CO2 News Summary – Week of 3/24/25

CO2 News Summary – Week of 3/24/25

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GULF COAST

Stargate Data Center Expansion in West Texas

• AI infrastructure provider Crusoe is expanding the Stargate data center in Abilene, Texas.

• The expansion will bring the campus to approximately 4 million square feet.

• The project is still under construction, with the next phase underway.

Data City Texas Launches Large-Scale Data Center Near Laredo

• Data City Texas announced plans for a 15 million square foot data center on a 50,000-acre site.

• The data center will produce 5GW of power upon completion.

• The initial phase includes a 250MW AI/HPC data center powered by natural gas from New Era.

• Phase 1: First 300MW and 1 million square feet of data center space to be operational by late 2026.

• Full Completion: Entire project expected by 2030.

• Renewable Energy Integration: Data City will transition to 100% renewable green hydrogen energy produced at Hydrogen City using solar and wind power.

• The project, valued at $25-35 billion, is owned by Energy Abundance.

Sharon AI and New Era Helium Plan New Data Center with CCS in Ector County

• Sharon AI and New Era Helium have signed a Letter of Intent (LOI) with Grow Odessa to acquire a 200-acre site in Ector County, West Texas.

• The project includes the development of a 250MW AI/HPC data center powered by natural gas from New Era.

• Strategic Location: The site is near fiber optic networks, two natural gas transmission lines, and CO₂ pipeline infrastructure.

• CCS Integration: The CO₂ infrastructure will enable Carbon Capture, Utilization, and Storage (CCUS) through enhanced oil recovery (EOR).

Odessa Data Center

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USA

BKV Corporation Sequestration Report

• Q4 2025 Sequestration: BKV Corporation reported the sequestration of 44,437 metric tons of CO₂.

• Daily Sequestration: This averages approximately 493 metric tons per day using a Class II well.

• Annual Total for 2024: BKV Corporation injected a total of 165,069 metric tons of CO₂ during the year.

Moxa Carbon Storage LLC Subsurface Right-of-Way Approval

• BLM Decision: The Bureau of Land Management (BLM) determined that the Southwest Wyoming Carbon Dioxide Sequestration Project would have no significant impact.

• Right-of-Way Approval: This decision grants Moxa Carbon Storage LLC, a subsidiary of Tallgrass Energy L.P., approval for subsurface exploration.

• Exploration Area: The approved area covers 605,100 acres for a potential carbon capture and storage (CCS) site.

  
  

  

  Support for CCS

  
  

  

  Fossil and Carbon Management

  
  

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INTERNATIONAL

Nigerian CO₂ Storage Atlas Release

• Public Access: The Nigerian CO₂ Storage Atlas has been made publicly available, providing valuable data on the country’s geological storage capacity.

• Target Audience: Developers interested in building CO₂ transport networks and storage facilities can access this resource for planning and feasibility assessments.

• Storage Capacity: The high-level assessment estimates Nigeria has approximately 10.7 gigatons of prospective CO₂ storage resources.

Malaysia's CCUS Bill Approval

• Legislation Passed: Malaysia’s CCUS (Carbon Capture, Utilization, and Storage) Bill was approved by the Dewan Rakyat on March 6, 2025.

• Impact: The bill establishes a legal framework to regulate and promote carbon capture and storage projects, supporting the country’s climate goals.

Repsol’s TarraCO₂ Project Funding

• EU Innovation Fund Support: Repsol has received $223.5 million from the European Commission to advance its TarraCO₂ project located offshore Spain.

• Project Scope: The storage facility aims to sequester up to 54 million tons of CO₂, with an annual injection capacity of 2 million tons.

• Broader Impact: This funding is part of the EU Innovation Fund’s allocation supporting 77 decarbonization projects across Europe.

Milford Co2

Northern Lights Phase 2 Investment Decision

• Investment Commitment: Equinor, TotalEnergies, and Shell have made a financial investment decision for Northern Lights Phase 2, with a total investment of NOK 7.5 billion ($714 million USD).

• CO₂ Transport and Storage: The agreement covers the transport and storage of up to 900,000 tonnes of biogenic CO₂ annually.

• Expansion Goal: By 2028, the project aims to expand its CO₂ injection capacity to 5 million tonnes per year.

  
  

  

  Northern Lights

  
  

Stockholm Exergi’s Beccs Stockholm Facility

• Project Announcement: Stockholm Exergi plans to construct Beccs Stockholm, one of the world’s largest facilities for carbon dioxide removal (CDR) from the atmosphere.

• Investment Milestone: A recent investment decision marks significant progress toward enabling permanent carbon removals.

• Operational Timeline: Construction will commence immediately, with operations targeted to begin by 2028.

• Partnership: Northern Lights JV will handle the CO₂ transport and storage, supporting the project's expansion and contributing to the growth of a negative emissions industry in the Nordics and Europe.

Aramco’s Direct Air Capture Pilot Plant

• Launch: Aramco introduced Saudi Arabia’s first Direct Air Capture (DAC) test unit, partnering with Siemens Energy to explore emissions-reduction technologies.

• Capacity: The plant has a modest capacity of 12 tons of CO₂ per year.

• Commercial Assessment: The pilot project will evaluate the potential for commercial scale-up of DAC technologies.

Mitsui O.S.K. Lines and Captura Partnership

• Carbon Removal Purchase: Japanese shipping company Mitsui O.S.K. Lines (MOL) has purchased 30,000 tonnes of CDR from US-based Direct Ocean Removal (DOR) company Captura.

• Strategic Partnership: MOL signed an agreement to become a strategic partner for deploying commercial DOR plants.

• Investment: The investment was made through MOL’s venture capital arm, MOL Switch LLC.

• Delivery Timeline: The CO₂ removal tonnes will be delivered from Captura’s first commercial DOR facilities before the end of 2030.

Volotea and 280 Earth Partnership

• Collaboration: Volotea became the first European airline to collaborate with 280 Earth, a leader in DAC technology.

• Significance: This is 280 Earth’s first European partnership, potentially paving the way for further collaborations in the region.

• Scope: A two-year Memorandum of Understanding (MOU) will explore high-quality carbon credit solutions and certified emissions reduction projects.

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OTHER

IBM and Veridium Labs Tokenized Carbon Credits

• Partnership Announcement: IBM has partnered with environmental fintech startup Veridium Labs to convert carbon credits into blockchain-based tokens.

• Objective: The collaboration aims to simplify the carbon credit market using IBM blockchain technology, making it easier for companies to offset their environmental footprints.

• Implementation: Veridium plans to transform carbon credits into a fungible digital asset on the Stellar network.

• Carbon Credit Source: The tokenized credits will include REDD+ credits from InfiniteEARTH, which are backed by sustainability projects.

• Company Affiliation: Both Veridium and InfiniteEARTH are associated with EnVision Corporation, an incubator for sustainable technologies.

Hut 8’s River Bend Campus for Bitcoin Mining and AI

• Land Acquisition: Hut 8 has secured 592 acres in West Feliciana Parish, Louisiana for a new 300MW data center.

• Investment and Jobs: The $2.5 billion project, named River Bend Campus, is expected to create 1,500 to 2,000 construction jobs.

• Purpose: The facility will support Bitcoin mining and AI workloads, employing a closed-loop cooling system.

• Expansion Plans: Hut 8 currently operates or is developing 19 data center sites across the U.S., including 10 Bitcoin mining projects, 5 high-performance computing data centers, and 4 power-generation assets.

• Upcoming Project: The Vega site in the Texas Panhandle (205MW) will launch later this year, featuring direct-to-chip liquid cooling for Bitmain’s ASIC miners.

• Partnership: In Q4 2024, Hut 8 entered a partnership with Bitmain to deploy U3S21EXPH mining rigs for 15 EHps of dedicated Bitcoin mining capacity.

Amazon’s Carbon Credit Service on Sustainability Exchange

• Service Launch: Amazon has introduced a carbon credit service on its Sustainability Exchange platform.

• Purpose: The service helps businesses invest in high-quality carbon credits to support their decarbonization goals.

• Transparency and Credibility: Amazon aims to ensure transparency and accountability by providing access to vetted carbon credits.

• Key Features:

  • Science-Based Carbon Credits: All credits meet strict environmental standards to provide genuine climate benefits.

  • Support for Nature-Based Solutions: The platform offers credits from projects focused on reforestation, forest conservation, and land restoration.

  • Investment in Carbon Removal Technologies: Supports projects using solutions like Direct Air Capture (DAC) and biochar for long-term carbon storage.

  • Climate Pledge Signatories: Businesses committed to The Climate Pledge can access the service to meet their sustainability targets.