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.
News Link
#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.
News Link
#Google #AI #Amazon #CarbonRemoval #Reforestation #SolarPower #Sustainability #TechForGood
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.
News Link
#PETRONAS #Malaysia #CCS #CarbonCapture #Offshore #NetZero #CCUSAct2025 #Partnership
Xpansiv Announces Acquisition of Evident to Strengthen Global Renewable Energy Markets
Xpansiv has fully acquired Evident Group, combining their renewable energy certificate (REC) registries into a global clean energy registry leader with over 300 GW capacity. This merger advances Xpansiv’s strategy to expand its global renewable energy market presence through organic growth and acquisitions. Evident continues as an independent certification body under I-TRACK Foundation oversight, ensuring market transparency and integrity. The acquisition responds to growing global demand for renewable energy certificates, driven by sectors like data centers and electric vehicles, supporting the global energy transition.
News Link
#Xpansiv #Evident #REC #RenewableEnergy #CleanEnergy #MarketIntegration #Certification