Carbon Capture refers to a set of technologies and processes aimed at capturing carbon dioxide (CO2) emissions produced from the use of fossil fuels in electricity generation and industrial processes, before that CO2 can enter the atmosphere. The captured CO2 is then typically stored underground in geological formations, utilized in various industrial applications, or converted into products. The primary goal of carbon capture is to mitigate climate change by reducing the overall concentration of greenhouse gases in the atmosphere. The technology is considered an essential component of strategies to achieve carbon neutrality, particularly in hard-to-abate sectors where reducing emissions is challenging. Carbon capture can be deployed in various forms, including pre-combustion capture, post-combustion capture, and oxy-fuel combustion, each of which has different operational mechanisms and applications.
The energy landscape is transforming drastically. A monumental partnership between a solar energy firm and a private equity group is fostering a ground-breaking solar facility, valued at $415 million, designed…