Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Mitsubishi, Shell Back Avnos with $17M to Build Flagship Carbon Removal Facility in the U.S.
Mitsubishi Corporation (Americas) and Shell US Gas and Power have jointly provided up to $17 million in phased financing to Avnos for developing Project Cedar, its flagship hybrid direct air capture (HDAC) facility in the U.S. The project aims to capture around 3,000 metric tons of CO₂ annually and produce over 6,000 tons of clean water as a by-product, with operations expected by the end of 2026. Avnos’ water-positive HDAC technology offers more resource efficiency and wider geographic deployment potential. The funding reflects strong investor confidence, supporting the shift from pilot to commercial-scale carbon removal.
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#Mitsubishi #Shell #Avnos #CarbonRemoval #HDAC #CleanWater #US #ClimateTech #Investment
Google’s Bold Climate Actions: AI in the Amazon and Solar Power in Space
Google has partnered with Brazilian reforestation company Mombak to purchase 200,000 metric tons of carbon removal, supporting Amazon forest restoration with native tree species. The project will use AI and bioacoustics through Google DeepMind’s Perch to monitor biodiversity recovery, enhancing transparency and credibility. Mombak is recognized for high-integrity nature-based solutions and recently raised $30 million to scale operations. Google also launched Project Suncatcher, aiming to build solar-powered data centers in space, enhancing clean energy supply and reducing terrestrial resource use. This dual approach integrates technology and nature for sustainable climate impact.
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#Google #AI #Amazon #CarbonRemoval #Reforestation #SolarPower #Sustainability #TechForGood
Completion of the first international transfer of mitigation outcomes for JCM credits
The Joint Crediting Mechanism (JCM) between Thailand and Japan completed its first international transfer of mitigation outcomes at the Seventh Meeting of the Joint Committee on October 30, 2025. The project involved the introduction of a 5MW floating solar power system on an industrial water reservoir in Thailand (Project TH014). The transfer authorized 1,009 tCO2eq of Internationally Transferred Mitigation Outcomes (ITMOs) from the 2021 vintage. The Ministry of the Environment, Japan, is the acquiring entity, and the credits are fully authorized by Thailand.
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#JCM #Japan #Thailand #ITMO #CarbonMarket #FloatingSolar #MitigationOutcomes
PETRONAS CCS Ventures Sdn Bhd Receives Malaysia’s First Offshore Assessment Permit for Carbon Capture and Storage
Petronas CCS Ventures Sdn Bhd (PCCSV), a wholly owned unit of Petronas, has received Malaysia’s first offshore assessment permit for carbon capture and storage (CCS) at the Duyong field offshore Peninsular Malaysia. The permit, granted by the Malaysia Carbon Capture, Utilisation, and Storage Agency (MyCCUS) under the newly enacted Carbon Capture, Utilisation, and Storage Act (CCUS Act 2025), allows geological assessment to confirm the site’s feasibility as a carbon storage site. PCCSV collaborates with TotalEnergies and Mitsui under a Key Principles Agreement to advance technical studies with plans to move into front-end engineering design, aiming to establish a commercially viable CCS hub by 2029. This milestone positions Malaysia as a regional leader in CCS and supports national carbon reduction goals aligned with its Net Zero target for 2050.
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#PETRONAS #Malaysia #CCS #CarbonCapture #Offshore #NetZero #CCUSAct2025 #Partnership
Q4 CORSIA Credits Procurement Event Now Open
The Q4 CORSIA Credits Procurement Event is open from November 3 to 28, 2025, inviting airlines to purchase carbon credits through the IATA Aviation Carbon Exchange (ACE). This event offers 1 million credits from the Guyana Jurisdictional REDD+ project. In the recent Q3 event, credits sold at a fixed price of $22.55/tonne via the CBL GEO-CP1 spot contract, which acts as the market benchmark for CORSIA Phase 1. Airlines can monitor this benchmark using the Offset Compliance Simulator on IATA EcoHub. More procurement events are planned for 2026 with increasing supply of eligible emission units (EEUs).
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#CORSIA #CarbonMarket #Aviation #IATA #REDD+ #ACE