Good Morning. This is the Sunya Scoop. The newsletter that takes energy transition news and turns it into an easy-to-read email for you.
Here’s what we have for you today:
The almost headlines
In case you missed
Tweet of the week
You can subscribe via Spotify or Apple Podcasts as well.
POET LLC, the world's largest ethanol producer, is partnering with Summit Carbon Solutions to capture carbon dioxide emissions at 17 of its U.S. Midwest ethanol plants.
This collaboration is part of Summit's multi-state pipeline project aimed at carbon capture and storage (CCS).
POET had previously partnered with Navigator CO2 Ventures for a similar carbon pipeline project, which was canceled in October due to regulatory challenges.
The carbon capture efforts will help reduce emissions in ethanol production and support POET's climate goals.
Summit plans to capture and store 4.7 million metric tons of CO2 from 12 POET plants in Iowa and five in South Dakota.
Summit's overall project aims to capture 18 million metric tons of CO2 at 33 biofuel plants along a 2,000-mile, five-state route.
The Summit project has faced opposition from landowners concerned about potential carbon dioxide leaks, farmland damage, and eminent domain issues.
Regulatory challenges and safety concerns have led to permit denials in South Dakota and North Dakota, with a pending decision in Iowa.
After Navigator shut down, many people asked me what was going to happen to Midwest carbon capture. My take was: Summit is going to clean house.
Howden has launched a groundbreaking insurance facility for carbon capture and storage (CCS) facilities, covering the leakage of carbon dioxide (CO2).
This insurance product addresses environmental damage and loss of revenue resulting from CO2 leaks in CCS projects, supporting the global transition to net-zero emissions.
The facility was designed by Howden and led by SCOR's syndicate at Lloyd's.
It provides coverage for damage and revenue loss caused by the sudden or gradual release of CO2 from CCS projects into the air, land, and water.
This insurance covers liabilities related to carbon credits and allowances, including UK and EU ETS liabilities, which are crucial for the financial viability of CCS projects.
The initiative is part of the effort to accelerate the net-zero transition and has the support of the Sustainable Markets Initiative and Lloyd's.
Climeworks and Svante have entered into a collaboration and supply agreement to advance commercial-scale solutions for direct air capture.
Both companies will collaborate on three significant CO₂ removal projects, a crucial step towards creating direct air capture hubs in the U.S. capable of capturing large amounts of CO₂.
Climeworks' Orca plant in Iceland is the world's largest direct air capture and storage facility and serves as a model for their projects.
The collaboration aims to plan the supply of Svante's contactor blocks for Climeworks' major projects, with the goal of establishing a commercial-scale supply agreement for megaton direct air capturing hubs in the U.S.
Climeworks was selected by the U.S. Department of Energy to develop three such hubs, making them eligible for over USD 600 million in government funding.
Svante is finalizing its commercial filter manufacturing facility in Canada, well-equipped to supply the industrial point source and direct air capture markets.
The Administration is providing $254 million to support the decarbonization of America's industrial sector and boost domestic manufacturing.
These funds will be allocated to 49 projects in 21 states aimed at reducing industrial greenhouse gas emissions and advancing innovative decarbonization technologies.
An additional $83 million funding opportunity is open to address emissions from challenging industrial sectors, representing 30% of total U.S. carbon emissions.
Projects include research and development in various sectors, including industrial heat, low-carbon fuels, cross-sector R&D, chemicals, iron and steel, food and beverage, cement and concrete, and forest products.
These projects aim to reduce energy usage and greenhouse gas emissions, with a focus on addressing challenges common to different industries.
Element3® successfully extracted lithium chloride from oil and gas wastewater in a field test conducted at a Double Eagle Energy Holdings IV, LLC subsidiary's recycling facility.
The extraction technology, which is patent-pending, eliminates the need for pre-concentration, making it possible to efficiently extract lithium from the wastewater.
This breakthrough opens the door to tapping into a new domestic lithium resource from the vast wastewater produced as a byproduct of U.S. oil and gas operations, estimated at one trillion gallons annually.
The extraction process recovered more than 85% of lithium from wastewater with a concentration of less than 40 parts per million lithium.
Element3 plans to initiate a commercial demonstration of its operations later in the year.
Amazon has signed a corporate power purchase agreement (CPPA) with ENGIE to procure 473MW of renewable energy from the Moray West offshore wind farm in Scotland.
The wind farm, located in the Moray Firth, is under construction and is expected to begin generating power in 2024.
Amazon's share of the wind farm's output will help power the equivalent of over 650,000 UK homes annually.
The Moray West project is developed by Ocean Winds, a joint venture between EDP Renewables and ENGIE focused on offshore wind.
Amazon aims to power all of its operations with 100% renewable energy by 2025, five years ahead of its original target.
ENGIE has signed several CPPAs in recent years, expanding its portfolio to 7.3GW of clean energy capacity.
The Moray West project aligns with Ocean Winds' goal of developing 5-7 GW of projects in operation or construction by 2025.
We released a podcast, Sunya Stories.
We published our first Sunya Spotlight profile on Oxy’s STRATOS DAC project.
What'd ya think of today's email?
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.