BASF and Exterra to collaborate on commercial scale carbon capture and storage (CCS) project in Canada [Yahoo! Finance]
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance
First-of-its-kind integrated capture and mineralization system in North America tailored for transparent and safe surface carbon sequestration Ex-situ carbon mineralization ensures permanent storage and generates validated carbon credits MONTREAL Nov. 4, 2024 /CNW/ - BASF and Exterra Carbon Solutions (Exterra) have entered into a memorandum of understanding (MoU) to explore opportunities to deploy a commercial scale carbon capture and storage (CCS) project in Quebec, Canada , using a combination of BASF's OASE ® gas treatment technology and Exterra's Reactive Oxide to Carbonate System (ROC) as part of its integrated carbon storage services. The strategic partnership is aimed at accelerating the decarbonization of Quebec's industrial sector, specifically targeting hard-to-abate industries like the cement, steel, gas-to-power and waste-to-energy sectors, which account for nearly 20 percent of global CO emissions, according to the International Energy Agency The collaboration harnes
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