Sun Sep 08 06:46:51 UTC 2024: – Pumps are an essential feature in carbon-cutting efforts across industries to move towards a sustainable, circular economy and hit net zero by 2050.
– CCUS technologies have evolved significantly in the past decade, fueled by major decarbonisation initiatives and government legislation such as the US Inflation Reduction Act.
– CO2 capture potential is highest in hydrocarbon facilities, with the captured CO2 being used on-site, transported, or stored underground.
– CCUS technology can be employed in hard-to-abate industries and retrofitted to existing industrial plants.
– Currently, there are only around 40 commercial CCUS facilities in operation, capturing around 50 million tpy of CO2, but there are plans for significant expansion with around 500 projects in the pipeline.
– Harvestone Low Carbon Partners closed a tax equity financing deal with Bank of America to support decarbonisation efforts.

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