Ten years ago there was a major drive to get carbon capture off the ground. But only 30% of the earmarked $8.5bn worldwide was ever spent. Spending timescales were too short, deadlines were missed, projects were too focussed and too complex, and long-term liability was poorly understood and managed. This time it can be different, says Samantha McCulloch at the IEA who compares that faltering history with the plans now being put in place. New … [Read more...]
Will Saudi Arabia build the worldâs largest green hydrogen and ammonia plant?
The Gulf is already a major producer and consumer of hydrogen, mainly for fertilisers and specialty chemicals. Like most hydrogen produced globally, it is the âgreyâ kind made from hydrocarbons. But the regionâs low renewable power costs and abundance of land give it the key components for the industrial scale production of green hydrogen. So in July, the Saudi model city of Neom (Neom means ânew futureâ) and ACWA Power signed a joint venture … [Read more...]
