Ricky Gouthaman Jayaram’s Post

Carbon Capture in Singapore !! Researchers at Nanyang Technological University are exploring Singapore's rock formations for CO2 storage, with initial signs pointing to potential in western Singapore. Further surveys are required for confirmation. Meanwhile, the Singapore government, alongside Shell and ExxonMobil, is collaborating on a transnational initiative aiming to capture and store over 2.5 million tonnes of CO2 annually by 2030. Potential partners include Indonesia and neighboring nations. #Carboncapture #Energytransition #Climatechange #Singapore

Pertamina and ExxonMobil have agreed that their CCS hub evaluation partnership will be sustained and will be re-located with a renewed focus on the western area within the Java Sea. The project’s specific focus will be directed to Asri and Sunda Basin. The decision to continue this partnership has been agreed on, due to the benefits this collaboration will bring to both companies and to the environment as a whole. The article below portrays how there are multiple opportunities and areas which have still not been discovered and researched. This means that there is still lots of potential for new projects, improved projects and for projects to continue developing and expanding. The new discoveries which are constantly being made highlight the importance of the carbon capture technology industry and the interest in its continuous development depict how useful the industry is to the environment and society. Follow our page for the latest insights and industry news on everything within the hydrogen industry & for the latest updates on the world’s largest Hydrogen Technology Expo in Hamburg next year. #Carbon #CarbonCapture #Hydrogen #BlueHydrogen #CarbonCaptureTechnologyExpoEurope #CCTE2024

ExxonMobil is working with the Indonesian state-owned company Pertamina to evaluate a potential Carbon Capture and Storage (CCS) hub. The potential Indonesian CCS project is located underneath the Java Sea and could hold approximately three metric gigatons of CO2, which could make it the largest storage site in Southeast Asia. Indonesia is also working with Singapore to develop a potential CCS value chain in the Asia Pacific. Earlier this year, Indonesia’s government issued a presidential regulation allowing CCS operators to set aside part of their storage capacity for the region’s CO2. The governments of Singapore and Indonesia have signed a letter of intent (LOI) to collaborate on cross-border CCS. ExxonMobil and Pertamina have signed a Heads of Agreement at the G20 Summit in Bali to further progress their previously announced regional carbon capture and storage hub for domestic and international CO2. The agreement defines next steps for the project including concept-select, pre-Front End Engineering Design, and a subsurface work program. The Indonesian government is working to develop supportive CCS regulations and initiating discussions with other governments in the region.   The development of CCS in Indonesia encounters several challenges, primarily in technical aspects.  Balancing the economic feasibility of projects with the environmental benefits they bring remains a key challenge.  The government must explore funding mechanisms, partnerships, and financial incentives to make CCS projects attractive to investors. There are also regulatory challenges that need to be addressed.  For instance, the regulation allows CCS activities to be conducted within upstream oil and gas working areas as part of petroleum operations under the relevant cooperation contract.  This can be implemented through an amendment to the relevant cooperation contract to include provisions on CCS. There are also challenges related to the commercial scheme of CCS projects. The development of industrial-scale technology for CCS is another challenge. There are challenges related to the development of a CCS hub in Indonesia, which connects various emitters to injection sites in Indonesia.   Finally, we have to consider that due to a proper regulatory framework, these projects still fall under the compliance market, which limits their value and fungibility. Indonesia needs to repeal the legislation limiting the sale of carbon credits created in Indonesia domestically. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

🌍 Stay Ahead in the Carbon Capture Landscape with the 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚𝐧 𝐂𝐂𝐒-𝐂𝐂𝐔𝐒 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟓! 🌍 Unlock strategic insights and cutting-edge data with the 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚𝐧 𝐂𝐂𝐒-𝐂𝐂𝐔𝐒 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟓. This comprehensive report offers a deep dive into the CCS-CCUS sector, providing essential updates and project insights that will shape the future of sustainable energy investments in Indonesia. 📊 Get access to: 🔹 Critical data for decision-making 🔹 Strategic opportunities in the carbon capture sector 🔹 Project updates and essential figures for your next big investment move 💼 Whether you’re in mining, coal, or broader energy sectors, this report is your guide to navigating the next era of sustainable energy. Secure your copy now and don’t miss out on key opportunities in this evolving landscape. 💸 Investment: US$950/copy 📲 Contact us to purchase: Mobile: +62-858-9999-8800 Fixed-line: +62-21-2245-8787 Email: marketing@petromindo.com Don't miss your chance to lead in the sustainable energy race. 📈 Secure your copy today! #SustainableEnergy #CarbonCapture #CCS #CCUS #EnergyInvestments #Petromindo #Mining #CoalIndustry #IndonesiaEnergy #RenewableEnergy #BusinessOpportunities #CleanEnergy #Sustainability #CCS2025 #EnergyTransition

🌿Clean Energy: Looking at the Need for New Materials🌊 If you're involved in the sustainable energy revolution, this is an intriguing read on how Québec is leveraging its mineral-rich resources to disrupt global supply chains through cutting-edge expertise. 🔋 This illustrates how innovative networks enable us to optimise natural assets, prompting a reevaluation of manufacturing practices aligned with sustainability goals. ⚡ In this context, collaboration emerges as the driving force in preparing the sector for the green energy transition. ♻️ #sustainabilitygoals #greenenergy #innovation

Exciting Developments in Mexico's Private Sector! Exploring the latest insights shared by Proximo Infra, the last quarter of 2023 witnessed remarkable activity in Mexico's infrastructure landscape. Among the noteworthy achievements was the successful financial close of the USD 1.5 billion Proman ammonia plant—a pivotal step towards enhancing the nation's industrial capacity. Moreover, the collaborative efforts of the IFC - International Finance Corporation and Transition Industries LLC have set the stage for a innovative net-zero methanol project, contributing to Mexico's sustainable development goals. Read more about these transformative endeavors in the full article by Proximo Infra #MexicoInfrastructure #SustainableDevelopment #Innovation #PrivateSector #EconomicGrowth

Petrobras offshore decommissioning strategy calls for international expertise Petrobras is launching a series of tenders to support the decommissioning of offshore oil platforms in Brazil, as part of new objectives set out in the company’s latest four-year strategy. Under its 2024-28 strategic plan, published towards the end of last year, the oil major plans to invest more than US$11bn in the removal and onshore breakdown of 23 platforms – 14 floating and nine fixed – with a further five floating and 35 fixed platforms planned for removal beyond 2029. The investment will also cover the decommissioning of 550 wells and the disconnection and removal of around 1,900km of subsea flexible lines. Since 2022, Petrobras has followed what it refers to as a “green disposal model”, focusing on “value creation, circular economy, safety, and respect for people and the environment.” The work to be carried out over the coming years will include a recycling plan that aims to identify how materials from decommissioned platforms and pipelines can be reused in the future and the opportunities that this could create for international collaboration. Speaking at an EIC (Energy Industries Council) Conference earlier this year, Diogo Prado decommissioning project leader at Petrobras, asked: “Can we fit our peaks and valleys with the UK market? Floating units recycling is not only a problem for Petrobras – every floating production storage and offloading freighter will face a shortage of shipyards and recycling in the future, so it’s something we’ve got to pay attention to.” “Nowadays, I think Brazil and the UK are more or less on the same page on how manual the process is to separate all the layers to improve the recycling of each type of material,” added Prado. “There’s got to be a better way to do it, a more automated way, and we’re counting on the market to provide us with insights and solutions.” Of the total investment, 71% of the funds will be directed to decommissioning platforms in the Campos basin, 23% to the north and northeast coastal regions, 5% to the Santos basin, and 1% to other areas. 🛳 Stay tuned to hear more in our next webinar and Trade Mission to Brazil. Coming soon !!! In collaboration with Department for Business and Trade Flavia Silva de Castro Renato Cordeiro Débora Ferreira Lima Clarisse Rocha Kevin Pedrosa https://lnkd.in/ecjHSpt9

𝐒𝐰𝐞𝐝𝐞𝐧’𝐬 𝐆𝐫𝐞𝐞𝐧 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐂𝐫𝐞𝐚𝐭𝐞𝐬 𝐚 𝐆𝐨𝐥𝐝𝐞𝐧 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐈𝐫𝐢𝐬𝐡 𝐂𝐥𝐞𝐚𝐧𝐭𝐞𝐜𝐡 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 The industries of Northern Sweden are currently undergoing a significant shift toward decarbonization. Sectors such as battery manufacturing, steel fabrication, and mining are embracing green practices and these massive projects scale up, they present opportunities for Irish businesses to contribute to the industries of the future. Read our analysis here: https://lnkd.in/dtxZPQQm

Rio Tinto aims to reduce Scope 1 and 2 carbon emissions - direct emissions by the company and certain types of indirect emissions - by 15% by 2025 and 50% by the end of the decade. Mining was responsible for 4% to 7% of greenhouse-gas global emissions in 2020 and is under the spotlight as a provider of critical raw materials needed for the energy transition, including electric vehicles and renewable energy infrastructure. In its climate report last February, Rio said it would invest $5–6 billion in decarbonisation projects between 2022 and 2030, down from a previous forecast of $7.5 billion. It spent $425 million in 2023. #esg #mining #decarbonisation #water #energy #sustainability Clara Denina https://lnkd.in/dSWjwqWq

“Yinson Production invests in scrubber outfit Ionada’s #carboncapture tech” Adis Ajdin - December 11, 2023 “Yinson Production has invested in an innovative #carboncapturetechnology developed by Canadian scrubber maker Ionada as part of its commitment to reduce #greenhousegasemissions from its offshore operations.” “The Singapore-based offshore unit of the Malaysian Yinson Group said Ionada’s technology has “enormous potential” to support the offshore oil and gas industry’s transition to #lowcarbonoperations and that it presents new business opportunities to #decarbonise the #hardtoabateindustries and facilitates Yinson to take part in the #carboncreditvaluechain.” “Ionada has developed a process for #postcombustioncarboncapture, that combines proprietary #hollowfibremembranecontactors with proven #aminesabsorbents. This modular carbon capture system is designed and engineered for small, to mid-sized industrial emitters, including the energy, marine, and #efuels industries. Based on Ionada’s current phase of in-lab studies, its carbon capture technology has the capability of reducing more than 95% of #carbonemissions, Yinson said.” “Commenting on the investment, Lars Gunnar Vogt, Yinson Production’s chief technical officer, said: “Yinson Production is always looking for the latest technological ideas and breakthroughs in decarbonising offshore production. Our investment in Ionada’s advanced carbon capture technology is a significant step towards our commitment to lowering our #carbonfootprint. Our aim is to revolutionise carbon capture and #sequestration within the #energysector, and this partnership with Ionada is a significant milestone in that journey.”” “Most recently, Yinson Production announced an investment in a Norway-based developer of #directaircapture projects, #CarbonRemoval. The company is currently developing a plant located in Øygarden, Norway, which aims to capture and remove around 500,000 tonnes of #carbondioxide per year for permanent storage under #offshoresalineaquifers. The ambition is to permanently store the #capturedcarbon in the Northern Lights, Norway’s flagship #carbontransport and storage infrastructure network.” https://lnkd.in/ePqm8xZ9? Source - original post Read all my posts #MariusPreston #ccs #ccsu