Energy Post

Daily reports on the European and Global energy transition

Oil & Gas can meet 2030 net-zero target for only $600bn, quickly recouped. But it’s still not happening, warns IEA

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The IEA summarises its 33-page report “Emissions from Oil and Gas Operations in Net Zero Transitions”. The IEA says the oil and gas sector needs ÂŁ600bn up front to meet its 2030 target of a 60% reduction in emissions. That’s only 15% of the sector’s record 2022 energy-crisis windfall income. A small price increase and savings should recoup that money “quickly”, says the IEA. The IEA not only maps a way to limit the global average temperature rise … [Read more...]

EU Carbon Removal Certification Framework: new rules to turn greenwashing into genuine removals

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The EU Carbon Removal Certification Framework intends to drive forward technological and natural carbon removals, and prevent greenwashing through robust standards and certification procedures. It’s to deal with the existing poorly monitored carbon removals market: the lack of oversight, transparency, trustworthiness, and genuine climate impact (additionality) of projects and certificates. Simon Göss at carboneer looks at the current proposals, … [Read more...]

IEA’s new CCUS projects database: a tool for driving much needed progress

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The IEA has made available for the first time its CCUS projects database. The number of countries with plans to develop CCUS now stands at 45, with seven more countries - in central and southern Europe, the Middle East, and Southeast Asia – joining the list in 2022. The database covers CO2 capture, transport, storage, and utilisation projects worldwide commissioned since the 1970s, and have an announced capacity of more than 100,000 tonnes/year … [Read more...]

Direct capture of CO2 from seawater: new research cuts costs, ready for pilot in 2025

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Direct capture of CO2 from the air is already established in pilot phase in sites around the world, but costs are very high. So it is puzzling that capturing CO2 direct from the sea is yet to be tested properly. After all, the concentration of CO2 in seawater is more than 100 times greater than in the air, pointing at a process that should be much more efficient. David Chandler at MIT looks at research there that has uncovered cheaper and more … [Read more...]

Germany is developing a strategy for Carbon Capture and Storage to meet its 2045 net zero target

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Germany cannot become carbon neutral by 2045 without carbon capture, explains Simon Göss at carboneer. It’s why the German government is developing a Carbon Management Strategy for CO2 storage and utilisation. Projections reveal that around 30m tons of CO2 will have to be captured, transported, reused or disposed of by 2045. The focus will be on industrial processes and waste. Göss lays out the background to Germany’s strategy, including possible … [Read more...]

Steel decarbonisation: Australia must stop making excuses and follow Europe’s lead

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Australian steel makers, major global exporters, must stop making excuses about decarbonisation and look to Europe for a role model, argues Simon Nicholas at IEEFA. A pattern of behaviour by Australia’s steel makers reveals that their excuse is that low-carbon solutions are not yet ready, leaving only promises of carbon capture (as yet unproven at scale) some time in the future. Nicholas notes that these promises will never have to be kept by the … [Read more...]

Event Summary: “CHINA: Carbon Neutral by 2060 – The Future of Gas”

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Here are the written highlights of our 2-day 4-session workshop “CHINA: Carbon Neutral by 2060 – The Future of Gas”, compiled by Helena Uhde at ECECP. Here you can quickly see the main points made by our expert panellists. Global events have made gas the hottest of issues, and the implications for both Europe and China are strongly reflected in all the sessions. The four session topics were Security of Supply, CCUS for the Gas Sector, Competitive … [Read more...]

Electrochemical CO2 removal: efficient, cheaper, first industrial client

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Leda Zimmerman at MIT describes a method of removing CO2 electrochemically, now being taken forward by MIT spin-off company Verdox. Electrodes are coated with polyanthraquinone. When it is charged, CO2 sticks to it. When it’s time to store it away, the charge is reversed and the gas is expelled as a pure stream of CO2. The technology works in a wide range of CO2 concentrations, from the 20% or higher found in cement and steel industry exhaust … [Read more...]

INTERVIEW: ANDREA STEGHER Vice President International Gas Union “We need every instrument at our disposal to fight climate change”

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Energy Post's Matthew James talks to Andrea Stegher, Vice-President of the IGU about price caps, security of supply, CCUS, Markets and Renewable Gases ahead of our conference "The Future of Gas" tomorrow and Thursday online from 09:00 to 12:15 both days. You can REGISTER NOW. In the interview, Andrea talks about the importance of cooperation, innovation and above all a need to invest in all the instruments available to fight global warming - … [Read more...]

Carbon Capture is a risky decarbonisation pathway: 13 flagship projects reviewed

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The debate around the effectiveness of carbon capture (you can register now for our CCUS session on Wednesday at 10.45 - Editor) has led to polarising views. Although the first implementations began 50 years ago, serious efforts to capture large volumes cost-effectively are in their infancy and unproven at scale. Is it, given time and support, a solution to excess emissions worldwide? Or is it a distraction that will allow fossils to be used yet … [Read more...]

Engineered soil microbe can convert CO2 20 times faster than natural photosynthesis

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New research led by the U.S. Department of Energy’s SLAC National Accelerator Laboratory and the Max Planck Institute for Terrestrial Microbiology in Germany has shown how a bacterial enzyme found in the soil can be made to convert carbon dioxide into carbon compounds 20 times faster than plant enzymes do during natural photosynthesis. As Glennda Chui at Stanford University explains, it’s very early days but could open a door to artificially … [Read more...]

Event Summary: “CHINA: Carbon Neutral by 2060 – Innovation”

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Here are the highlights of our 2-day 4-session workshop “CHINA: Carbon Neutral by 2060 - Innovation”, compiled by Sara Stefanini. It’s a quick and efficient way for readers to see the main points made by our expert panellists. Held at the end of May, it was the fourth of our EU-China workshops since the first was held in November 2020, produced for the EU China Energy Cooperation Platform (ECECP). As always, leading speakers from the EU, major … [Read more...]

Biologically produced Ethylene for plastics can become a carbon capture leader

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Ethylene is a key component of the world’s vast appetite for plastics. But it’s normally made using fossils as a feedstock, and is energy-intensive to produce. So the chemicals industry has long sought a way to biologically manufacture ethylene. It would be a double-win for clean energy: it would capture CO2 and displace the fossil-based feedstocks. Connor O’Neil at NREL describes new research that makes ethylene in a “one-step” process fuelled … [Read more...]

World’s biggest Carbon Capture project: Shute Creek’s “sell or vent” business model isn’t working

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ExxonMobil’s Shute Creek CCUS facility is the world’s largest carbon capture project. But since its launch in the 1980s half of that CO2 has been vented into the atmosphere, with most of the rest sold for pumping it underground to push out more oil from depleted wells (called Enhanced Oil Recovery). Only 3% has been sequestered underground, explain Bruce Robertson and Milad Mousavian at IEEFA, following their study based on publicly available … [Read more...]

Russia-Ukraine: Support for U.S. Oil & Gas producers must tie them to low-emissions investments

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Like many countries, the U.S. is set to raise oil and gas production to compensate for cuts in Russian imports consequent to the war in Ukraine. The danger is that short-term solutions to sky rocketing fossil fuel prices will take precedence over climate targets. But Ben Cahill at CSIS explains how this is an opportunity for the Biden administration to give support to fossil energy producers with one hand and extract solid commitments on … [Read more...]