NEWSLETTER | March 2020

Here are some highlights of the Institute and the global CCS community from the last month.

Shifting gears on CCS in Brussels

In February, the Institute hosted an event in Brussels with the UK Mission to the European Union. This event on industrial decarbonisation focused on role of CCS in supporting the industrial transition and featured an excellent and diverse line-up of speakers which included representatives from the UK Department of Business, Energy and Industrial Strategy, London Stock Exchange Group, Carbon Clean Solutions and  Zero Emissions Platform. This was also the opportunity for the Institute to present the findings of its Global Status of CCS report.

     

The next wave of carbon capture and storage

At the end of January, the Atlantic Council's Global Energy Center hosted the Institute's US launch of the Global Status of CCS report. The event gave an overview of the global landscape of CCS facilities, the next generation of projects and relevant policies taking shape globally.


     

US Internal Revenue Service publishes guidance to implement carbon capture tax credits

The US Internal Revenue Service has published the first parts of the long-awaited guidance on the 45Q carbon capture tax credit. The two released documents offer partial guidance to companies whose projects may qualify for tax credits, the requirements for investments and the construction requirements. The Institute is currently reviewing the released documents.


READ IRS PRESS RELEASE

     

Japan Ministry of Environment holds CCUS and Hydrogen Symposium

Over 300 participants attended the CCUS and Hydrogen Symposium organised by Japan's Ministry of Environment to showcase the country's CCUS ambition and initiatives. Representatives from Japan, UK and US governments highlighted the significant resources deployed for research, development and deployment and the need to continue to foster deep international collaboration to accelerate the deployment of CCUS technologies and projects. The Institute's Senior Advisor for Advocacy Lee Beck presented at the event on the global developments of clean hydrogen and CCS projects.


MORE ABOUT THE EVENT

     

Institute at iCCUS conference in Saudi Arabia

The Institute moderated several panel discussions at the first CCUS and Hydrogen Forum hosted under the patronage of Saudi Arabia and Bahrain. The event gathered over 800 private sector participants from around the world actively working on CCS project development.

     

The European Green Deal: New opportunities to scale up carbon capture and storage

The Institute's Senior Advisor for Climate Change Policy Eve Tamme gives an overview of the European Green Deal and its extensive list of initiatives being rolled out in the coming weeks and months, looking at what it means for CCS deployment in Europe.


DOWNLOAD PAPER

     

Institute Member attracts $16 Million in investment

Carbon Clean Solutions recently announced that it has attracted $16 million in fresh funding from three global investors including WAVE Equity Partners, Chevron Technology Ventures and Marubeni Corporation. The investment will be used to deliver an existing pipeline of global projects to significantly reduce emissions from industry. The company will also invest in the development of “containerised” solutions to achieve important cost reductions.


READ PRESS RELEASE

     

Here's why capturing and storing CO2 is key for the clean energy transition

Following the Institute's high-level breakfast event in Davos in January, the Institute's CEO Brad Page writes a blog for the World Economic Forum on the importance of CCS technologies to deliver significant emission reductions for industry and how policymakers and industry can deliver on this ambition.


READ BLOG

     

UPCOMING EVENTS

9th Annual  DC Forum on 
Carbon Capture and Storage
3 March | Washington DC

Delivering negative emissions with bioenergy, biofuels & waste-to-energy
19 March | Webinar
   

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