Edit Content

Market Intelligence

Fast‑Track Canadian CCUS, Nordic Cooperation, Microsoft/Equinor, more UK FIDs

In this issue:

10 highlights to note

1️⃣ GE Vernova to pilot DAC technology in Canada with Deep Sky

2️⃣ PM Carney unveils LNG & CCUS projects under review for fast‑tracking

3️⃣ Microsoft partners with Equinor to advance carbon capture value chain

4️⃣ Finland & Norway strengthen cooperation on CCS (transport & storage)

5️⃣ Prometheus announces breakthrough to slash DAC carbon capture cost by 80%

6️⃣ Yinson announces carbon capture developer pact with Carbon Circle

7️⃣ UK greenlights CCS construction at Padeswood Cement and Protos WtE

8️⃣ Finland’s Metsä Group tests carbon capture at pulp mill

9️⃣ Honeywell & Petronas team up on advanced carbon capture

🔟 World’s largest coal‑fired carbon capture project in operation in China

The Rear View Mirror: Insights into what’s driving the news this month

David Phillips,

VP Corporate Development

Welcome to the September edition of our new monthly newsletter, Svante Market Intelligence (SMI). In this we aim to review relevant project, corporate and policy news across CCUS worldwide, plus (when appropriate) share a high-level snapshot on IP activity. We hope SMI gives you a useful window into our industry and we encourage you to weigh up implications from this external perspective – if any – for your own teams. SMI is also an open feedback route to Solutions & Digital Services – Svante’s commercial ‘front end’ – to share suggestions and to let us know if there are any events we’ve missed. Please use our market intelligence email – marketintel@svanteinc.com.

The best soundbite for September in the world of CCUS was ‘busy and widespread’, with newsworthy developments from the Western world, from Asia, India and Brazil. Once again, the region more obvious by its absence in headlines was the US – somewhat in contrast to progress north of the border. In fact, September had quite a Canadian flavor, helped by policy news re fast-tracking CCUS and funding in BC, and the well-attended (and heavily LinkedIn-ed) Carbon Capture Canada in Edmonton (great to see a strong Svante profile there). Other active regions included the UK, where two more projects (Padeswood cement and Protos waste-to-energy) moved forward with funding and the Government published its greenhouse gas removals model, the Nordics (as per usual) where Finland and Norway agreed to cooperate with CCS (one has CO2 stores under development, one needs a route to store), and India where the Government talked about large carbon capture incentives to help decarbonise coal-fired power. We also noted the phrases ‘world’s largest’ and ‘China’ in the same sentence, with a successful startup at the 1.5Mtpa CO2 Huaneng Gansu Zhengning coal-fired power plant. In other industry-specific news, waste-to-energy took a few more (pilot-size) steps in Europe, including at KEZO’s plant near Zurich (using CATACARB’s HPC technology on license to Sulzer), and in the ever-cautious Finnish pulp & paper world, Metsä moved ahead with its CO2 capture trial at its Rauma pulp mill (based on a generic solvent capture tech from Andritz).

One other theme across September was the steady run of (enthusiastically low-cost) start-up news at the ‘long end of the cost curve’. This included news on DAC from Prometheus in California (electrolysis-based ‘reverse combustion’ to produce carbon neutral fuels) and Brineworks in the Netherlands, which raised EUR9m for its saltwater electrolysis technology (interesting to see more noise from the emerging ocean-linked DAC space, or ‘direct ocean capture’ – DOC). September also saw Poland launch its first DAC in Kielce – this is a 500tpa CO2 solar energy powered unit, supported by Kielce’s municipal government and Oraquel. Finally, looking forward into this month – and talking of heavily LinkedIn-ed events – do keep your eyes open for our upcoming conference airtime in Europe in the next few weeks – we’re taking part in the CCSA conference in London (biggest in the UK), Carbon Unbound (also London), and the Carbon Capture Tech World Expo in Hamburg (biggest in Europe).

The month in one number

700000

The amount of tonnes of CO2 the Padeswood Cement CCS plant will capture each year

North America: Funding, Fast-Tracks & Field Deployments

Canada Invests $5.8M in British Columbia Carbon Tech

Svante receives $1.3M for testing infrastructure; funding accelerates carbon management technology deployment.

Alberta Carbon Capture Projects & Pathways Alliance

Ottawa commits $21.5M to five Alberta projects; Pathways Alliance project still in limbo amid regulatory uncertainty.

CO280 Carbon Removal at Canadian Pulp Mill

Pre‑FEED awarded for capture & store of 800,000 tCO₂/yr using amines to generate high‑integrity carbon credits.

Arizona & Utah Gain EPA Class VI Authority

States positioned to accelerate CCUS deployment with streamlined storage well permitting.

Planetary Technologies & Frontier Deal

C$43.2M to remove 115,000 tCO₂ via ocean alkalinity enhancement between 2026–2030.

GE Vernova DAC Pilot with Deep Sky

Solid‑sorbent DAC field deployment in Alberta; up to 1,500 tCO₂/yr starting 2026.

  • Sweetwater Carbon Storage Hub Completes Deepest Carbon Storage Well in the Nation (link)

  • Louisiana approves first carbon capture storage well, opening way to controversial industry (link)

  • Chestnut Carbon raises $250 million in record Series B for carbon removal (link)

  • 1PointFive and NYK Announce Carbon Removal Agreement (link)

  • Frontier Unveils Rail-Based Carbon Capture Platform For US Ethanol Industry (link)

  • Cold Lake First Nations raises concerns over carbon capture project potentially being put on federal fast-track (link)

  • Tracerco deploys tracer technology in U.S. CCS milestone (link)

  • MODEC is awarded Approval-in-Principle from American Bureau of Shipping for LCO2 Floating Storage and Injection Unit (FSIU) (link)

  • Coalition of top venture firms steps in as climate tech startups struggle to secure crucial funding (link)

  • Canadian PM Carney unveils LNG and CCUS projects under review for fast-tracking (link)

Europe: Carbon Partnerships and Technology Pilots

UK: Enfinium Ferrybridge Carbon Capture Pilot

Nuada’s second pilot at a WtE facility aims to demonstrate scalable capture in the sector.

Yinson & Carbon Circle Pact

Yinson Production signed an agreement with Carbon Circle AS to develop carbon capture-as-a-service (CCaaS) for industrial emitters in Europe.

Microsoft & Equinor Partnership

CO₂ transport and storage value chains in Northern Europe & US; includes removals purchase.

Schneider Electric & Climeworks CDR Agreement

31,000 tCO₂ removal by 2039 via DAC, BECCS, and Enhanced Rock Weathering.

UK: Padeswood CCS Plant Approval

Part of HyNet; aims to capture up to 800,000 tCO₂/yr at a cement plant in Wales.

Capsol BECCS Feasibility at European CHP Plant

Exploring scalable negative emissions solutions at a biomass CHP site.

  • Finland: Metsa Group Carbon Capture Test at Pulp Mill (link)
  • Everllence Compressors For UK CCS Project (link)
  • Carbon capture launched at UK energy-from-waste site (link)
  • Babcock LGE’s onboard carbon capture solution greenlit by Lloyd’s Register (link)
  • Seatrium partners with Solvang, Norway to establish Carbon Capture and Storage systems (link)
  • Construction begins on CCUS-enabled Protos EfW site (link)
  • Immingham Heat and Power Plant gets planning greenlight (link)
  • Dutch Startup Brineworks Secures $7.3M to Scale Direct Air Capture for e-Fuels (link)
  • CFC covers ‘landmark’ Barclays carbon removal agreement (link)
  • KEZO Advances Carbon Capture at Waste-to-Energy Plant with CATACARB® HPC Pilot (link)
  • Poland to Launch First Direct Air Capture Facility in Kielce (link)
  • Everllence Compressors For Stockholm CCS Project (link)
  • Puro.earth Lands $12.8M From Nasdaq To Scale Up Carbon Removal (link)

Global Spotlight: Expanding CCS Across Asia and Beyond

Japan & India Forge Carbon Capture Partnership

Collaboration across research, tech exchange, and policy alignment to accelerate CCS.

Petrobras Launches CCS Pilot Bidding

Supports offshore operations; contributes to Brazil’s energy transition.

Thailand Proceeds with First CCS Project

$320M investment at Arthit gas field; target 1 MtCO₂ storage annually from 2028.

Honeywell & Petronas Collaboration

Solvent‑based tech + membrane contactor system; pilot planned in Malaysia.

China Carbon Capture Developments

Expected CCUS expansion as part of national decarbonization strategy.

  • Hanwha Power Systems, Supply of CO₂ MVR compressors to a combined cycle power plant utilizing CCUS in Europe (link)

  • Saipem Announces Carbon Capture Backlog Of Over $2.3B (link)

  • Japan on course for first offshore CCS wells (link)

  • Mizuho buys tech-based carbon dioxide removal credits (link)

  • MENA CCUS could grow to 25 Mt CO2 by 2030 (link)

Policy & Market Watch: Incentives, Investments & Regulation

Carbon Conference in Edmonton & Carney’s Energy Vision

New infrastructure projects announced, including decarbonized oil pipelines and LNG expansion.

India’s Carbon Capture Incentives Amid Coal Dependency

Government offers incentives to balance growth with climate commitments; CCS for coal power.

Finland & Norway Sign CO₂ Storage Agreement

Cross‑border transport of CO₂ for permanent geological storage under the seabed.

Carbon Market Developments

EU carbon allowance prices rise; Article 6 Portal tracks international credit trading.

EPA Rollback Threatens Emissions Reporting

Proposed changes could reduce transparency and enforcement.

  • Carbon capture could help turn CO2 into fuels, chemicals and building materials (link)
  • Navigating the sea of uncertainty around Marine Carbon Dioxide Removal (MCDR) (link)
  • Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways (link)
  • Greenhouse Gas Removals (GGR): business model (link)
  • A new insurance solution for risks in interdependent carbon capture and storage value chains (link)

Subscribe to our Newsletter

to stay up to date with the latest Svante news

Responsive Dynamics Form