2024 National Carbon Capture Conference & Expo announces dates, co-located event and call for abstracts

February 13, 2024

BY Carbon Capture Magazine



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Drax announces carbon removals deal with C-Zero

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By Drax Group plc

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Drax Group on April 18 announced a carbon removals deal with C-Zero Markets, an environmental consultancy. Under the deal, C-Zero will purchase carbon dioxide removals credits from Drax representing 2,000 metric tons of permanently stored carbon.

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A bioenergy with carbon capture and storage (BECCS) project under development in Sweden by Stockholm Energi was awarded planning approval on March 28 by the country’s Land and Environmental Court.

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Strategic Biofuels has received a strategic investment commitment from Magnolia Sustainable Energy Partners, a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas and JX Nippon Oil & Gas Exploration Corp.

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Technip Energies and LanzaTech Global Inc. were selected by the U.S. Department of Energy Office of Clean Energy Demonstrations to begin award negotiations for up to $200 million funding to support project SECURE.

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Drax Group on March 28 announced a new carbon removals deal with Karbon-X. Under the agreement, Karbon-X will purchase CDR credits from Drax representing 25,000 metric tons of permanently stored carbon at $350 per metric ton.

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