, Mr. Warakorn Prammobol, and Mr. Sumet Tangprasert jointly signed I-SPARK, integrating investment projects and key infrastructure across three clusters: Low Carbon Energy & Solution, Shared / Common Infrastructure, and Specialties, Bio & Circularity. These cover LNG, hydrogen energy, ammonia, battery energy storage systems, carbon dioxide capture and storage, sustainable aviation fuel, bio-based products, specialty chemicals, and the conversion of used plastics back into new raw materials. By 2035, investment in I-SPARK projects is expected to reach as much as 5 billion US dollars, and greenhouse gas emissions could be reduced by as much as 9 million tonnes of carbon dioxide equivalent, while laying the foundation for Rayong Province to become a model area that can be expanded to other areas of the country.
PTT.BK · Capital · Positive PTT signed an I-SPARK cooperation agreement expected to draw up to $5 billion in investment across clean energy and infrastructure projects by 2035.
Bitkub Partners with Kathi Zero to Launch Carbon Credit Tokenization, Paving the Way to Green Economy Assets
Bitkub has partnered with Kathi Zero to establish Carbon Credit Tokenization, aiming to drive carbon credits into the world of Green Economy assets. This collaboration brings carbon credits into digital token form through the Bitkub platform together with Kathi Zero. Reports say the initiative aims to open the way for carbon credits to enter the green asset market. This news report was produced by the Thai eFinance news agency, with Prakai Dao Bangsanthia as editor of digital asset news.
Digital Finance & Tokenization › Real-World Asset Tokenization ▲Technology
Bitkub · Technology · Positive Bitkub partners with Kathi Zero to launch carbon credit tokenization on its platform, a new product/technology initiative.
Kathi Zero · Technology · Positive Kathi Zero partners with Bitkub to establish carbon credit tokenization, bringing carbon credits into digital token form.
SEC unveils roadmap for Thailand's capital market toward a green economy, backing Green Bonds and carbon mechanisms
The SEC has unveiled a roadmap to unlock Thailand's capital market toward a green economy, by upgrading ESG and ISSB data and using the Thailand Taxonomy as a compass for its operations. The roadmap covers financial instruments including Green Bonds, Transition Bonds, SRI Funds and carbon mechanisms, to support the flow of capital into a sustainable economy.
PTT Joins Forces with Krungthai to Develop Carbon Credit Linked Derivatives, Boosting Thailand's Carbon Market
PTT, together with Krungthai Bank and PTT International Trading Pte Ltd, is expanding their collaboration on ESG Financial Solutions through the development of Carbon Credit Linked Derivatives, a financial innovation that brings carbon credits to offer businesses additional options for managing financial risk alongside reducing greenhouse gas emissions. The collaboration supports the World Bank Group's Low Carbon Cities and Carbon Market Development Project. Under the partnership, Krungthai Bank brings its expertise in money and capital markets to develop financial instruments, PTT contributes knowledge on sustainable business operations and the transition to a low-carbon economy, while PTTT supports the sourcing of quality carbon credits recognised internationally. This integration of expertise links the financial sector, the energy sector, and the carbon market to lay the foundation for Thailand's Carbon Finance Ecosystem and to support long-term Net Zero goals.
KTB.BK · Technology · Positive Krungthai Bank partners to develop Carbon Credit Linked Derivatives, a new financial instrument leveraging its money and capital markets expertise.
PTT.BK · Technology · Positive PTT contributes sustainable business and low-carbon transition knowledge to develop Carbon Credit Linked Derivatives, advancing its ESG financial innovation.
PTT International Trading Pte Ltd · Supply · Positive PTT International Trading supports sourcing of internationally recognized quality carbon credits for the derivatives, providing the underlying supply.
Agoro Carbon Issues First Soil Carbon Credits Under Microsoft Deal
Agoro Carbon has issued its first carbon credits to its U.S. cropland and pastureland projects, marking the first credit delivery under its 12-year agreement to deliver 2.6 million carbon removal credits to Microsoft, one of the largest soil-based carbon removals commitments in the market. The credits, covering the 2021 and 2022 vintages, were issued after Verra's validation and verification of two projects, VCS 3634 for cropland and VCS 3656 for pastureland, both registered under the VM0042 Improved Agricultural Land Management methodology, v2. Agoro Carbon's program spans 34 U.S. states and includes more than 600 enrolled producers across 2.5 million acres, with annual issuances planned through 2037 and supply beyond the Microsoft agreement available to other corporate buyers. The company has already paid more than $30 million in prepayments to help farmers and ranchers transition to regenerative agriculture, and its sampling program has achieved an average margin of error of 7.06% at 90% confidence from more than 500 growers' data. Agoro Carbon plans to move to Verra's VM0042 v3 methodology once it is published, expected in early 2027, to support Core Carbon Principles eligibility for future issuances.
Agoro Carbon · Demand · Positive Agoro Carbon issued its first soil carbon credits under its 2.6M-credit Microsoft deal, with supply beyond that agreement available to other corporate buyers.
MSFT · Demand · Positive Microsoft receives its first delivery of 2.6M soil carbon removal credits under its 12-year agreement, advancing its carbon removal procurement.
Verra · Regulation · Positive Verra's validation and verification of the two Agoro projects under its VM0042 methodology enabled the first credit issuance.
Relae and Microsoft Release Sixth Edition of CDR Criteria With New Delivery Risk Framework
Relae, formerly Carbon Direct, released the sixth edition of its Criteria for High-Quality Carbon Dioxide Removal in collaboration with Microsoft, adding a delivery risk framework to its quality benchmarks for the first time. First published in 2021 and updated annually since, the Criteria define both a quality floor and an aspirational standard for carbon removal projects. The new delivery risk appendix evaluates open-system and closed-system projects separately using the TECOP framework, covering technical, economic, commercial, organizational, and political factors. The edition also updates quality expectations across six essential principles and pathway-specific criteria for nine pathways, adding direct counterparties, greater rigor for enhanced rock weathering projects, and dynamic baselines for afforestation, reforestation, and revegetation projects. Relae said it will continue refining the Criteria with Microsoft as the science and market evolve.
Relae (formerly Carbon Direct) · Technology · Positive Relae released the sixth edition of its CDR Criteria with Microsoft, introducing a delivery risk framework and updated pathway criteria.
MSFT · Technology · Positive Microsoft co-released the sixth edition of Relae's CDR Criteria, adding a new delivery risk framework to its carbon removal quality benchmarks.
ExxonMobil Builds End-to-End Carbon Capture Business as Texas Approves Rose Project
ExxonMobil is building an end-to-end carbon capture and storage business spanning CO2 capture, transportation and storage, anchored in the U.S. Gulf Coast, which accounts for about one-third of U.S. industrial CO2 emissions. The company estimates its Gulf Coast pipeline network can eventually handle up to 100 million metric tons of captured CO2 annually once fully developed, and it already has agreements to transport and store about 9 million metric tons of CO2 per year for industrial customers. ExxonMobil is expanding its CCS customer base through work with Linde, Nucor, Lake Charles Methanol II and AtmosClear, and its plans gained momentum after Texas regulators approved the Rose carbon capture and storage project, designed to store about 53 million metric tons of customers' CO2 in underground wells in Jefferson County, TX. ExxonMobil expects energy-related CO2 emissions to decline to roughly 30 billion metric tons by 2050 from 36 billion metric tons in 2025, while global CCS is projected to grow from about 30 million metric tons of CO2 in 2025 to 2,000 million metric tons by 2050, short of the roughly 7,000 million metric tons needed to meet global climate goals. Separately, Occidental Petroleum is advancing carbon capture through its low-carbon ventures business, with its STRATOS direct-air-capture project expected to complete commissioning around the end of 2026 and begin operations in 2027, and about $400 million in low-carbon ventures capital spending rolling off beginning next year, while Baker Hughes is broadening its carbon-capture capabilities through its acquisition of Chart Industries.
Vaulted Deep Secures $35 Million Debt Facility From Mediobanca
Vaulted Deep has secured a $35 million debt facility from Mediobanca to expand its national buildout of subsurface waste disposal sites. The financing, arranged by CFP Energy, is the largest publicly disclosed U.S. commercial debt deal in durable carbon removal to be secured by long-term purchase contracts, and was supported by Vaulted's waste service agreements and contracted carbon removal revenue, including offtakes with Frontier buyers. Vaulted delivered more than 20,000 tons of carbon removal to Frontier buyers in the first half of 2026, surpassing its total deliveries for all of 2025, and has increased weekly waste volume sixfold since 2023. The new capital will advance projects through the company's AI-Accelerated Site Development Platform and adds to the $48 million in equity Vaulted has raised to date and its $8 million XPRIZE Carbon Removal award. Artio, a carbon insurance firm, supported the transaction by helping to de-risk the investment.
Banpu's BKV closes deal to acquire gas and CCS assets in US Barnett field
Banpu, or BANPU, announced the successful acquisition of upstream, midstream and carbon capture and storage (CCS) assets in the Barnett natural gas field in the United States through BKV Corporation, a US energy company in which Banpu holds a majority stake. The move underscores BKV's role as the largest natural gas producer in the Barnett field and one of the 15 largest natural gas producers in the United States. The new assets comprise natural gas production capacity of approximately 65 million cubic feet equivalent per day, of which more than 50% is liquid hydrocarbon production, with proved developed producing reserves of approximately 0.35 trillion cubic feet equivalent, covering an area of roughly 117,000 acres, mostly in Montague County, Texas, along with about 1,000 natural gas wells. They also include midstream infrastructure: a natural gas processing plant with capacity of 180 million cubic feet per day, 340 miles of gas pipelines, a 225-mile water management system and two saltwater disposal wells. The assets also include an operating CCS project that captured more than 100,000 tonnes of carbon dioxide over the 12 months to the first quarter of 2026, along with a carbon pipeline and underground injection wells. The entire transaction was funded by BKV's cash together with borrowings under a revolving credit facility. Sinnath Vongkusolkit, Chief Executive Officer of Banpu, said the acquisition marks another important step in disciplined growth to expand its integrated natural gas platform in the United States.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
Carbon Removal (DAC) › Direct Air Capture (DAC) Supply
BKV · Capital · Positive BKV closed an acquisition of Barnett gas, midstream and CCS assets funded by cash and revolving credit, expanding its production and reserves.
BANPU.BK · Capital · Positive Banpu's majority-owned BKV completed the Barnett acquisition, advancing Banpu's integrated natural gas growth strategy.
BCPG Sends Thai T-VER Carbon Credits to International Markets via CMC-MEX Mechanism
The cross-border carbon market collaboration between the Carbon Markets Club, or CMC, and the Macao International Carbon Emission Exchange, or MEX, has been selected as one of the outstanding green finance case studies of China-ASEAN for the year 2026, opening the way for Thai T-VER carbon credits and Chinese green electricity certificates to reach buyers through each other's platforms. Following the signing of a strategic memorandum of understanding on 20 November 2025, in February 2026 three T-VER projects registered with the Thailand Greenhouse Gas Management Organization, a public organization, were listed on the MEX platform: a wind power project in Nakhon Si Thammarat province, a solar power project in Suphan Buri province, and a hydropower project in Laos. Meanwhile, three Chinese Green Electricity Certificate, or GEC, projects from 2025 electricity generation were listed on the CMC platform. The two sides officially launched the mechanism on 26 March 2026 at the 2nd Global Carbon Credit Market Development Forum in the Macao Special Administrative Region of the People's Republic of China, and the first actual transaction followed, with the carbon credits coming from a solar power project of BCPG. Ravie Boonsinsukh, Chief Executive Officer and Managing Director of BCPG, said the success reflects growing demand for high-quality carbon credits, while Gloyta Nathalang, Senior Executive Vice President for Sustainability Management and Corporate Communications at Bangchak Corporation and President of CMC, said the transaction supports future operations under Article 6 of the Paris Agreement. MEX and CMC plan to expand the types and volumes of products on both platforms and to support carbon market connectivity at the ASEAN level over the long term.
Exxon Raises 2050 Emissions Forecast, Warns Coal Use Will Overshoot Climate Targets
ExxonMobil said in its annual Energy Outlook published this week that the world is on course to fail in its efforts to reduce carbon emissions by 2050, largely because of the persistent use of coal. The report estimates coal will account for 15% of the world's energy mix by 2050, down from 25% in 2025 but up by one percentage point from Exxon's previous projection, because coal is still a significant energy source in China and other Asian countries, where it is viewed as vital for energy security. Global energy-related carbon dioxide emissions are projected at 30B metric tons by 2050, about 10% higher than expected a year ago and nearly triple the levels that a United Nations body determined would be needed to limit global warming to 2°C, or 3.6°F, above pre-industrial norms. Exxon Economic and Energy Director Prasanna Joshi said that pace implies the world is on track for a 2.5°C-3.5°C temperature increase by 2050, and the forecast also lowered its global estimate for the amount of carbon that will be captured and stored underground to about 2B metric tons by 2050 from its prior estimate of 3.1B metric tons, because of affordability and the lack of willingness to pay. Global oil consumption will reach 105M bbl/day in 2050, up from 100M bbl/day last year, and global electricity demand is expected to grow 65% by 2050 from 2025, largely in line with Exxon's previous projections.
Energy Transition & Power Demand › Natural Gas Value Chain Demand
XOM · · Neutral Exxon's own Energy Outlook forecasts higher 2050 emissions and coal use, but this is a research projection with no direct financial or operational impact on the company.
DITTO tokenizes carbon credits from 10% of its 170,000-rai area to open the door to investment
DITTO (Thailand) Public Company Limited, or DITTO, has taken carbon credits from roughly 10% of the mangrove reforestation project area it manages, spanning more than 170,000 rai, through a tokenization process to make carbon credits easier for investors and businesses to access. At present, trading of carbon credits in Thailand remains limited because buyers and sellers must match with each other directly and there is still no public market. Thakorn Rattanakamonporn, Chief Executive Officer of DITTO, said at the seminar "Opening the World of Alternative Assets: Filling Out Investment Opportunities" that the Blue Green Token has been verified by the relevant agencies in both carbon credits and digital assets, and that the ICMA standard used for green bonds has been applied. Holders who hold the token for the full seven-year term will receive a principal guarantee, a return of 3% per year, and the chance of additional gains if the value of carbon credits rises in the future. Thakorn said mangroves have the potential to absorb about 9.4 tonnes of carbon per rai per year, and that if Thailand moves from a voluntary carbon market to a mandatory one, it would help raise the standards of Thai products to align with global rules. Wanphat Phasayawan, Assistant Manager of the Investment Banking and Tokenization Division at Token X, said at the same event that Token X, which is part of SCBX, helps those seeking to raise funds to develop projects by using blockchain technology in the process of issuing and distributing tokens. She said the Blue Green Token took about three to four years to develop before the product could be issued.
Vallourec Wins Prinos CO2 Storage Contract in Greece
Vallourec has been selected by EnEarth, a subsidiary of Energean, to supply premium tubular solutions for the first phase of the Prinos CO2 Carbon Storage project in Greece. The contract covers approximately 3,000 tons of casing pipes and accessories, including seamless carbon steel and corrosion-resistant alloy casing pipes equipped with VAM premium connections and Vallourec's CLEANWELL dope-free solution. Located offshore Greece, Prinos CO2 aims to convert a depleted oil reservoir into a permanent CO2 storage site with a targeted injection capacity of up to 2.8 million tons per year and a total proved plus probable storage capacity of 51.5 million tons, according to NSAI's independent Competent Person's Report. The project is recognized by the European Union as a Project of Common Interest and is supported by European and Greek funding programs. Vallourec Chairman and Chief Executive Officer Philippe Guillemot said the award demonstrates confidence in the company's ability to meet the stringent integrity and reliability requirements of permanent CO2 storage, while EnEarth Head of Carbon Storage Nikolas Rigas called Prinos one of the first large-scale Carbon Capture and Storage developments to be built in Europe and the first of its kind in the Eastern Mediterranean.
BANPU benefits as BKV closes Barnett Shale gas deal, adding 6.6% to production
Banpu Public Company Limited, or BANPU, is set to benefit after BKV, in which BANPU holds a 63.3% stake, announced the closing of a transaction to acquire new upstream, midstream and carbon capture and storage assets in the Barnett Shale natural gas field in Texas, United States. The deal was funded with BKV's cash together with borrowings under a revolving credit facility, though the transaction value was not disclosed. The acquired assets have production capacity of about 65 million cubic feet equivalent per day, of which more than 50% is liquid hydrocarbons. Proved and producing reserves stand at approximately 0.35 trillion cubic feet equivalent, covering roughly 117,000 acres, with about 1,000 producing wells, a gas processing plant with capacity of 180 million cubic feet per day, a gas pipeline system of about 340 miles, and a CCS project capable of capturing and storing roughly 100,000 tonnes of carbon dioxide per year. Compared with BKV's current gas production of 978 million cubic feet equivalent per day, this represents about 6.6% of its existing production base. The US gas business accounted for about 24% of total EBITDA in 2025. Asia Plus Securities therefore maintained its fair value for BANPU at 17 baht per share and recommended gradually accumulating the stock on weakness to capture the expected second-half 2026 earnings trend, which is forecast to be better than the first half on seasonal factors.
Alphabet backed its biggest carbon-removal project yet through Terradot, Reuters reported Wednesday, even as its shares slipped approximately 0.9% to $341.72. Terradot plans to deploy enhanced-weathering material across more than 200,000 hectares of rice fields in Brazil, targeting one million metric tons of methane-abatement credits by 2030 and another one million tons of carbon-removal credits by 2040, a removal target roughly ten times the scale of earlier rock-weathering projects. Google already owns an equity stake in Terradot, giving it exposure not just as a buyer of credits but as a financial backer of the technology itself. A 2024 Terradot transaction implied a removal cost of about $300 per ton, while developers see roughly $100 as a level that could unlock much broader adoption, though pricing for Google's latest agreement has not been disclosed. Alphabet's $341.72 share price stands 34.54% above its GF Value estimate of $253.99, putting more pressure on Google's massive AI and infrastructure spending to translate into durable growth.
GOOG · Capital · Positive Alphabet backs its biggest carbon-removal project yet via Terradot, deepening its equity stake and credit exposure as a financial backer.
Terradot · Demand · Positive Terradot secures Alphabet backing to scale enhanced-weathering deployment across 200,000+ hectares of Brazilian rice fields, targeting 1M tons of methane-abatement credits by 2030.
Terradot and Google Launch Largest Enhanced Rock Weathering Project in Southern Brazil
Terradot and Google announced a megaton-scale climate project in Southern Brazil that pairs methane avoidance in rice farming with permanent carbon dioxide removal, marking Google's largest carbon removal purchase to date. Google will purchase 1M tonnes of near-term methane impact by 2030 and 1M tonnes of carbon removal impact by 2040, delivering 1M tonnes of impact by 2030. The project is the largest enhanced rock weathering project ever undertaken and the first of any kind to combine near-term methane elimination with durable carbon removal at this scale. Terradot will help rice farmers across more than 200,000 hectares starting in Rio Grande do Sul adopt Alternate Wetting and Drying, an irrigation practice that periodically drains flooded paddies to cut water use and sharply reduce methane, while spreading naturally sourced crushed volcanic rock on farmland to generate durable carbon removal. Terradot CEO James Kanoff said the project eliminates the trade-off between moving fast on near-term warming and removing carbon permanently, and Google Head of Carbon Removal Randy Spock said the agreement is built to be a template rather than a one-off. As part of the project, Google is providing an R&D grant to Terradot and to Stanford Doerr School's Soil & Environmental Biogeochemistry Lab to strengthen the scientific foundation of AWD as a methane mitigation strategy.
Climate Adaptation & Water › Climate-Resilient Agriculture & Food ▲Demand
Climate Adaptation & Water › Precision Irrigation & Water-Efficient Systems ▲Demand
Terradot · Demand · Positive Terradot lands a megaton-scale deal with Google to deploy enhanced rock weathering and AWD across 200,000+ hectares in Rio Grande do Sul.
GOOG · Demand · Positive Google purchases 1M tonnes of methane impact by 2030 and 1M tonnes of carbon removal by 2040, its largest carbon removal purchase to date.
KBANK injects 600 million baht to back Beacon VC's push into 3 ESG startup projects
Beacon Venture Capital, the venture arm of Kasikornbank, is pressing ahead with investments through the Beacon Impact Fund, part of the bank's sustainable lending and investment allocation. The fund has already deployed a total of 17 million US dollars, or roughly 600 million baht, to generate measurable positive impact on ESG dimensions and to scale its reach across Southeast Asia and other regions worldwide. For 2025, the Beacon Impact Fund has announced additional strategic investments in three key projects: Quantified Energy, a Singapore startup that leads in solar panel inspection technology for utility-scale solar farms using an automated drone-based electroluminescence mapping solution, which set a world record by inspecting more than 1 million solar panels within three weeks; Arkadiah Technology, a Singapore startup offering end-to-end reforestation project development to reduce carbon dioxide through a digital monitoring, reporting, and verification system powered by artificial intelligence; and Raisewell Ventures, a social impact fund from Silicon Valley focused on investing in deep-tech startups in the United States and Southeast Asia, with a strategic emphasis on Thailand in three main areas: climate technology, manufacturing and supply chain, and health technology.
Carbon Removal (DAC) › Carbon Market Infrastructure Capital
KBANK.BK · Capital · Positive Kasikornbank's Beacon Impact Fund deployed ~600M baht into ESG startup investments as part of its sustainable lending allocation.
Beacon Impact Fund · Capital · Positive Beacon Impact Fund announced additional strategic investments in three key projects for 2025.
Beacon Venture Capital Co., Ltd. · Capital · Positive Beacon VC is pressing ahead with investments through its Beacon Impact Fund, deploying $17M and adding three new projects.
Arkadiah Technology · Capital · Positive Beacon Impact Fund announced a strategic investment in Arkadiah Technology as one of three key 2025 projects.
Quantified Energy · Demand · Positive Quantified Energy received a strategic investment from Beacon Impact Fund for its solar inspection technology.
Raisewell Ventures · Capital · Positive Raisewell Ventures received a strategic investment from Beacon Impact Fund for its deep-tech social impact fund.
BANPU launches US integrated gas platform, targets 1.5 million tonnes of carbon storage per year
Banpu Public Company Limited, or BANPU, presented its integrated natural gas business in the United States, known as U.S. Closed-Loop Gas, at Gastech 2026 under the concept The Future Flows Circular, linking operations from natural gas production, midstream business infrastructure and power generation through to carbon capture, utilisation and storage, or CCUS. The platform is driven through BKV Corporation, or BKV, an energy company in which BANPU holds a majority stake and one of the top 15 natural gas producers in the United States, as well as the largest producer in the Barnett gas field in Texas. BKV currently has upstream natural gas reserves, combined cycle gas turbine, or CCGT, gas-fired power plants with total generating capacity of 1.5 gigawatts in Texas, and three carbon capture and storage, or CCS, projects already in operation: Barnett Zero, Cotton Cove and Eagle Ford. It aims to increase its carbon dioxide storage rate to approximately 1.5 million tonnes per year by 2028. BANPU said demand for natural gas in the United States is likely to rise by about 25% by 2030, while electricity demand in Texas's deregulated power market, ERCOT, is expected to increase more than 21-fold by 2032. Given these trends, BKV is pressing ahead with the development of an Integrated Energy Complex in Jack County, Texas, on an area of more than 6,200 acres, and has already filed for approval to connect to the grid to support both power generation and consumption. Sinon Vongkusolkit, Chief Executive Officer of BANPU, said the integrated natural gas business in the United States is one of the key mechanisms driving BANPU's growth through its Carbon-Sequestered Gas, or CSG, solution, a carbon-neutral natural gas covering Scope 1, 2 and 3 greenhouse gas emissions.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
Energy Transition & Power Demand › Behind-the-Meter & On-site Power ▲Supply
Carbon Removal (DAC) › Direct Air Capture (DAC) Technology
BANPU.BK · Demand · Positive BANPU launched its US Closed-Loop Gas platform via majority-owned BKV, citing expected 25% US gas demand growth and surging ERCOT power demand as growth drivers.
BKV · Demand · Positive BKV is the platform driving BANPU's US integrated gas business, with rising US natural gas and Texas power demand supporting its upstream, CCGT and CCS expansion.
EA delivers 57,327 ITMOs in carbon credits to Switzerland's KliK Foundation
Energy Absolute, or EA, disclosed that the Bangkok E-Bus Programme has delivered 57,327 ITMOs in carbon credits under the international cooperation mechanism to the KliK Foundation in Switzerland, bringing the project's cumulative deliveries to 108,960 ITMOs. These ITMOs represent greenhouse gas reductions that have been measured, verified and certified to standard, and have been approved for international transfer under Article 6.2 of the Paris Agreement to support Switzerland's NDC targets. The project puts more than 2,000 electric buses into service in Bangkok and its vicinity, replacing diesel and natural gas buses. Chatchapol Sripratum, Chief Executive Officer of EA, said this achievement shows that the transition to clean energy can deliver real environmental, social and economic results, and that the company is ready to build on its know-how, technology and partnerships to expand its Green Energy Ecosystem into other sectors.
Electrification & Mobility › Commercial & Heavy-Duty Electric Vehicles ▲Demand
EA.BK · Demand · Positive EA's Bangkok E-Bus Programme delivered 57,327 ITMO carbon credits to Switzerland's KliK Foundation, bringing cumulative deliveries to 108,960, a concrete product/credit delivery for its green energy business.
Alfa Laval to Supply Heat Transfer Technology for Stockholm Exergi BECCS Project
Alfa Laval has been selected by Saipem, the EPC contractor for Stockholm Exergi's BECCS project, to supply heat transfer equipment for one of Europe's largest bioenergy carbon capture facilities. The project is expected to begin operations in 2028 and will capture, liquify, and permanently store up to 800,000 tonnes of CO2 annually, representing approximately one to two percent of today's total global carbon capture capacity. Stockholm Exergi's first-of-its-kind large-scale BECCS initiative will run at Europe's largest biomass-based combined heat and power plant in Stockholm, capturing and storing CO2 from the combustion of biogenic fuels. Alfa Laval will supply its Ziepack gas-gas interchanger alongside multiple process plate-and-frame heat exchangers as part of Saipem's EPC contract for the facility. Thomas Møller, President of the Energy Division at Alfa Laval, said carbon capture at this scale is one of the most demanding thermal engineering challenges in the energy transition, while Egil Nybakk, Director BECCS at Stockholm Exergi, said the Ziepack heat exchangers will allow the plant to reclaim energy used in capture and liquification for its existing district heating system.
0NNF.LSE · Demand · Positive Alfa Laval selected to supply Ziepack gas-gas interchanger and plate-and-frame heat exchangers for Stockholm Exergi's BECCS project
Stockholm Exergi · Technology · Positive Stockholm Exergi's first-of-its-kind large-scale BECCS facility will capture and store up to 800,000 tonnes of CO2 annually
0RPI.LSE · Demand · Positive Saipem is the EPC contractor for the BECCS project, engaging Alfa Laval as equipment supplier
REX American Resources Posts Record Q2 on Tax Credits as Volume Stalls
REX American Resources reported the best second quarter in its history on September 2, with net income of $1.06 per diluted share and a 24th straight profitable quarter. Net sales climbed to $168.5 million, gross profit surged to $53.3 million from $14.3 million, and the ethanol producer ended the quarter with $379.5 million in cash and short-term investments as of July 31 and zero bank debt. The results leaned on stronger crush margins, richer byproduct pricing and $18.4 million in Section 45Z federal tax credits, though core gross profit still grew 144% year over year excluding that credit income. Ethanol sales volume was flat at 70.6 million gallons and distillers grains volume slipped to 145,081 tons from 148,017 tons, while selling, general and administrative expenses more than doubled to $15.6 million from $6.2 million. The company's carbon capture project cleared a hurdle on August 17 when the EPA issued draft permits for three Class VI injection wells, but Executive Chairman Stuart Rose said regulatory sign-off on a roughly five-mile connector pipeline from the Illinois Commerce Commission will hold the project up the longest.
Carbon Removal (DAC) › Direct Air Capture (DAC) Regulation
REX · Capital · Positive Record Q2 with net income of $1.06/share, gross profit surging to $53.3M, $379.5M cash and zero debt, boosted by $18.4M in Section 45Z tax credits.
REX · Regulation · Positive EPA issued draft permits for three Class VI carbon-capture injection wells, though an Illinois Commerce Commission pipeline approval remains the main delay.
Google and Mitti Labs Sign Five-Year Rice Methane Carbon Credit Deal
Mitti Labs has announced a five-year carbon credit agreement with Google to scale climate-smart agriculture across 100,000 hectares of smallholder rice farms in India, delivering one million high-integrity credits to Google by 2030 in what the company calls the largest rice methane offtake to date. The partnership will transition over 70,000 farmers to water and methane-savings irrigation practices, aiming to eliminate 3M tons of near-term warming impact, measured as GWP20 and equivalent to 1M tons of GWP100 impact, while conserving billions of gallons of water across critical regional basins. Rice paddies continuously flooded under traditional practices account for more than 10% of global methane emissions, and Mitti Labs says its model cuts up to 50% of methane emissions from rice fields and reduces irrigation volumes by close to 40% while maintaining rice yields. The partnership is projected to deliver billions of liters of water savings across India, equivalent to Bengaluru's annual supply for three years, and Mitti Labs will use Google's support to expand its NASA-supported GeoAI platform, which fuses satellite radar data with field-collected ground truth at the resolution of individual smallholder plots. Kate Brandt, Chief Sustainability Officer at Google, said the company is committed to finding solutions that neutralize warming across both the near and long term, while Mitti Labs co-founder Xavier Laguarta called the partnership a powerful accelerator of its mission to reduce emissions, save water, and strengthen the livelihoods of the 150 million smallholder farmers who grow rice.
Mitti Labs · Demand · Positive Mitti Labs secures a five-year agreement with Google to deliver one million carbon credits and scale its climate-smart agriculture model across 100,000 hectares.
GOOG · Regulation · Positive Google signs a five-year carbon credit offtake deal with Mitti Labs to source one million high-integrity rice methane credits by 2030, supporting its climate/sustainability commitments.
PTT Unveils Solution to Turn Vacant Land into Carbon Assets
PTT Public Company Limited has introduced its "Reforestation & Carbon Management Solution," a comprehensive service for forest restoration and carbon management designed to help businesses transform vacant land into "carbon assets" that generate real value, amid mounting pressure from carbon tax measures and increasingly stringent ESG criteria. One rai of restored forest can absorb an average of 0.95 tonnes of carbon dioxide equivalent per year, and the project has been certified under the T-VER standard by the Thailand Greenhouse Gas Management Organization (TGO). With over 40 years of experience serving industrial clients and more than 30 years of expertise in ecosystem restoration, PTT is also a pioneer in Thailand's forest carbon credit projects, currently operating 22 T-VER forestry projects that generate 14,729 tCO2eq of registered carbon credits annually. In collaboration with the government, PTT has planted forests on over 175,043 rai of land. The preliminary requirements are a minimum plot size of 10 rai with proper land title documents. Consulting fees range from 150,000 to 300,000 baht, and the expert team offers a free initial potential assessment.
PTT.BK · Demand · Positive PTT introduces a new service to help businesses turn vacant land into carbon assets, creating a new revenue stream and addressing ESG demands.
REX American Resources Corp. reported record second-quarter earnings, with diluted EPS of $1.06 versus $0.22 in the prior-year period, driven by stronger crush margins and increased 45Z production tax credit income. Gross profit surged to $53.3 million from $14.3 million, and gross margin expanded to 31.6% from 9.0%. The company recognized $18.4 million in 45Z credits during the quarter, up from $7.5 million sequentially, bringing first-half credits to $26.0 million. The EPA issued draft Class VI permits for three injection wells with combined storage capacity of approximately 90 million tons, advancing the carbon capture and sequestration project at One Earth. One Earth remains on track for construction completion by year-end 2026, with production expected to step toward approximately 175 million gallons and then approximately 200 million gallons by early to mid-2027. REX ended the quarter with $379.5 million in cash and no bank debt, and management expects third-quarter results to exceed the prior-year period.
Sinopec and Partners Launch Global CCUS Cooperation Initiative
China Petroleum & Chemical Corporation, known as Sinopec, joined the International CCUS Technology Innovation Cooperation Organization, Kazakhstan's Ministry of Energy, and the Institute of New Materials and Energy Technologies at Nazarbayev University to launch the Initiative for Cooperation on Low-Carbon Energy Development. Announced at the 2026 International CCUS Technology Conference in Astana, the initiative promotes collaboration on CCUS technologies and standards and greater exchange among professionals. Sinopec has built China's first 100-kilometer dense-phase CO2 pipeline and operates the country's first integrated CCUS demonstration project with an annual capacity of one million metric tons. It is also conducting a joint study with Shell, BASF, and China Baowu on China's first open-access CCUS cluster at the 10-million-metric-ton scale, and preparing a one-million-metric-ton demonstration project at Shengli Oilfield. The International CCUS Technology Innovation Cooperation Organization, established in July 2025, has 60 founding members from more than 20 countries and regions.
Carbon Removal (DAC) › Direct Air Capture (DAC) ▲Regulation
600028.CG · Technology · Positive Sinopec launches global CCUS cooperation initiative and operates China's first million-ton integrated CCUS demonstration project.
BAS.XETRA · Technology · Positive BASF is named as a partner in the joint study on China's first open-access 10-million-ton CCUS cluster.
SHEL.LSE · Technology · Positive Shell is named as a partner in the joint study on China's first open-access 10-million-ton CCUS cluster.
China Baowu Steel Group Corporation Ltd. · Technology · Positive China Baowu is named as a partner in the joint study on China's first open-access 10-million-ton CCUS cluster.
Thailand accelerates Net Zero to 2050, invests 2 trillion baht, sets carbon tax
The Thai government, together with major energy and industrial players such as PTT, SCG, and Thai Airways, is accelerating its carbon neutrality (Net Zero) target to 2050, earlier than the original 2065. It is also moving forward with the draft Climate Change Act, which will impose a carbon tax on upstream products and establish an emissions trading system (ETS), expected to take effect in the third quarter of 2027. Thailand needs at least 2 trillion baht in funding to support climate investments, while the World Bank warns that delays could cause Thailand's GDP to contract by 7-14% by 2050. Meanwhile, PTT plans to invest at least 5 billion US dollars in the iSPARK and CCS Hub projects in the Map Ta Phut area, aiming to reduce carbon emissions by at least 9 million tonnes per year by 2035 and create over 10,000 new jobs.
Energy Transition & Power Demand › Hydrogen & Fuel Cells ▲Regulation
PTT.BK · Regulation · Positive Thailand's accelerated Net Zero target and carbon tax/ETS plans create regulatory tailwinds for PTT's CCS and iSPARK investments.
SCC.BK · Regulation · Neutral SCG is mentioned as a major player in Thailand's Net Zero acceleration, but the article does not detail specific impacts on its operations.
THAI.BK · Regulation · Neutral Thai Airways is listed among major players supporting the Net Zero acceleration, but no specific impact on the airline is described.
UN Warns World Risks Entering Era of Global Warming Exceeding 1.5°C
A major United Nations report states that the global average temperature is likely to rise more than 1.5 degrees Celsius within the next few years, and could reach 1.8 degrees Celsius in the best-case scenario, or 2.6 degrees Celsius if current policies remain. Currently, temperatures have already increased by 1.4 degrees Celsius. This report marks the end of the previous era and indicates that the world may not be able to avoid overshooting the threshold, so the goal must shift to bringing temperatures back below 1.5 degrees Celsius by the end of this century. Debra Roberts, one of the co-authors from the University of KwaZulu-Natal, stated that the level of commitment from countries will determine whether the overshoot lasts for decades or millennia. Reducing temperatures requires accelerating the reduction of greenhouse gases and removing carbon from the atmosphere, both naturally and through technology, including making net emissions negative. At the same time, communities must be helped to adapt to irreversible impacts, such as rising sea levels.
Mercer International secures C$20M Canadian government support; shares surge
Mercer International has secured C$20 million, approximately US$14 million, in financial support from the Canadian government for its Mercer Peace River Pulp subsidiary. The funding includes C$1 million non-repayable and C$19 million repayable, with repayment beginning in 2031. The capital will support productivity improvements and modernization at the Peace River mill in northern Alberta, including preparing the facility for expanded bio-energy production and carbon capture and storage. This builds on the mill's existing CO₂ capture demonstration project. Mercer International shares surged 53% in post-market trading.
Krungsri Securities maintains buy rating on BANPU with target price of 17 baht
Krungsri Securities maintains a buy recommendation on BANPU, with a 2027 target price of 17.0 baht per share, based on a continued recovery trend in 2026 to 2028, when net profit is expected to grow at an average of 68% per year. The natural gas and power plant business in the United States will benefit from rising electricity demand from data centers and the expansion of LNG export capacity. Management expects negotiations on power purchase agreements with major cloud service providers to progress by early 2027. The company aims to increase EBITDA by 1.5 times by 2030 and raise the share of clean energy business to more than 50%, from about 28% in 2023. It plans to expand power generation capacity in the United States by another 200 to 1,200 megawatts and grow its carbon capture business to 1.5 million tonnes per year by 2028, from about 0.4 million tonnes per year currently. For the coal business, the company targets 2026 sales of about 43 million tonnes, up from about 40 million tonnes in 2025, supported by demand for coal as a substitute for natural gas and the impact of the Middle East war on Qatari LNG supply. There is also upside risk to the target price of about 1.2 baht per share from the expansion of power generation capacity in the United States.
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Demand
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
Carbon Removal (DAC) › Direct Air Capture (DAC) ▲Demand
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
BANPU.BK · Demand · Positive Rising US electricity demand from data centers and LNG export expansion boost natural gas and power business; PPA negotiations with cloud providers expected to progress.
Germany Revoked Suspicious Carbon Credits Bought by ExxonMobil
German authorities have withdrawn carbon credits generated by 30 China-based projects, including one funded by ExxonMobil Holdings Corp., after finding them suspicious, overstated, or fake. The projects claimed to save a total of 2.1 million tons of carbon dioxide, roughly equivalent to the exhaust from 500,000 cars in a year, and energy companies that bought the voided credits have been ordered to compensate for the shortfall. The ExxonMobil-funded project claimed to save almost 96,000 tons of CO2 at an estimated €44 per ton, meaning the oil major would have spent about €4.2 million, or $4.9 million, on the credits. A project sponsored by commodity trader Vitol SA was also listed, though it was withdrawn in November 2024 and Vitol said it paid no monies and acquired no credits from it. The German Environment Agency report said Beijing Karbon, the main developer of 45 projects deemed suspicious, had through deception created the appearance of legitimate projects, and details of 24 of the 30 invalidated projects were redacted because probes are ongoing.
Carbon TerraVault begins CO2 injection and revenue at California's first CCS project
Carbon TerraVault Holdings, a subsidiary of California Resources Corporation, has started carbon dioxide injection and revenue generation at Carbon TerraVault I, California's first carbon capture and storage project. The project sources emissions from CRC's Elk Hills Cryogenic Gas Plant. For the second quarter of 2026, the Carbon Management Business reported operating revenues of $1 million, general and administrative expenses of $2 million, other operating expenses net of $7 million, capital investments of $3 million, and an adjusted EBITDAX loss of $8 million. The company provided third quarter 2026 guidance for capital investments of $0 to $2 million, general and administrative expenses of $0 to $2 million, and other operating expenses net of $4 to $12 million, with full-year 2026 guidance for capital investments of $10 to $18 million, general and administrative expenses of $4 to $10 million, and other operating expenses net of $20 to $30 million.
Carbon Removal (DAC) › Direct Air Capture (DAC) ▲Supply
Carbon TerraVault Holdings, LLC · Demand · Positive Carbon TerraVault Holdings starts CO2 injection and revenue at its first CCS project, directly benefiting the subsidiary.
CRC · Demand · Positive Carbon TerraVault I begins CO2 injection and revenue generation, marking a key milestone for CRC's CCS project.
Thryve.Earth secures first corporate offtake commitments for 635,000 tonnes of carbon removal
Thryve.Earth has secured its first corporate offtake commitments totaling 635,000 tonnes of carbon removal to restore 6,000 hectares of degraded land in Sulawesi, Indonesia. Symbiosis Coalition members Google and McKinsey committed to over 335,000 tonnes over 10 years, marking Symbiosis' first agroforestry offtake, while Tencent committed to 300,000 tonnes, its first offtake agreement outside China. The project will use a layered agroforestry system with fruit and timber trees to sequester carbon and provide lasting income for local communities. Thryve.Earth's model builds on decades of field-tested work by the Masarang Foundation, with long-term offtake commitments enabling the upfront financing needed to clear invasive grasses and establish new trees at scale.
Thryve.Earth · Demand · Positive Thryve.Earth secured its first corporate offtake commitments totaling 635,000 tonnes, enabling upfront financing for its agroforestry project.
0700.HK · Demand · Positive Tencent committed to 300,000 tonnes of carbon removal, its first offtake agreement outside China, expanding its sustainability portfolio.
Kita secures Tokio Marine investment and expanded partnership
UK-based carbon insurance company Kita has taken an undisclosed strategic investment from Japan's Tokio Marine Group and agreed to broaden its commercial collaboration. The investment was made through Tokio Marine & Nichido Fire Insurance Co, Kita said on 31 July. The deal deepens an existing relationship with Tokio Marine Kiln, with the companies already having worked on political risk insurance products aimed at carbon credit transactions. Kita said the expanded partnership will now extend to additional Tokio Marine Group companies to support the growth and integrity of global carbon markets. In Japan, Kita and TMNF are developing insurance designed to protect carbon credit buyers against transaction risks, including the possibility that prepaid credits are not delivered as contracted, and will also explore offering carbon project risk assessment services to TMNF customers using satellite-based analytics.
SET Partners with TGO to Develop Carbon Verifiers, Supporting Net Zero Goal
The Stock Exchange of Thailand has signed a memorandum of understanding with the Thailand Greenhouse Gas Management Organization to enhance capacity and increase the number of carbon verifiers in the country's carbon market ecosystem. Mr. Assadet Kongsiri, Director and Manager of the SET, stated that the SET Carbon Platform, which received certification from TGO in 2025, will be used to calculate and disclose greenhouse gas emissions data of listed companies. The data must be verified by experts certified by TGO. The SET will leverage its experience from the SET Exam platform to support examination arrangements and promote learning to elevate the credibility of greenhouse gas data. Mr. Nakorn Trangkaviraput, Director of TGO, said this collaboration will help unlock personnel constraints through the Climate Action Academy and effectively support the growth of greenhouse gas reduction mechanisms. The memorandum of understanding spans three years, aiming to build quality personnel and drive Thailand towards the Net Zero goal sustainably.
Direct Air Capture Market Projected to Reach $18,244.89 Million by 2035
The global Direct Air Capture Market is projected to grow from USD 160.40 million in 2025 to USD 18,244.89 million by 2035, expanding at a CAGR of 34.17% from 2026 to 2035, according to SNS Insider. Government support, tax breaks, carbon pricing schemes, and corporate net-zero commitments are accelerating market growth globally. North America accounted for 46.73% of the overall market revenue in 2025, while the Asia-Pacific region is expected to witness the highest growth rate during the forecast period. In 2025, the Solid Direct Air Capture segment held a 55.46% revenue share, and the Renewable Energy source segment accounted for 42.56% of market revenue. The Carbon Capture and Storage application segment held a 65.35% share, and the Oil & Gas end-use segment contributed 32.45% of total revenue.
Uniper selects SLB Capturi for carbon capture at UK gas power project
Uniper has appointed SLB Capturi as the preferred technology licensor for carbon capture at its proposed Connah's Quay Low Carbon Power project in Deeside, UK. The decision follows a competitive front-end engineering and design process that began in December 2024. The project will use SLB Capturi's Big Catch amine-based carbon capture technology, configured for flexible operation alongside gas turbines to handle fluctuating electricity demand. If the project reaches a final investment decision and subsequent contract awards, it would mark SLB Capturi's first major deployment in large-scale gas-fired power generation. The facility, targeting up to 1.38 gigawatts of generating capacity in two phases, would pipe captured CO₂ to the HyNet industrial cluster for permanent offshore storage, with an initial phase potentially operational from 2030.
Carbon Removal (DAC) › Direct Air Capture (DAC) ▲Technology
Energy Transition & Power Demand › Natural Gas Value Chain Technology
Energy Transition & Power Demand › Grid, Transmission & Power Equipment Technology
SLB Capturi · Demand · Positive SLB Capturi chosen as preferred technology licensor for carbon capture at Uniper's Connah's Quay project, marking potential first major deployment in gas-fired power.
UN0.XETRA · Demand · Positive Uniper selects SLB Capturi for carbon capture at its UK gas power project, advancing its low-carbon strategy.
Gevo Appoints Former ADM Chief Science Officer Todd Werpy to Its Board
Gevo has appointed Todd Werpy, a veteran scientist and former Chief Science Officer at Archer-Daniels-Midland Company, to its Board as a Class II director effective August 20, 2026, with a term running through the 2027 annual stockholders' meeting. Werpy brings deep expertise in commercializing bio-based technologies, carbon-efficient processes, and biomass-derived chemicals, aligning with Gevo's low-carbon fuels and carbon abatement ambitions. The appointment reinforces Gevo's technical depth but does not materially alter the near-term focus on monetizing carbon credits and clean fuel tax credits, nor the policy and financing risks tied to those revenue streams. Gevo's narrative projects $230.1 million in revenue and $20.8 million in earnings by 2029, requiring 9.7% annual revenue growth and a $54.6 million earnings improvement from a current loss of $33.8 million. The company recently expanded into the $12 billion carbon removal market through its BECCS-focused gevocarbon.com platform, concentrating attention on its ability to certify, sell, and price carbon dioxide removal credits.
Canada
