Oil and gas firm bp has teamed-up with CarbonFree to develop a number of carbon capture and utilisation projects at industrial sites.
A carbon capture specialist, CarbonFree has an ambition to capture 10% of the world’s industrial carbon with its SkyCycle™ technology. The SkyCycle™ technology will be deployed at each site targeted by the duo.
SkyCycle™ captures and utilises carbon emissions from hard-to-abate industrial sources by converting CO2 into specialty chemicals, including calcium carbonate.
Orlando Alvarez, Senior Vice-President of Gas and Power Trading in the Americas at bp, said CarbonFree’s SkyCycle™ technology can play a role in helping heavy industry make progress toward Net Zero targets.
bp ventures has been an investor in CarbonFree for nearly 10 years.
Martin Keighley, CEO of CarbonFree, added, “As a valued supporter for nearly a decade, bp understands our technology and the potential impact it can have on helping decarbonise hard-to-abate industrial sites.”
bp’s stated ambition is to become a Net Zero company by 2050 or sooner, and to help the world get to Net Zero. The company is investing in low carbon energy businesses in the US and globally including bioenergy, e-mobility, renewables and hydrogen.