Underperforming carbon capture projects considerably outnumber successful projects globally, and by large margins, with both the technology and regulatory framework found wanting, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, The Carbon Capture Crux – Lessons Learned, studies 13 flagship large-scale carbon capture and storage (CCS)/carbon capture […]
Carbon Capture Remains A Risky Investment For Achieving Decarbonisation – EQ Mag Pro
Shute Creek in the U.S. underperformed its carbon capture capacity by around 36% over its lifetime, Boundary Dam in Canada by about 50%, and the Gorgon project off the coast of Western Australia by about 50% over its first five-year period. The 90% emission reduction target generally claimed by the industry has been unreachable in […]
IEEFA: Carbon Capture Has a Long History. Of failure – EQ Mag Pro
Despite its long history, carbon capture is a problematic technology Capturing Scope 3 emissions, the biggest chunk of emissions created from using the product, is not being accounted for in “carbon-neutral” claims The entire efficacy of the carbon capture process has been called into question by the Intergovernmental Panel on Climate Change Carbon capture and […]
Utility Global Comes Out With Bold Claims for Cheaper, Cleaner ‘Blue’ Hydrogen
Like the green variety, blue hydrogen is expensive to produce compared to traditional processes. A Utah startup claims a breakthrough. Utility Global, a Utah-based startup focused on solid oxide electrolyzer technology, claims to have received investment offers from oil majors after coming up with what it calls a hydrogen breakthrough. The innovation is a new […]
