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Petrofac acquires CO2 storage company CO2DeepStore

Petrofac acquires CO2 storage company CO2DeepStore(0)

April 29, 2010

Petrofac, the international oil & gas facilities service provider, confirms that it has acquired CO2DeepStore Limited (CO2DeepStore) a UK-based CO2 storage company.  Established in 2007 in Aberdeen, Scotland CO2DeepStore is focussed on the CO2 geological storage sector of the carbon capture and storage (CCS) market.  The executive management team of the business will join Petrofac […]

Petrofac acquires CO2 storage company CO2DeepStore
Australia fixes REC price

Australia fixes REC price

The Australian Rudd Government has announced this morning that from 1 January 2011 the Renewable Energy Target will be separated into two parts and a fixed price of $40 per megawatt hour will be set for small-scale technologies. Renewable energy developments in Australia have been hampered by a plummeting REC price, driven by […]

China renewable energy boost to reduce Chinese emissions

China renewable energy boost to reduce Chinese emissions

China’s national assembly Saturday signalled the country’s commitment to reducing greenhouse gas emissions by adopting a law supporting its renewable energy industry.China,  which has been criticised for obstructing the adoption of a key treaty on climate change in Copenhagen, has passed a law committing the nation to reducing emissions through the adoption of more renewable […]

Australia says no to Emissions Trading Scheme

Australia says no to Emissions Trading Scheme

In a tumultuous week for Australian politics, the Australian Senate has voted against implementing an Emissions Trading Scheme (ETS). The week has already claimed the scalp of Malcolm Turnbull, the leader of the opposition, who had advocated the ETS be adopted into law, albeit with amendments. But Mr Turnbull was ousted by his party and […]


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