<![CDATA[News]]> en Fri, 10 Sep 2021 17:44:05 +0000 <![CDATA[Canadian Federal Government Provides Incentives for Two New Carbon Capture Hubs]]> https://carbonneutrality.institute/us/carbon-capture/canadian-federal-government-provides-incentives-for-two-new-carbon-capture-hubs A couple of months ago, the Canadian Federal Government Prime Minister Justin Trudeau announced that Canada would cut carbon emissions by 40-45% from 2005 levels by 2030 and increase the carbon price to C$ 170/tonne by 2030 from the current C$ 40. Currently, the application of carbon capture utilization and storage (CCUS) technologies would become a trillion-level global business with the government's policy support and increasing investment from public and private firms.

The two carbon capture and storage hubs included in the government's incentives would be constructed by 2030 and make Canada the leading country to demonstrate CCUS technologies. There are already four CCUS projects operating in Canada that can capture 4M tonnes of CO2 per year. By 2030, Canada can capture 15M tonnes of CO2 annually with continuous investment and facility construction. The increasing carbon price is attracting more and more private investment to the CCUS industry.

Source: https://www.reuters.com/world/americas/exclusive-canada-pushes-build-2-new-carbon-capture-hubs-document-2021-08-30/

]]> https://carbonneutrality.institute/us/carbon-capture/canadian-federal-government-provides-incentives-for-two-new-carbon-capture-hubs Fri, 10 Sep 2021 17:44:05 +0000 <![CDATA[Climeworks Launched World’s Largest Direct Air Capture Plant in Iceland]]> https://carbonneutrality.institute/us/carbon-capture/orca On Sept. 8, 2021, The Swiss carbon capture company, Climeworks,  launched their new direct air capture (DCC) plant, Orca, in Iceland. Climeworks and its Icelandic partner Carbfix hosted the launch event. "Orca" comes from the Icelandic word for "energy." Orca combines Climeworks' innovative DCC technology with the  CO2 storage ability and operation provided by Carbfix, which can process 4000 tons of CO₂ annually and is the largest DCC facility. 

In Aug. 2020, Climeworks signed an agreement with Carbfix and ON Power in Iceland. Carbfix is a carbon storage pioneer that can safely store the captured CO2 underground. ON Power can provide the energy required by the DCC process with renewable geothermal power. In Dec. 2020, Climeworks started Orca's two phases construction process, which took six months. Climeworks mounted orca's first collector containers in Jan 2021 and finished all eight collectors' installations in Mar 2021. Then, Climeworks completed all outside installations, piping connection, and process installations.

Sources: https://climeworks.com/orca 

]]> https://carbonneutrality.institute/us/carbon-capture/orca Fri, 10 Sep 2021 16:41:03 +0000