Decarb Weekly 10/26/23

Decarb Weekly, by Industria Partners, is a collection of articles focusing on trends and transactions in industrial decarbonization and climate tech. 

Chart of the Week: 

The meteoric rise of U.S. LNG exports – Canary Media

Recent Market News:

• Occidental quietly ditched a carbon capture process built into a natural gas processing plant after 13 years of underperformance. At the time of construction, the carbon capture unit was the world’s largest, however, they never ran at more than a third of capacity. – MRT
• By 2030, Europe is expected to be home to nearly 50 low-carbon steel projects, while just two are planned in the U.S. New carbon taxes across the continent are driving significant investment in the technology. – WSJ

Transactions:

• 10/24/23: Harvest Thermal, a heat pump startup that intelligently switches between energy sources, raised $4 million in Seed funding. – TechCrunch 
• 10/23/23: Affiliated Managers Group (AMG) acquired a minority equity stake in Ara Partners, a specialized private equity firm focused on industrial decarbonization. – Globe Newswire

In-depth Read:
What’s the deal with carbon capture and storage? – Yale Climate Connections

Podcast:
Carbon negative hydrogen from biogas or methane with Hycamite – Catching Carbon

Industria Partners provides focused strategic advisory services to industrial, climate, infrastructure, and energy companies at every point across the business cycle. Through industry connectivity, transaction experience, and expert execution, Industria delivers superior outcomes to its clients.