Carbon capture market to grow to $4 trillion by 2050
16:36 22.04.2022 7281
ExxonMobil estimates that by 2050 the market for carbon dioxide (CO2) capture and storage will be $4 trillion. This is stated in the presentation of the company, held this week, according to Neftegaz.RU.
This is about 60% of the oil and gas market, which by 2050 will amount to 6.5 trillion US dollars.
According to the International Energy Agency (IEA), carbon capture is an important technology for reducing emissions into the atmosphere.
Capture technology includes capturing CO2 from fuel combustion or industrial processes; its transportation by sea or pipeline; stored underground in geological formations or used as a resource to create products.
Global oil and gas majors are investing to make carbon capture and storage a business. This is important because international organizations such as the Intergovernmental Panel on Climate Change (IPCC) have identified this technology as key to mitigating global warming.
Schoolchildren’s summer holiday season starts in Geokdere
The summer vacation season is currently in full swing in our country. Tired of the school bustle, the children plunged headlong into the atmosphere of joy, fun and new adventures that every day gives them, spent in one of the many children’s health centers in the picturesque corner of our country – the Geokdere Gorge.
The Presidents of Turkmenistan and Kazakhstan discussed issues of bilateral and regional cooperation
During his working visit to Kazakhstan, President of Turkmenistan Serdar Berdimuhamedov met with the Head of the Republic Kassym-Jomart Tokayev, TDH reports.
Serdar Berdimuhamedov: Turkmenistan is interested in expanding multifaceted cooperation in the Central Asia-Italy format
On May 30, President of Turkmenistan Serdar Berdimuhamedov paid a working visit to Kazakhstan, where he took part in the First Summit in the Central Asia-Italy format, held in Astana.
Uzbekneftegaz plans to buy oil from Petronas subsidiary in Turkmenistan
Uzbek holding corporation Uzbekneftegaz and Petronas Charigali (Turkmenistan) SDN BHD are working on a program for supplying Turkmen oil to Uzbekistan in 2023, according to the Uzbek edition of Newshub.uz.
Teleconference between the participants of «OGT-2021» and «Expo Dubai 2020» was held
Today, on the second day of the XXVI International Conference «Oil and Gas of Turkmenistan -2021», a teleconference was held with the participants of the International Exhibition «Expo Dubai 2020». Its participants discussed one of the most pressing topics of our time – the transition to a low-carbon future through the use of natural gas and alternative energy sources.