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European carbon prices hit record levels as demand increases

As lockdowns eased across Europe and electricity demand returned to pre-COVID levels, carbon allowance prices rose to record levels in the second quarter.
carbon capture

Canada invests $25m in carbon capture technology company

Global governments are increasingly realising the role that carbon capture technology can play in meeting sustainability goals.

Deploying CCUS could deliver 10,000 new jobs in UK says report

The Climate Change Committee (CCC) concludes that CCUS is a necessity not an option for achieving net zero.

Drax and Mitsubishi partner on bioenergy and carbon capture project

Drax and MHI have agreed to a long-term contract that will see Drax license and use Mitsubishi's unique carbon capture solvent, to capture CO2 at its power station near North Yorkshire.

Valmet to construct first modular BioPower plant in Austria

Valmet will deliver a complete turnkey BioPower 5 power plant to produce green electricity and heat for the city of Salzburg, Austria.

Swedish Energy Agency awards €30m to innovative CCU project

Swedish Project AIR is an industrial concept to produce methanol from a variety of recovered end-of-life streams and hydrogen from electrolysis.
carbon capture

Sulzer Chemtech and Blue Planet to reduce cement emissions with CCUS

Sulzer Chemtech is partnering with Blue Planet to drive the optimisation of Blue Planet’s carbon capture, utilization and storage solutions.

AES buys Drax in $3bn deal

US power company AES is to acquire Drax power station in the UK from National Power for £1.875bn ($3bn). The acquisition boosts AES` presence in the UK and reduces National Power`s market share in generation to 12 per cent.

Drax coal closures possible ahead of schedule

UK power generator Drax may be able to end its coal-fired power operations ahead of the government’s 2025 deadline.

Positive trading update for Drax

Coal power generators, Drax are reaping the benefits of lower costs in producing power, while sales are on the rise.

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