industrynews

Frontier buyers sign world’s first river liming carbon removal deal with CarbonRunSeptember 23, 2024 Frontier buyers will pay CarbonRun $25.4 million to remove 55,442 tons of CO₂ between 2025 and 2029.River liming brings significant co-benefits and can reach <$100/ton without new technical breakthroughs. Frontier has facilitated offtake agreements with CarbonRun, a Canadian company using a […]

Amogy Sails World’s First Carbon-Free Ammonia Powered Maritime Vessel: September 23, 2024 10:37 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced that the world’s first carbon-free, ammonia-powered maritime vessel successfully completed its maiden voyage. The NH3 Kraken, a tugboat originally constructed in 1957 and retrofitted […]

Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy: September 23, 2024 11:02 AM Eastern Daylight Time DULUTH, Minn.–(BUSINESS WIRE)–Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), announced today it plans to build two large solar projects in northern Minnesota as part of […]

Brookfield Raises $2.4 billion for Catalytic Transition Fund Supported by Anchor Commitment from ALTÉRRA: September 23, 2024 07:00 ET| Source: Brookfield Asset Management Ltd Additional capital raised from CDPQ, GIC, Prudential and Temasek, among othersTargeting up to $5 billion, anchored by $1 billion catalytic capital investment by ALTÉRRABROOKFIELD, NEWS, Sept. 23, 2024 (GLOBE NEWSWIRE) — Brookfield […]

Aether Fuels Signs MOU with JetBlue: CHICAGO, Sept. 23, 2024 (GLOBE NEWSWIRE) — Aether Fuels (Aether), a venture-backed climate technology company, today announced that it has signed a Memorandum of Understanding (MOU) with JetBlue (NASDAQ: JBLU). Aether has developed a breakthrough technology that utilizes a diverse array of waste feedstocks to produce sustainable liquid fuels […]

MetOx International Secures Additional Capital for Expansion, Welcomes Strategic Investor: HOUSTON, Sept. 23, 2024 /PRNewswire/ — MetOx International, Inc. (MetOx), a leading U.S.-based developer and manufacturer of high-temperature superconducting (HTS) wire, today announced the successful close of a $25 million Series B Extension. As part of this funding, we welcome several marquee investors including energy-focused family […]

AIR COMPANY Raises $69M in Series B to Commercialize Carbon Utilization Technology and Sustainable Aviation FuelsFunding will Accelerate the Production of AIRMADE® SAF, the Company’s CO₂-derived Sustainable Aviation Fuel and other Synthetic Fuels September 18, 2024 07:29 PM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–AIR COMPANY, a carbon conversion technology company, today announced it has raised […]

Japan’s Marubeni to capture 10m tonnes of carbon in North America: Marubeni plans to capture carbon dioxide from a natural gas processing facility in Texas and sell carbon credits. (Marubeni) KEIGO YOSHIDA, Nikkei staff writer September 20, 2024 23:42 JST | North America TOKYO — Japanese trading house Marubeni has teamed with a U.S. company on a […]

Norway’s Equinor scraps plans to export blue hydrogen to Germany – Reuters By Reuters September 21, 20249:26 AM CDT Updated a day ago OSLO, Sept 20 (Reuters) – Norway’s Equinor (EQNR.OL), opens new tab has scrapped plans to export so-called blue hydrogen to Germany because it is too expensive and there is insufficient demand, a […]

Climate Asset Management announces final close of its Natural Capital Fund and Nature Based Carbon Fund. Alongside Apple’s Restore Fund, the platform has raised in excess of $1 billion for natural capital projects  Climate Asset Management’s platform is positioned for long-term growth, securing an experienced team as it completes its initial fundraising cycle.Fundraising has been […]