Carbon capture and storage (CCS) has been gaining attention as a tool for cutting industrial emissions, but the financing and insurance needed to expand it remains a challenge. A new report on carbon management projects, published in October by the Oil and Gas Climate Initiative (OGCI), the Geneva Association and the Clean Energy Ministerial CCUS Initiative, identifies insurability as a key factor in making projects more attractive to investors. Its recommendations focus on i

Courtesy of Plymouth Laboratory Parties to the London Convention and London Protocol (LC 48/LP 21) under the International Maritime Organization (IMO) have adopted formal assessment frameworks for three marine carbon dioxide removal (mCDR) techniques: ocean fertilization, ocean alkalinity enhancement (OAE), and the ocean sinking of biomass. Announced following the annual meeting in London, the resolution establishes a structured procedure for national regulators to evaluate p

Image courtesy of Eni Eni CCUS Holding – a joint venture between Italian energy major Eni and BlackRock’s Global Infrastructure Partners (GIP) – has completed the offshore installation of the Douglas CCS platform in Liverpool Bay. The facility represents the world’s first purpose-built offshore platform dedicated specifically to carbon transport and storage for industrial decarbonization. Functioning as the offshore hub for the Liverpool Bay transport and storage (T&S) networ

European ferry operators are feeling the pinch from the EU Emissions Trading System (EU ETS), even if you are the ‘greenest fleet on the Channel ’. There’s no better example than Brittany Ferries. It has cut two Channel routes and sold two ships to escape a cash flow crunch caused by Europe’s emissions-trading regulations, COVID-incurred debt, and a post-Brexit decline in passenger numbers. The restructuring, which will take place between September and year’s end, will slash

AiP Handover Ceremony (at ClassNK booth in Gastech2026) While Carbon dioxide Capture and Storage (CCS) *1 projects are proceeding worldwide, demand for liquefied CO₂ carriers that transport CO₂ from the capture site to the storage site is expected to expand. This AiP is a step toward standardizing hull designs, which is necessary in order to realize a sufficient number of liquefied CO₂ carriers to meet such demand. For this design concept, ClassNK carried out a design review

Carbon Destroyer (source: WAGENBORG) His Majesty King Frederik X of Denmark at September 18th, officially opened the first full-scale facility for the permanent storage of CO₂ in the European Union. The opening took place at a ceremony at the Port of Esbjerg marking Greensand’s move into commercial operation. For the first time, Greensand provides industry across the EU with the infrastructure it needs to transport and permanently store CO₂ and offers a practical route to r

A senior European Parliament lawmaker has proposed directing a larger share of revenue from the European Union’s carbon market toward industrial decarbonization, as lawmakers seek to balance climate targets with pressure on companies facing high energy and carbon costs, Reuters has reported. Peter Liese, the European Parliament’s lead negotiator on changes to the EU Emissions Trading System, has proposed that member states allocate 75% of ETS revenues to decarbonizing local i

The ISWG-GHG 22 concludes after four days of meetings and carries forward pending differences to a new round scheduled from November 23 to 27, prior to MEPC 85 Negotiations on the International Maritime Organization (IMO) Net-Zero Framework have concluded this Friday without a new agreement among member states after four days of meetings of the Intersessional Working Group on greenhouse gas emissions from ships, ISWG-GHG 22. The meeting was held between September 1 and 4 at t

Melina Travlou (source: Shipping Herald) The President of the Greek Shipowners' Association, Ms. Melina Travlou, in a statement, points out that the course of the negotiations to date has highlighted substantial weaknesses in the proposed IMO Net-Zero Framework, which is obviously not the solution. It is crucial that the voice of shipping, which will be called upon to implement the measures, is taken into account. The green transition of shipping cannot be achieved in the ab

Federal Maritime Commission Chairman DiBella. Source X.com "The Net-Zero Framework (NZF), currently under consideration at the International Maritime Organization (IMO), is an effort to reduce greenhouse gas emissions from ships, aiming for net-zero emissions in the maritime sector by the year 2050. In its current state, this initiative raises more questions than it answers and must be rethought before international acceptance and implementation. Specifically, any viable prop

source: go Russia Russia has formally approved new operating procedures for carbon unit reservation accounts within its national registry, establishing a regulatory safety net for climate projects carrying a risk of future greenhouse gas release. Published on the official legal information portal, the resolution mandates that when carbon units (CUs) are issued for vulnerable activities, such as carbon capture and storage (CCS), a portion must automatically transfer to a dedic

Credit: Northern Lights JV Northern Lights joint venture has taken delivery of its fourth dedicated liquefied CO2 (LCO2) carrier, completing the vessel fleet required for the first phase of its carbon capture and storage (CCS) transport and storage operations. The Northern Purpose has arrived in Norway following delivery from Dalian Shipbuilding Offshore Company (DSOC), joining sister vessels Northern Pioneer, Northern Pathfinder and Northern Phoenix to provide CO2 transport

Source: Liverpool Bay CCS Limited Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. The Liverpool Bay CCS project will operate as the backbone of the HyNet Cluster to transport CO2 from capture plants across the North West of England and North Wales through new and repurposed infrastru

The European Commission’s July 2026 EU ETS revision for shipping introduces changes to EU ETS, MRV and FuelEU Maritime. It expands the regulatory perimeter, adds offshore operations to EU ETS, brings more ship categories into the reporting system, consolidates MRV and FuelEU reporting, aligns the responsible entity across regimes, and creates a new allowance-based support mechanism for sustainable fuels and zero-emission propulsion technologies. The key legal anchors are rela

The European Commission’s long-awaited revision proposal for Phase 5 of the EU Emissions Trading System (EU ETS) represents a landmark transition for permanent Carbon Dioxide Removal (CDR). For the first time, the world’s largest carbon compliance market is laying down the specific legal architecture to integrate high-integrity, domestic removals, signaling a massive shift from voluntary corporate offsets to state-backed compliance demand. Addressing previous uncertainty sur

DESFA has secured European funding of 169.3 million euros for the APOLLOCO₂ project, which creates the first major Greek infrastructure for the transport, liquefaction and storage of carbon dioxide with the aim of decarbonizing the industry. Greece is attempting to gain a leading role in the new European carbon capture and storage market , expanding its footprint beyond natural gas infrastructure. At the heart of this strategy is DESFA ’s APOLLOCO₂ project , which has secure

The processes and discussions taking place in the "corridors of Brussels" in view of the Commission's proposal on July 17 for the reform of the EU ETS (European Emissions Trading System) mechanism include the final abolition of ETS 2. The discussion, as indicated by competent sources with knowledge of the matter, has "heated up" for good with the individual sectors of the industry, especially the energy-intensive part, intervening in every direction under the general line of

Northern Lights Lco2 carrier. Europe will need 65 more carbon dioxide (CO2) carriers and 33 new ports by 2050 to meet carbon capture, utilisation and storage (CCUS) goals, according to a new report from energy consultancy Xodus Group. The report predicts that the overall European captured CO2 transport market will evolve from 2030 to 2050 as a hybrid system between a range of onshore and offshore transport methods. The analysis screened roughly 850 operating ports across Euro

The global imperative to reduce carbon emissions has brought carbon capture, utilization, and storage (CCUS) technologies to the forefront of climate change mitigation strategies. Understanding the CCUS value chain is essential for grasping how this complex system functions and how it can be optimised to meet ambitious environmental targets. This article provides a detailed exploration of the CCUS process insights, breaking down each stage of the value chain and highlighting

The urgent need to reduce global carbon emissions has led to the exploration of innovative technologies and strategies. Among these, offshore carbon solutions have emerged as a critical component in the portfolio of climate mitigation efforts. These solutions primarily involve the capture, transport, and storage of carbon dioxide (CO2) beneath the seabed, offering a promising pathway to limit atmospheric CO2 concentrations. This article explores the role of offshore carbon so