ISSN 2753-7757 (Online)

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PICTURE OF THE WEEK

Workers checking equipment at oil field

14/1/2026 News

China’s CNPC reports CCUS ‘breakthrough’ at Xinjiang

Xinjiang Oilfield, a major oil production base in north-western China, stored over 1mn tonnes of CO₂ in 2025, marking what parent company China National Petroleum Corporation (CNPC) has called a ‘breakthrough’ in the country’s large-scale application of carbon capture, use and storage (CCUS) technologies.

Capture technologies

Compact CO2 capture system used in demonstration test

6/4/2022 News

Mitsubishi to perform CO₂ capture demonstration test at cement plant

Mitsubishi Heavy Industries Engineering and Tokuyama have signed a memorandum of understanding to implement a carbon capture demonstration testing programme at Tokuyama’s cement plant in Japan.

Energy transition

Close up of off-road vehicle tyre

8/6/2022 News

New funding will support UK industry to move away from fossil fuels

Over £31mn in new government funding is to support UK industry to reduce its reliance on fossil fuels and slash carbon emissions, helping it to become greener and cutting energy bills.

Storage

26/1/2022 News

California to invest in long-duration energy storage

California, with an economy equivalent to the fifth largest country in the world, has earmarked $380mn for long-duration energy storage projects in the state’s 2022–2023 budget.

Power generation

Aerial view over coal fired power station

17/5/2023 News

New emissions standards proposed for US fossil fuel-fired power plants

The US Environmental Protection Agency (EPA) has proposed new greenhouse gas (GHG) pollution standards for the country’s coal and natural gas-fired power stations in a bid to tackle the climate crisis and protect public health.

Funding

The Northern Lights carbon capture project at Øygarden

13/12/2023 News

Nearly €600mn of new funding committed to cross-border European energy infrastructure

European Union (EU) member states have endorsed European Commission plans (EC) to provide €594mn in funding for eight cross-border energy infrastructure projects that will contribute to decarbonisation and security of supply.

Iron and steel

Inside Steel works

9/11/2022 News

Carbon capture trial targets steel sector decarbonisation

A new collaboration is looking to identify ways in which to enhance carbon capture technologies in the hard-to-abate steelmaking industry.

CCUS

Person pressing CO2 button on a dial

29/3/2023 News

Scaling up Chinese CCUS

China has made significant progress in carbon capture, use and storage (CCUS) technology development in recent years, designing and demonstrating a number of large-scale projects. A new report provides an overview of current CCUS policy and makes recommendations aimed at supporting the scale-up of CCUS in China.

Finance and investment

Solar panels in foreground, wind turbines in mid and background, set against sunrise sky

25/1/2023 News

Global low-carbon investments to rise by $60bn in 2023

Spending on low-carbon projects globally is forecast to increase by $60bn this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilisation and storage (CCUS) infrastructure, according to Rystad Energy.

CCUS

Graphic of green dollar signs

10/7/2024 News

CCUS – a $196bn investment opportunity

Global carbon capture, utilisation and storage (CCUS) will require $196bn in investments by 2034, with North America and Europe leading the charge, according to a new report from Wood Mackenzie. Government funding will play a crucial role, contributing $80bn across five key countries, predominantly the US, UK and Canada.

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