BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

October 26, 2020 by  
Filed under Business, Eco, Green

Comments Off on BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

BP, Shell, oil giants fund research into mobile carbon capture from ships at sea Michael Holder Mon, 10/26/2020 – 00:05 A coalition of oil and gas majors are eyeing up the potential to capture carbon dioxide emissions from ships out at sea, teaming up with global tanker owner and operator Stena Bulk to evaluate the feasibility of technology they claim could play a key role in decarbonizing the hard-to-abate sector. The Oil and Gas Climate Initiative (OGCI) — which represents 12 of the world’s largest oil and gas companies including BP, Shell, Exxon, Chevron, Aramco and Petrobras — revealed recently it is funding research alongside Stena Bulk into mobile carbon capture on board ships out at sea. The project aims to evaluate the technical and economic challenges involved in capturing CO2 from ships cruising the oceans, and is in part an extension to OGCI member Saudi Aramco’s research which it claims has successfully demonstrated carbon capture on board heavy-duty trucks on roads, it said. “Carbon capture will play an important role in reducing overall greenhouse gas emissions, but there’s no reason it needs to be limited to stationary applications,” said Michael Traver, head of OGCI’s transport workstream. “Expanding carbon capture to long-distance marine shipping could help accelerate its use, while addressing a difficult to abate sector of the transport industry.” Expanding carbon capture to long-distance marine shipping could help accelerate its use. OGCI claims mobile carbon capture technologies aboard ships could help the global shipping sector reach its current climate target to cut emissions by 50 percent by 2050, from a 2008 baseline — a goal that has faced criticism from green groups for lacking ambition. The research itself is also likely to provoke renewed criticism of the OCGI’s priorities, given it focuses on CCS technologies that would in effect prolong the use of fossil fuels to power ships, rather than on alternative, low or zero carbon shipping fuels that could transition the sector away from fossil fuels altogether. But Stena Bulk President and CEO Erik Hånell argued it was “increasingly evident that we need to evaluate as many potential solutions as possible that might help decarbonize the industry.” “Carbon capture might be such a solution with the potential to play a key role in this transition, and this feasibility study presents a unique opportunity for us to work with some of our key customers to understand and assess the technical and economic challenges involved in making carbon capture work onboard vessels,” he said. The global shipping sector is responsible for around 2.5 percent of global greenhouse gas emissions, and has received flak over its failure to come up with a detailed, ambitious plan to decarbonize in line with the goals of the Paris Agreement. The global shipping sector is responsible for around 2.5 percent of global greenhouse gas emissions. In 2018 the International Maritime Organization (IMO) — the UN-affiliated body which oversees the global shipping sector — agreed on a draft target to cut global emissions by at least 50 percent by 2050 compared to 2008, alongside targets to cut the average carbon intensity by at least 40 percent by 2030. However, details of the strategy have yet to be fully thrashed out, and crunch negotiations over how the industry should go about meeting its near-term 2030 climate goals are set to kick off today at the IMO, amid concerns from green groups that current proposals amount to an “empty shell. ” Meanwhile, the OGCI today announced that its members collectively have reduced the cut their absolute upstream methane emissions by 22 percent since 2017, shrinking the methane intensity of members’ upstream oil and gas to operations to 0.23 percent. It surpasses its target to cut methane intensity to 0.25 percent by 2020, and as such the OGCI has set a stricter goal of 0.2 percent by 2025. Moreover, the group claims to have cut its carbon intensity by 7 percent collectively since 2017, as it pushes towards its target for a 13 percent cut.  However, carbon intensity targets have faced increasing criticism from green groups, as organizations potentially can still increase their overall emissions by expanding their business while reducing the CO2 intensity of their operations.  Pull Quote Expanding carbon capture to long-distance marine shipping could help accelerate its use. The global shipping sector is responsible for around 2.5 percent of global greenhouse gas emissions. Topics Oil & Gas Carbon Removal Shipping & Logistics BusinessGreen Featured in featured block (1 article with image touted on the front page or elsewhere) Off Duration 0 Sponsored Article Off Stena Conqueror is a Oil and Chemical Tanker, built by Swedish tanker giant Stena Bulk. The company is participating in a novel carbon capture project for shipping. Flickr royvanwijk Close Authorship

Excerpt from:
BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

Is an Everyday Garden Trick a Key to Carbon Capture?

July 14, 2020 by  
Filed under Eco

Comments Off on Is an Everyday Garden Trick a Key to Carbon Capture?

For decades, farmers and gardeners have augmented soil using lime, … The post Is an Everyday Garden Trick a Key to Carbon Capture? appeared first on Earth 911.

View original post here:
Is an Everyday Garden Trick a Key to Carbon Capture?

How Stripe’s ‘negative emissions’ team picked its first four carbon removal projects

May 28, 2020 by  
Filed under Business, Eco, Green

Comments Off on How Stripe’s ‘negative emissions’ team picked its first four carbon removal projects

How Stripe’s ‘negative emissions’ team picked its first four carbon removal projects Heather Clancy Thu, 05/28/2020 – 01:14 Among the many notes to myself about potential follow-up stories lies my scribbled reminder to check in on online payment tech company Stripe’s pledge last year to put at least $1 million annually toward carbon removal activities. Last week, the company knocked that item off my checklist. After a “rigorous” search, Stripe disclosed that it will support four “high potential” carbon capture and storage projects — picked from 24 applications. The action was detailed in a blog by Ryan Orbuch, a member of the internal climate strategy team leading the push. “Our initial priority was working out how we could use our funds to have the biggest impact … Next, we want to make it ‘much’ easier for businesses to make these kinds of purchases, which, we hope, will begin to grow the market for carbon removal far beyond Stripe’s contribution,” Orbuch wrote in response to questions I submitted for this article. We want to make it ‘much’ easier for businesses to make these kinds of purchases. Here’s a rundown of the organizations that Stripe plans to support (presented alphabetically). If you do the math, you’ll see these projects (in aggregate) account for all of the company’s annual commitment. CarbonCure : The Canadian firm is using mineralized CO2 — aka calcium carbonate — in concrete. The CO2 is captured from industrial processes at plants creating things such as ethanol, fertilizer or cement. Stripe is supporting 2,500 tons at a price of $100 per ton. Charm Industrial : The San Francisco-based startup is working on an approach that injects bio-oil captured from biomass into geologic storage. Stripe is the company’s first customer; the project will support the capture of 416 tons at $600 per ton. Climeworks : The Swiss company, which uses renewable energy to capture carbon dioxide from the air, offers a sequestration approach called Carbfix that injects concentrated CO2 into basaltic rock formations. Stripe’s commitment is 322.5 tons, for which it will pay a price of $775 per ton. Ultimately, though, Climeworks has said it is working toward a long-term price of $100 to $200 per ton. Project Vesta : This organization, which hails from San Francisco, is focused on capturing CO2 within the ocean and storing it using olivine, a natural mineral. The idea is to embed the captured carbon dioxide with limestone on the seafloor. This is an extremely early-stage approach, and the company needs to test it for both safety and viability. Stripe’s commitment to help it capture 3,333.33 tons at $75 per ton will help it with both lab experiments and pilot beach projects. The criteria that Stripe used to assess its various options were pretty specific — they’re summarized below in the graphic.  In response to my question about which were the most important considerations, Orbuch said no project was a perfect match nor did the Stripe team expect any to be. It didn’t specifically set out to pick four (although the math worked out well, with roughly $250,000 committed to each.) What stood out was the projects’ particularly high potential as well as the fact that they work toward closing the gap of what’s available for companies to use as part of their carbon removal strategy. He wrote: “One thing that really stood out to us was how few existing projects even attempt to sequester carbon outside of the biosphere. There’s a particularly large gap in non-biospheric solutions (such a large gap, in fact, that we decided that we’d also support R&D for these kinds of projects going forward — to help increase ‘top of funnel’). While sequestration beyond the biosphere certainly wasn’t the only criteria we considered, this one became increasingly important to us.” We’ve been encouraged by how many businesses, including many Stripe users, have expressed interest in purchasing alongside us. Stripe didn’t make the decision about which projects to choose on its own. It consulted a number of advisers from academia (including scholars from Worcester Polytechnic, Heriot-Watt, Harvard and the University of Utah) and NGOs (Environmental Defense Fund and Carbon180).  One thing that intrigues me about Stripe’s interest in funding carbon removal is its potential to help other companies act. How cool would it be, for example, if Stripe could include an option in its online payment service that allows businesses to fund these sorts of projects directly, perhaps as a percentage of a transaction or as a flat rate that customers could add to a purchase? Shopify, another e-commerce merchant platform, has said that it eventually will allow its business customers to do this although it hasn’t offered much detail. When I asked Orbuch how Stripe customers might benefit from the projects announced last week, he basically said to stay tuned. “We’ve been encouraged by how many businesses, including many Stripe users, have expressed interest in purchasing alongside us, and we want to make it as frictionless as possible for them to do so,” he wrote. “More details to come at a later time.” In the call to action in its blog, Orbuch indicated that Stripe would like to create an ecosystem of “funders and founders” that can help it create an ecosystem of carbon removal opportunities to support that vision. Pull Quote We want to make it ‘much’ easier for businesses to make these kinds of purchases. We’ve been encouraged by how many businesses, including many Stripe users, have expressed interest in purchasing alongside us. Topics Carbon Removal Carbon Removal Carbon Capture Featured Column Practical Magic Featured in featured block (1 article with image touted on the front page or elsewhere) Off Duration 0 Sponsored Article Off Project Vesta is focused on capturing CO2 within the ocean. Courtesy of Project Vesta Close Authorship

Excerpt from:
How Stripe’s ‘negative emissions’ team picked its first four carbon removal projects

Is carbon sequestration on farms actually working to fight climate change?

April 16, 2020 by  
Filed under Business, Green

Comments Off on Is carbon sequestration on farms actually working to fight climate change?

There’s an emerging market to pay farmers to store more carbon in the soil by using improved agricultural practices. But some scientists are questioning whether these efforts will actually help slow global warming.

See the original post:
Is carbon sequestration on farms actually working to fight climate change?

Can regenerative agriculture deliver on its promise?

April 10, 2020 by  
Filed under Business, Green

Comments Off on Can regenerative agriculture deliver on its promise?

Skeptics are sowing doubts about the carbon sequestration potential. The questions underscore the complexities of soil science.

Read more here:
Can regenerative agriculture deliver on its promise?

Black farmers embrace and implement solutions for climate resiliency

January 8, 2020 by  
Filed under Business, Green

Comments Off on Black farmers embrace and implement solutions for climate resiliency

“Our duty as earthkeepers is to call the exiled carbon back into the land and to bring the soil life home,” said Larisa Jacobson, co-director of Soul Fire Farm.

Excerpt from:
Black farmers embrace and implement solutions for climate resiliency

Black farmers embrace and implement solutions for climate resiliency

January 8, 2020 by  
Filed under Business, Green

Comments Off on Black farmers embrace and implement solutions for climate resiliency

“Our duty as earthkeepers is to call the exiled carbon back into the land and to bring the soil life home,” said Larisa Jacobson, co-director of Soul Fire Farm.

See the original post here:
Black farmers embrace and implement solutions for climate resiliency

After a rough 2019, farmers and congress discuss agriculture’s role as a climate solution

January 8, 2020 by  
Filed under Business, Eco, Green

Comments Off on After a rough 2019, farmers and congress discuss agriculture’s role as a climate solution

The Midwest floods revealed another benefit of sustainable agriculture: fields that had been farmed with conservation practices recovered faster.

Original post:
After a rough 2019, farmers and congress discuss agriculture’s role as a climate solution

Exploring the business case for carbon removal

November 11, 2019 by  
Filed under Business, Green

Comments Off on Exploring the business case for carbon removal

New approaches, from CO2-sucking materials to regenerative agriculture, were in the spotlight at VERGE 19.

Continued here:
Exploring the business case for carbon removal

Lisa Dyson on the new carbon economy

November 5, 2019 by  
Filed under Business, Eco, Green

Comments Off on Lisa Dyson on the new carbon economy

Lisa Dyson, CEO of Kiverdi, considers new approaches to convert carbon into food for the world’s growing population. She uncovers the technologies and markets focused on developing multiple world-scale carbon sinks of value to addressable markets that can ultimately make the carbon economy a reality.

Read more here:
Lisa Dyson on the new carbon economy

Next Page »

Bad Behavior has blocked 5024 access attempts in the last 7 days.