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Frontier buyers have signed $40 million in offtake agreements with 280 Earth.
The agreements are for removing 61,571 tons of CO₂ between 2024 and 2030 at 280 Earth’s pilot facility in The Dalles, Oregon.
280 Earth employs a proprietary ‘continuous capture’ process using commercially available components.
The process can be powered by waste heat from data centers or clean electricity.
280 Earth’s modular approach allows for scalable deployment, leveraging partnerships with tech giants like Stripe, Alphabet, and Meta.
The company’s DAC technology is designed to reduce energy consumption and operational costs through continuous CO₂ removal and flexible power sources.
Strathcona Resources Ltd. partners with Canada Growth Fund (CGF) for a $2 billion carbon capture and sequestration (CCS) initiative across its SAGD oil sands facilities in Saskatchewan and Alberta.
CGF will invest up to $1 billion initially, with $500 million committed, to fund CCS infrastructure, sharing 50% of initial capital costs with Strathcona.
Strathcona will retain full ownership of the CCS infrastructure and carbon credits, repaying CGF's investment based on actual CCS project performance.
The partnership leverages Strathcona's unique oil sands properties atop CO2 storage reservoirs, enabling local injection and reducing transport costs compared to other regions.
Strathcona aims to mitigate approximately $65 million annually in current carbon taxes, with potential future savings expected to enhance shareholder value significantly.
Initial CCS project development is underway, with the first commercial project targeted for mid-2025 in Saskatchewan, pending government approvals.
Entropy Inc., a subsidiary of Advantage Energy Ltd., announced final investment details for Glacier Phase 2, a post-combustion carbon capture and storage (CCS) project.
The project targets over 90% efficiency in capturing emissions from the Glacier Gas Plant, adding 160,000 tonnes per annum (tpa) to its capacity at a cost of $127 million.
Eligible for federal tax credits and Alberta incentives, it will dispose of captured CO2 into a regulated saline aquifer.
Revenue is secured through long-term contracts: 75% via Carbon Credit Offtake (CCO) and 25% through a Power Purchase Agreement (PPA) with Advantage.
Entropy also entered the clean power market by repowering the Glacier Gas Plant with a 15 MW gas-fired turbine, integrating CO2 capture technology.
A newly drilled CO2 disposal well supports both Phase 1 and Phase 2 CCS operations, capable of handling up to 3 million tpa.
Strategic investments totaling $500 million aim to scale up Entropy's CCS technology globally.
bp, Mitsui & Co., Shell, and TotalEnergies will each hold a 10% stake in ADNOC’s Ruwais LNG project, with ADNOC retaining a majority 60% stake.
New long-term LNG agreements include Shell for 1 million tonnes per annum (mtpa) and Mitsui & Co. for 0.6 mtpa, covering 70% of Ruwais LNG production.
The Ruwais LNG project will double ADNOC’s UAE LNG capacity to around 15mtpa and aims to be among the world’s lowest-carbon intensity LNG facilities.
This partnership reinforces Abu Dhabi’s appeal for investments and supports ADNOC’s strategic goals for sustainable economic growth.
H.E. Dr. Sultan Ahmed Al Jaber highlighted the project’s role in meeting natural gas demand sustainably and supporting global energy transition efforts.
Mitsui, TA'ZIZ, Fertiglobe, and GS Energy Corporation are commencing construction on an ammonia production facility in Al Ruwais, UAE, supported by a loan agreement with JBIC.
The facility aims to produce 1 million tons per year of clean ammonia starting in 2027, with reduced CO2 emissions through carbon capture and storage technologies.
Mitsui will offtake a portion of the clean ammonia for distribution in Japan and Asian markets, promoting its use in fuel, chemical, and fertilizer industries to support societal decarbonization.
Mitsui's involvement leverages its extensive experience in ammonia trade and strategic partnership with ADNOC in UAE's LNG sector since the 1970s.
Google and ENGIE have signed five new Corporate Power Purchase Agreements (cPPAs) to supply Google's digital infrastructure in Belgium with over 118 MW of renewable power.
These agreements include the entire output from four new ENGIE-developed onshore wind farms in Belgium, totaling 26 MW, and an eight-year extension for a 92 MW wind park already operational.
Google aims to achieve net-zero emissions and 24/7 carbon-free energy by 2030, with these cPPAs supporting its sustainability goals.
ENGIE solidifies its leadership in the PPA market, having sold 2.4 GW of green electricity in 2023 and developed renewable projects across solar, onshore wind, and offshore wind technologies.
In Belgium, ENGIE plans to expand renewable energy capacity to 2.5 GW by 2030, leveraging its global capabilities to deliver low carbon energy solutions.
Stardust Power Inc. completes a business combination with Global Partner Acquisition Corp II (GPAC II) and will begin trading on Nasdaq under "SDST" for shares and "SDSTW" for public warrants.
The merger marks a significant milestone for Stardust Power, positioning it as a development stage manufacturer of battery-grade lithium products.
The company plans to construct a lithium refinery in Muskogee, Oklahoma, aiming to produce up to 50,000 tonnes per annum of battery-grade lithium using sustainable energy sources like solar and wind power.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.