Tag: carbon capture and storage (CCS)

Europe’s Dirty Dozen: The 44 Oil and Gas Giants Behind the EU’s 2030 Carbon Capture Push

Europe’s Dirty Dozen: The 44 Oil and Gas Giants Behind the EU’s 2030 Carbon Capture Push

Posted by | Jun 4, 2025 | |

The European Union is mandating that oil and gas companies ensure at least 50 million tonnes of annual CO storage capacity by 2030 under the Net-Zero Industry Act, turning carbon capture into a binding obligation. Companies must submit compliance plans by June 2025 or face penalties, with Denmark already investing $4.31 billion to scale up CCS efforts.

Read More
Europe’s First CO2 Carrier Sets Sail to Tackle Climate Change with CCS Innovation

Europe’s First CO2 Carrier Sets Sail to Tackle Climate Change with CCS Innovation

Posted by | May 19, 2025 | |

Europes first purpose-built CO2 carrier, the Carbon Destroyer 1, has launched to transport captured emissions from industrial sites to permanent storage beneath the North Sea, marking a key step in the EUs carbon capture and storage efforts. The vessel, designed for harsh conditions, will shuttle liquefied CO2 between Denmarks Port of Esbjerg and offshore storage sites, supporting Europes climate goals.

Read More