Energy Transition & Carbon Capture

Carbon

Capture

VVC remains committed to facilitating the global energy transition through a strategic investment in Proton Green, not only one of the largest potential helium producers in North America, but one of the largest potential carbon sequestration hubs in the world.

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Why Carbon Capture

Check out some of the carbon capture insights below:

What's Carbon Capture

Carbon dioxide is the most commonly produced greenhouse gas. Carbon capture is the process of capturing and storing atmospheric carbon dioxide. It is one method of reducing the amount of carbon dioxide in the atmosphere with the goal of reducing global climate change.

Carbon Capture Market

The carbon capture and sequestration market is relatively new yet increasingly popular. Oil, gas and practically any other company that emits carbon into the atmosphere are looking to purchase these carbon offsets. Large corporations are looking to purchase carbon offsets from carbon sequestration companies in order to help reduce their carbon footprints and meet environmental targets.

Stored CO2

Stored in carbon sinks, such as oceans, forests or soils or underground injection and geological sequestration into deep underground rock formations.

Captured CO2 Uses

Captured CO2 can be used to produce certain types of concrete, plastic, and textiles, things that are still in demand for production but could be built from captured CO2.

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Energy Transition/Carbon Capture News & Updates

Summit Carbon Solutions’ CO2 pipeline approved in Iowa

October 15, 2024
The Iowa Utilities Board (IUB) has approved Summit Carbon Solutions base pipeline project that will span around 688 miles and capture and store 12 million tonnes of carbon dioxide (CO2) annually. Summit Carbon Solutions’ project has seen extensive scrutiny in the US state previously. The IUB carried out an extensive review process over the last 34 months, which was made up of 33 public informational meetings, a public hearing, and a review of around 50,000 pages, among other processes.

U.S. Department of Energy Announces $52.5 Million to Catalyze Commercial Carbon Dioxide Removal Technology

August 12, 2024
WASHINGTON, D.C. – The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $52.5 million, made available through President Biden’s Investing in America agenda, to advance carbon dioxide removal technologies that reduce legacy carbon dioxide (CO2) pollution by removing it directly from the atmosphere to counter-balance emissions from hard-to-abate sectors, such as aviation and shipping.

Visualizing Global Energy Production in 2023

July 17, 2024
Global primary energy consumption reached a new record of 620 exajoules (EJ) for the second consecutive year in 2023, up from 607 exajoules in 2022. This graphic shows the sources of energy used globally in 2023, measured in exajoules. Data is from the 2024 Statistical Review of World Energy by the Energy Institute, released in June 2024.
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