Decarb Weekly 3/21/24

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: 

U.S. and global GHG emissions by industrial sector, as percentages of total industrial emissions and in million metric tons of carbon dioxide equivalent. – Cap20

Recent Market News:

• The U.S.’s new climate disclosure rules imposed by the SEC have been halted by the U.S. Appeals Court. Liberty Energy and Nomad Proppant Services argued the SEC lacked the authority to create a climate rule and the rule itself was arbitrary and capricious and violated the First Amendment. – WSJ

Transactions:

• 3/20/24: AirMyne, a developer of low-temperature carbon sequestration technology, raised $6.9 million in seed funding. The startup aims to partner with Fervo, a geothermal startup, to build an efficient carbon sequestering project in 2026. – TechCrunch
• 3/19/24: Chevron and JX Nippon Oil & Gas signed an agreement outlining plans to explore the feasibility of exporting carbon dioxide from Japan to CCS projects in Australia and other Asia Pacific countries. – Pipeline & Gas Journal
• 3/18/24: TotalEnergies purchased Talos Low Carbon Solutions for $148 million. The sale includes Talos’s entire carbon capture and sequestration business, including its three projects along the U.S. Gulf Coast: Bayou Bend, Harvest Bend, and Coastal Bend. – PRNewswire

Deep Dive:
2023 NYU Stern Innovation Conference: Innovations in Carbon Capture and Utilization – NYU Stern

Podcast:
Deconstructing the European carbon market’s price slump – Platts Future Energy

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.