As offshore operators face increasing pressure to decarbonize, MODEC has entered a joint development agreement with Norway-based Eld Energy to advance integrated solid oxide fuel cell (SOFC) and CO2 capture systems for floating production, storage, and offloading (FPSO) vessels.
The tyre industry is increasingly turning toward circular materials to reduce lifecycle emissions, and a new collaboration between Dunlop and Cabot Corporation signals a push to integrate reclaimed carbon into mass-produced tyres.
Microsoft’s offtake agreement with Varaha for biochar-based carbon dioxide removal in India highlights a growing shift toward agricultural waste streams as a scalable, verifiable source of long-term removals, while also exposing the operational and integrity challenges that still define the sector.
More than half of India’s steel exports now flow to the European Union, a market that has effectively rewritten the economics of carbon-intensive manufacturing. With the EU’s carbon border adjustment mechanism entering its implementation phase this month, Indian steelmakers face the prospect of paying levies tied directly to the emissions embedded in their products, a shift that threatens to erode price competitiveness built on coal-based production.
BASF Coatings has replaced its internally developed carbon accounting system with a new digital solution capable of calculating Product Carbon Footprints for roughly 120,000 sales products in real time, reflecting a broader push by chemical suppliers to standardize and audit emissions data at scale.
International aviation emissions have crossed a regulatory threshold that many airlines had postponed planning for since 2020. Newly released data from the International Civil Aviation Organisation confirms that emissions from international flights in 2024 have exceeded 85 percent of 2019 levels, triggering offsetting obligations under the Carbon Offsetting and Reduction Scheme for International Aviation.
Lime production remains one of the UK’s most carbon intensive industrial activities, not because of fuel choice but because chemistry itself drives emissions. During limestone calcination, calcium carbonate decomposes into calcium oxide and carbon dioxide, releasing CO2 that cannot be eliminated through electrification or fuel switching alone.
Carbon markets remain a marginal contributor to global climate finance, but Nigeria is positioning them as a material revenue stream within its broader energy transition strategy.
BP’s decision to write down up to $5 billion from its gas and low carbon energy division places a hard number on what has been an increasingly visible problem for the company: its early and aggressive push into renewables has failed to deliver competitive returns relative to its peers.
