Energy transition briefs

Cresta Fund Management has agreed to fund Lapis Energy’s carbon capture and storage (CCS) and clean hydrogen projects. Lapis Energy, a Dallas-based CCS company, brings together the strategic expertise of BluEnergy and Viridis Resources. 

Petronas is collaborating with Japan Petroleum Exploration Co (JAPEX) on carbon capture and storage (CCS) opportunities, including suitable carbon dioxide (CO2) storage solutions in Malaysia. The two companies will evaluate optimal capture, storage and transportation methods, as well as estimation of emissions, capture volumes and monitoring methods of CO2 stored underground. 

Tenaris, Saipem and SIAD have signed an agreement to start the design phase of a carbon dioxide capture and utilization (CCU) plant, to be built at the Tenaris plant in Dalmine, northern Italy. The project will capture 30 tonnes of CO2 per day produced by the thermoelectric power plant installed at the TenarisDalmine plant. 

Aker Carbon Capture, Altera Infrastructure and Höegh LNG have signed an agreement to explore a full value chain offering for carbon capture, utilization, and storage (CCUS). The parties will collaborate on offering Carbon Capture as a Service to industrial emitters. 

RWE has signed a concession agreement with the Danish Energy Agency (Energistyrelsen) to construct and operate the Thor offshore wind farm for 30 years. With a planned capacity of around 1000 megawatts, Thor will be Denmark’s largest offshore wind farm to date. The wind farm will be built off the Danish west coast and is scheduled to reach full operation in 2027. 

BP has signed a deal to develop a multiple gigawatt renewable energy and green hydrogen development in Oman, by 2030. BP will capture and evaluate solar and wind data from 8000 km2 of land ahead of development projects. Renewable energy could also supply renewable power for the development of green hydrogen, targeting both domestic and global export markets.