China Steel Corporation

The Monte Cristo I project strengthens Terra-Gen’s presence in Texas with a total capacity of 273 MW and economic returns exceeding $100mn for local communities.
Ecopetrol has finalised the acquisition of solar assets in Colombia from Statkraft for $157.5mn, adding more than 0.6 GW of installed capacity to its energy portfolio.

Tethys Petroleum increases output and returns to profit in Q3

Tethys Petroleum posted a net profit of $1.4mn in Q3 2025, driven by a 33% increase in hydrocarbon sales and rising oil output.
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The Kuwaiti government has invited six international consortia to submit bids for a new 500-megawatt solar project under phase III of the Al Shagaya complex.
Serbia considers emergency options to avoid the confiscation of Russian stakes in NIS, targeted by US sanctions, as President Vucic pledges a definitive decision within one week.

Carbon neutrality to reach $27.22bn by 2035, driven by Asia

Driven by rising demand from China and India, the global carbon neutrality market is expected to grow by 7.3 % annually through 2035, supported by sustained investment in capture technologies.
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Exowatt strengthens its capital to industrialise its P3 solar solution and meet the strong demand from AI-powered data centres across the United States.
BW Offshore and BW Group create BW Elara, a joint venture for floating desalination units, combining offshore engineering and water treatment to meet urgent freshwater needs.

Aramco deploys autonomous AI agents to optimise Fadhili gas plant

Aramco and Yokogawa have completed the deployment of autonomous artificial intelligence agents in the gas processing unit of Fadhili, reducing energy and chemical consumption while limiting human intervention.
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Ohmium reached an iridium utilisation rate of 18 GW/ton for its electrolyzers, significantly surpassing the 2030 target, through technological advances that lower hydrogen production costs.
Shanghai Electric signed a framework agreement with Siemens to develop medium- and low-voltage equipment, aiming to modernise China’s power grids and support national decarbonisation targets.

Rondo Energy commissions industrial heat battery in Thailand

US-based Rondo Energy and SCG Cleanergy have completed the installation of a 33 MWh heat battery at a cement plant in Thailand, the first of its kind in Southeast Asia, delivering steam to power a turbine for industrial electricity generation.
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S‑Fuelcell is accelerating the launch of its GFOS platform to provide autonomous power to AI data centres facing grid saturation and a continuous rise in energy demand.
Enbridge commits $1.4bn to expand capacity on its Mainline network and Flanagan South pipeline, aiming to streamline the flow of Canadian crude to US Midwest and Gulf Coast refineries.

Illinois clarifies county authority over solar siting

A new law passed by the Illinois Legislature strengthens counties' power over siting commercial solar projects in unincorporated areas, amid a legal dispute between Grundy County and the City of Morris.
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US-based T1 Energy strengthens its industrial footprint with two successive capital injections and prepares for the launch of its G2_Austin facility, while doubling production at its G1_Dallas site in the fourth quarter.
Frontera Energy will separate its oil and infrastructure operations in Colombia to create two independent entities with distinct strategies, with completion expected in the first half of 2026.

Washington strengthens nuclear deal with Seoul and grants enrichment access

The United States approves South Korea’s development of civilian uranium enrichment capabilities and supports a nuclear-powered submarine project, expanding a strategic partnership already linked to a major trade agreement.
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Belarus commits major public investment to add a third reactor at the Ostrovets plant and initiates studies for a second nuclear site to support national energy demand.
Aramco is reportedly in talks with Commonwealth LNG and Louisiana LNG, according to Reuters, to secure up to 10 mtpa in the “2029 wave” as North America becomes central to global liquefaction growth.
geoLOGIC and Carbon Management Canada launch a free online technical certificate to support industrial sectors involved in carbon capture and storage technologies.
AtmosClear has chosen ExxonMobil to handle the transport and storage of 680,000 tonnes of CO₂ per year from its future biomass energy site at the Port of Baton Rouge, United States.

Brineworks raises €6.8mn to accelerate its direct air capture of CO₂

The Dutch start-up secures €6.8mn to industrialise a DAC electrolyser coupled with hydrogen, targeting sub-$100 per tonne capture and a €1.8mn European grant.
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Japan Petroleum Exploration is preparing two offshore exploratory drillings near Hokkaidō to assess the feasibility of CO₂ storage as part of the Tomakomai CCS project.
The Singaporean government has signed a contract to purchase 2.17 million mtCO2e of carbon credits from REDD+, reforestation and grassland restoration projects, with deliveries scheduled between 2026 and 2030.

Canada invests CAD5.8mn in three carbon capture projects in British Columbia

The Canadian government is funding three companies specialising in CO2 capture and utilisation, as part of a strategy to develop local technologies with high industrial value.
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European carbon allowance prices reached a six-month high, driven by industrial compliance buying ahead of the deadline and rising natural gas costs.
Zefiro Methane Corp. completed the delivery of carbon credits to EDF Trading, validating a pre-sale agreement and marking its first revenues from the voluntary carbon market.

Hanwha Power Systems to deliver CO₂ MVR compressors for a CCUS project in Europe

Hanwha Power Systems has signed a contract to supply mechanical vapour recompression compressors for a European combined-cycle power plant integrating carbon capture and storage.
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A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.
Frontier Infrastructure Holdings drilled a 5,618-metre well in Wyoming, setting a national record and strengthening the Sweetwater Carbon Storage Hub’s potential for industrial carbon dioxide storage.

Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway

The Northern Lights project has injected its first volume of CO2 under the North Sea, marking an industrial milestone for carbon transport and storage in Europe.
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Verra and S&P Global Commodity Insights join forces to build a next-generation registry aimed at strengthening carbon market integration and enhancing transaction transparency.
Singapore signs its first regional carbon credit agreement with Thailand, paving the way for new financial flows and stronger cooperation within ASEAN.

GIP Acquires 49.99% Stake in Eni CCUS Holding in Strategic Carbon Deal

Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.
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Investors hold 28.9 million EUAs net long as of August 8, four-month record level. Prices stable around 71 euros despite divergent fundamentals.
The federal government is funding an Ottawa-based company’s project to design a CO2 capture unit adapted to cold climates and integrated into a shipping container.

Fluenta equips Louisiana site with Bias-90 FlarePhase system for CO₂ measurement

Fluenta has completed the installation of its Bias-90 FlarePhase system at the Pelican Amine Treating Plant in Louisiana, marking progress in the measurement of flare gas flows with very high carbon dioxide concentrations.
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Alberta carbon credits trade at 74% below federal price as inventory reaches three years of surplus, raising questions about regulatory equivalence before 2026 review.
The integration of carbon capture credits into the British trading system by 2029 raises questions about the price gap with allowances and limited supply capacity.