Market Intelligence
Google & Microsoft Pen Deals, MOFs win Nobel, US Back Tracks, Germany Steps Up
Monthly
In this issue:
10 highlights to note
1️⃣ ConocoPhillips Hangs ‘For Sale’ Sign on Gumbo CCS Site
2️⃣ Trump officials cancel $7.6 billion in clean energy projects
3️⃣ Deep Sky unveils plans for one of the world’s biggest direct air carbon capture facilities in Manitoba
4️⃣ MOF pioneers win 2025 Nobel Prize in Chemistry for breakthroughs in carbon capture and water treatment
5️⃣ Louisiana Gov. Landry Pauses New Carbon Capture Projects
6️⃣ Google bets on CCS for gas as a climate solution
7️⃣ Microsoft signs deal with Canadian carbon-removal startup | Financial Post
8️⃣ Canadian hydrogen developer snags stalled C$1.5 bln project, targets CO2 capture « Carbon Pulse
9️⃣ Normod Carbon plans €250m CO2 hub at Port of Grenaa
🔟 Petronas picks RINA for CCS project’s FEED work
The Rear View Mirror: Insights into what’s driving the news this month
David Phillips,
VP Corporate Development
Welcome to the October 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. SMI is also an open feedback route 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
October has been the ‘eye of the storm’ for a busy and mostly glass half-full CCUS conference season (with COP30 – and its new ‘CDR30’ emphasis on carbon removals – still to come). Away from the plenaries and panel sessions, we’ve also seen a Nobel Prize for Chemistry awarded to three teams for the discovery of metal organic frameworks (MOFs) – thrilling recognition and (scientifically) very close to home. It has also been a month with some big numbers (not all positive), some big promises (encouraging), a continued North/South of the border contrast in North America, and a good ‘blast from the past’ from Boundary Dam, namely a reminder that CCS does work at scale, with that project now clearing 7 million tonnes of captured CO2 to date. The three big numbers setting the trend (if not the surprise) were the EUR6bn industrial decarbonization programme in Germany, the USD7.6bn of clean energy projects cancelled in the US, and the claims that Chinese carbon capture projects could see 55-70% lower capex/tonne than those in the West. In general, these tell familiar stories – policy momentum in Europe, project funding cuts in the US and the ‘known unknown’ of progress in China. There’s also continued ‘positive noise’ from Canada, with more support for energy innovation and a number of DAC-related projects including Deep Sky’s work in Manitoba. And an October ‘word cloud’ for Europe would see ‘biogenic removals’ at its centre, with numerous examples like Nordbex/Aker Solutions collaborating on Bio-CCUS, Schneider Electric/Climeworks signing a 31,000t removal deal, Vantaa Carbon Capture (Finish W2E; waste-to-energy) planning to issue 300,000 carbon removals per year, and BASF licensing Andritz to use OASE® blue at a planned W2E project in Denmark. Heading East, there was good activity in the Middle East/Asia, with QatarEnergy stating an aim for 11Mtpa of CCS by 2035, Sirona launching its Moringa project in Oman, GE Vernova launching a feasibility study with YTL PowerSeraya in Singapore (CCGT CO2 capture), bp exploring CCUS pilots in India, Mitsui joining PTTEP for the first CCS project in Thailand, and the startup of the Hyundai E&C-led Pyeongtaek CCU demo plant (30ktpa CO2). And new tech momentum continues, especially for carbon removals-related themes, including Microsoft’s deal with Canadian firm Arca’s industrial mineralization (approx. 300,000 tonnes over the next decade), True North Carbon’s Tamarack Project in Alberta, Etex/Heidelberg Materials’ low carbon cement technology, Promethean Particles’ tonne-scale MOF manufacture, and Skytree’s DAC-sourced beverage grade CO2. The final word for October – the most ‘click-worthy’ story – has of course to go to the Nobel Prize-winning teams behind MOF discovery; ‘adjusting’ for this world-scale achievement, one other top industry headline has to be from Asia, namely that CO2 capture capex in China could be 55-70% lower than the West. Apples-to-apples comparisons are vital, but the regional cost competition (T&S and now capture capex) continues to gather data.
The month in one number
tonnes
The amount of CO2 captured to date at SaskPower's Boundary Dam CCS site
North America: CCS Shifts, DAC Milestones & Nobel MOF Breakthroughs
MOF pioneers win 2025 Nobel Prize in Chemistry
Richard Robson, Susumu Kitagawa, and Omar Yaghi won the 2025 Nobel Prize in Chemistry for their groundbreaking work on metal-organic frameworks (MOFs).
ConocoPhillips Hangs ‘For Sale’ Sign on Gumbo CCS Site
ConocoPhillips has announced that it is ending its participation in the Gumbo CO2 storage project in Louisiana.
Trump officials cancel $7.6 billion in clean energy projects
The Trump administration has canceled $7.6 billion in clean energy grants, part of a broader rollback of climate initiatives including solar and wind support.
Deep Sky to build one of the world’s largest DAC projects
Canadian firm Deep Sky has launched operations at Deep Sky Alpha, marking North America’s first direct air capture (DAC) facility to store atmospheric CO₂ underground.
Louisiana Gov. Landry Pauses New Carbon Capture Projects
Governor Jeff Landry has imposed a temporary moratorium on new carbon capture well applications in Louisiana, citing the need for more community engagement and transparency.
Google bets on CCS for gas as a climate solution
Google has signed a deal to purchase power from a new natural gas plant in Illinois that will capture and store 90% of its CO₂ emissions underground.
Canadian hydrogen developer snags stalled C$1.5 bn project, targets CO2 capture
Carbon Pulse reports on global climate and carbon market developments, including concerns over the high cost and uncertain benefits of direct air capture (DAC) voiced by U.S. Energy Secretary Chris Wright.
Microsoft signs deal with Canadian carbon removal startup
Microsoft has partnered with a Canadian carbon removal startup to advance its net-zero goals, investing in technologies that capture and store atmospheric CO₂.
Also in the news...
- Svante Wins World Future Award for Solid Sorbent Carbon Capture Technology in the CleanTech Category (link)
- MAAPW Marks First CO2 Shipment on Trailblazer Pipeline (link)
- Vycarb Raises $5 Million to Capture and Store CO2 in Water (link)
- Iowa Counties Take Carbon Pipeline Setback Fight To the Supreme Court (link)
- Svante Celebrates 18 Years of Carbon Management Innovation with Historic Milestones in 2025 (link)
- Sustainable jet fuel developer moves priority from SD to ND amid Summit pipeline delays (link)
- Spiritus Announces $500M Partnership to Deliver 1.5 GW of Carbon-Negative Power for Data Center Campus (link)
- CCS at Boundary Dam clears 7 million tonnes of captured CO2Chestnut (link)
- Canada advances energy innovation with major investments in carbon technologies and AI solutions – Canada.ca (link)
- Game-changing deals: Heirloom and United Airlines Ventures’ Sustainable Flight Fund direct air capture project at the Port of Caddo-Bossier – 10/12 Industry Report (link)
- True North Carbon’s Tamarack Project, Canada’s Largest Single-Technology Direct Air Capture Deployment, Achieves First Capture in Innisfail, Alberta (link)
- California governor vetoes $50 mln CDR grant programme (link)
- Oil company breaks ground on California’s first carbon capture project (link)
- Kamloops-based company wins national award for capture carbon (link)
- Fortera Secures Microsoft Funding for Low-Carbon Cement Production (link)
Europe: Project Greensand, Bifrost CCS & Europe’s New Bio-CCUS Push
TotalEnergies & CarbonVault Join Forces on Bifrost CCS (Denmark)
TotalEnergies has partnered with CarbonVault and Nordsøfonden to advance the Bifrost CCS project, which includes two offshore CO₂ storage licenses.
Normod Carbon Plans €250M CO₂ Hub at Port of Grenaa (Denmark)
Norway-based Normod Carbon will build a CO₂ hub capable of handling 10 million tonnes annually, serving as a consolidation point for captured CO₂ before offshore storage.
INEOS Project Greensand Secures Major Contracts
INEOS awarded contracts for valves, leak detection, and CO₂ pumps to support Project Greensand, which will store up to 8 million tonnes of CO₂ annually in the Danish North Sea.
BASF and ANDRITZ Deploy OASE® Blue Technology
BASF and ANDRITZ have partnered to deploy BASF’s OASE® blue gas treatment technology in a large-scale carbon capture project in Aarhus, Denmark, aiming to help the city reach CO₂ neutrality by 2030.
UK Firm Reaches Tonne-Scale MOF Manufacturing
A UK-based company has scaled up production of metal-organic frameworks (MOFs), a key material for carbon capture, to tonne-scale—marking a significant step toward commercial deployment.
Nordbex & Aker Solutions Deepen Bio-CCUS Collaboration
Swedish firm Nordbex and Aker Solutions signed an MoU to develop replicable Bio-CCUS plants across Europe. Their first facility, Nordbex 1, will convert forestry waste into energy while capturing CO₂, aiming for deployment by 2029.
Also in the news...
- Arup appointed for planning on Peak District cement decarbonisation cluster (link)
- Skytree achieves beverage-grade liquid CO₂ using direct air captureerllence (link)
- Eni secures North Sea first as it completes Hewett CCS appraisal (link)
- Etex and Heidelberg Materials Benelux unveil breakthrough low carbon cement technology (link)
- Wood Mackenzie analysis reveals EU’s carbon storage injection capacity targets face significant shortfall (link)
- Hungarian CO₂ electrolyser company teams up to develop CCU technology (link)
- Microsoft Signs New Deal to Capture Carbon in Rocks and Soil (link)
- Finnish project to issue 300k carbon credits annually from waste-to-energy CO2 capture (link)
- Barclays Signs its First Carbon Removal Deal to Capture CO2 in Crushed Rocks and Soil (link)
Global Spotlight: From BP India’s CCUS Pilots to Taiwan’s CO₂-Boosted Plants
GE Vernova Begins First CCS Study in Singapore
GE Vernova and YTL PowerSeraya have initiated a feasibility study to assess carbon capture for a 600 MW hydrogen-ready gas plant on Jurong Island.
China Claims Up to 90% Cost Edge in Carbon Capture
China reports carbon capture costs as low as $30–$40 per ton, significantly undercutting Western projects that often exceed $300/ton.
BP India Exploring CCUS Pilots with Hard-to-Abate Industries
BP India is in active discussions to launch CCUS pilot projects with sectors like steel and cement, aligning with its broader decarbonization strategy.
Sirona Launches Project Moringa CO₂ Capture and Storage in Oman
Belgian cleantech firm Sirona Technologies has commissioned its first solar-powered DAC unit in Oman, aiming to capture and mineralize CO₂ using peridotite rock.
Petronas Picks RINA for CCS Project’s FEED Work
Petronas has awarded RINA the front-end engineering design contract for Malaysia’s first CCS project, focusing on an onshore CO₂ terminal that will send emissions offshore for storage
Taiwan Develops Gene-Edited Plants That Capture More CO₂
Researchers at Academia Sinica have engineered thale cress plants with dual carbon-fixation systems, enabling 50% more CO₂ capture and significantly higher seed and oil yields.
Also in the news...
- Schneider Electric and Climeworks sign 31,000-Ton high-durability carbon removal agreement (link)
- Japan faces criticism over $5.2bn carbon capture strategy (link)
- INPEX and Chubu advance cross-border CCS (link)
- China promises government support to 41 clean-hydrogen projects (link)
- Mitsui Joins PTTEP For First Thailand CCS Project (link)
- QatarEnergy aims to scale carbon capture and storage capacity to 11 mtpy by 2035 (link)
- CCU Plant Begins Capturing 30,000 Tons of CO2 Yearly (link)
- NTPC carbon capture project produces first drop of methanol using captured CO2 (link)
Policy & Market Watch: Incentives, Investments & Regulation
Wood Mackenzie’s CCUS Conference 2025
The conference highlighted strong momentum in CCUS despite political headwinds, with growing interest in revenue stacking and durable carbon removal.
OGCI Report Highlights CO₂ Mineralizing Rocks for Storage Expansion
The OGCI report emphasizes the potential of mineralizing rocks like basalt and peridotite to permanently store CO₂, especially in regions lacking sedimentary basins.
UK Carbon Removal Strategy Review Urges Airlines to Offset with CDR
A UK government review recommends airlines offset emissions using verified carbon removal credits, including DAC and biochar.
What’s Next for Carbon Removal? – MIT Technology Review
The carbon removal sector is facing a market correction, with several startups pivoting or shutting down amid reduced venture funding.
U.S. Sinks Global Shipping Carbon Tax After Threatening Sanctions
The U.S. blocked a proposed global carbon tax on shipping at the IMO, citing economic concerns and threatening sanctions.
New CDR30 Pavilion Puts Carbon Removal at the Heart of COP30
The CDR30 Pavilion will debut at COP30, spotlighting carbon removal solutions and policy frameworks.
Germany Launches €7B Industrial CCS Plan
Germany has launched a €6 billion (~$7 billion) initiative to help heavy industries like steel, cement, and chemicals reduce emissions.
Brazil finalized its draft of the CCS Executive Order (“Decreto”)
The draft decree sets out rules for carbon dioxide capture, pipeline transport, and geological storage in Brazil.
Independent Review of UK GGR Proposed Program
The UK’s independent review of GGR released in October 2025, provides a set of recommendations for the UK government to accelerate GGR deployment.
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