Decarb Weekly 11/16/23

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: 

Clean energy jobs expected thanks to Inflation Reduction Act – Canary Media

Recent Market News:

• The CCUS industry is set to reach 420 million metric tons per annum by 2035, up from 140 million metric tons in 2022 (an 18% CAGR). BloombergNEF expects the U.S. market to own nearly 40% of the carbon capture capacity by 2035. – BloombergNEF
• The U.S. Energy Department announced $3.5 billion from the federal 2021 infrastructure law will be used to amp up domestic production of advanced batteries and battery materials. – S&P Global Markets.

Transactions:

• 11/10/23: Manulife Investment Management has raised $224.5 million to buy timberland. Manulife has indicated that it will prioritize carbon sequestration over wood production. – WSJ 

In-depth Read:
The ‘Golden Age’ of the Electric Grid Buildout – T&D World

Podcast:
Green Energy’s Mounting Costs Confront Executives – WSJ

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.