Carbon capture refers to a collection of technologies and processes designed to capture carbon dioxide (CO2) emissions produced from industrial processes, power generation, and other sources before the CO2 can enter the atmosphere. The primary goal of carbon capture is to reduce greenhouse gas emissions and mitigate climate change by preventing CO2, a major contributor to global warming, from reaching the environment.
The captured CO2 can either be stored underground in geological formations, a process known as carbon capture and storage (CCS), or utilized in various applications, such as in the production of fuels, chemicals, or building materials, referred to as carbon capture and utilization (CCU). The effectiveness of carbon capture technologies varies depending on the method used and the source of emissions, but they are considered a crucial part of broader strategies to achieve net-zero emissions and combat climate change.
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…