Energy Transition & Carbon Capture

Carbon

Capture

VVC remains committed to facilitating the global energy transition through a strategic investment in Proton Green, not only one of the largest potential helium producers in North America, but one of the largest potential carbon sequestration hubs in the world.

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Why Carbon Capture

Check out some of the carbon capture insights below:

What's Carbon Capture

Carbon dioxide is the most commonly produced greenhouse gas. Carbon capture is the process of capturing and storing atmospheric carbon dioxide. It is one method of reducing the amount of carbon dioxide in the atmosphere with the goal of reducing global climate change.

Carbon Capture Market

The carbon capture and sequestration market is relatively new yet increasingly popular. Oil, gas and practically any other company that emits carbon into the atmosphere are looking to purchase these carbon offsets. Large corporations are looking to purchase carbon offsets from carbon sequestration companies in order to help reduce their carbon footprints and meet environmental targets.

Stored CO2

Stored in carbon sinks, such as oceans, forests or soils or underground injection and geological sequestration into deep underground rock formations.

Captured CO2 Uses

Captured CO2 can be used to produce certain types of concrete, plastic, and textiles, things that are still in demand for production but could be built from captured CO2.

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Energy Transition/Carbon Capture News & Updates

DOE Invests $23 Million to Evaluate the Potential for Use of Captured Carbon Dioxide Emissions for Enhanced Oil Recovery With Geologic Storage in Unconventional Reservoirs

29 Apr, 2024
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced two projects selected to receive a total of $23.2 million to evaluate the potential of oil and gas production and geologic storage of carbon dioxide (CO2) from unconventional reservoirs through a combined process that uses captured CO2 emissions to recover residual oil—called CO2 enhanced oil recovery (CO2-EOR). The projects will help evaluate the feasibility for permanent storage of CO2 in depleted unconventional shale oil and gas reservoirs, repurposing existing infrastructure in support of the Biden-Harris Administration’s historic decarbonization goals.

DOE Invests $8 Million for Projects to Advance Carbon Capture Technologies that Decarbonize Industrial Processes and Produce Valuable Products

19 Apr, 2024
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced $8 million in federal funding for 14 projects to advance technologies that capture carbon dioxide (CO2) from industrial facilities and power plants and convert those CO2 emissions into valuable products.

A Resurrection Of Trust For Carbon Offsets Is Needed To Meet Net Zero

02 Apr, 2024
Carbon offsets are under intense scrutiny, with recent reports from Amazon to Australia exposing some flaws, which may lead to doubts about their effectiveness and, therefore, distrust. This is made worse by the fact that understanding this whole system- carbon offsets, removal, or avoidance- can be complicated. Think of it as trying to solve a complicated puzzle where various players, including experts, are figuring out how different pieces fit together best. Even with all these difficulties, it's hard to ignore that the voluntary carbon market is expected to grow from $2 billion in 2020 to as much as $200 billion by 2030-40, according to one estimate. Therefore, restoring the trust of investors, governments, and the general public in this market is essential.
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