Carbon capture market to grow to $4 trillion by 2050
21:36 22.04.2022 5163
ExxonMobil estimates that by 2050 the market for carbon dioxide (CO2) capture and storage will be $4 trillion. This is stated in the presentation of the company, held this week, according to Neftegaz.RU.
This is about 60% of the oil and gas market, which by 2050 will amount to 6.5 trillion US dollars.
According to the International Energy Agency (IEA), carbon capture is an important technology for reducing emissions into the atmosphere.
Capture technology includes capturing CO2 from fuel combustion or industrial processes; its transportation by sea or pipeline; stored underground in geological formations or used as a resource to create products.
Global oil and gas majors are investing to make carbon capture and storage a business. This is important because international organizations such as the Intergovernmental Panel on Climate Change (IPCC) have identified this technology as key to mitigating global warming.
President of Turkmenistan made online speech at the 76th session of the UN General Assembly
President of Turkmenistan Gurbanguly Berdimuhamedov in his video message to the participants of the 76th session of the UN General Assembly called on states to overcome differences and unite in order to solve the most acute problems of the global level.
TCOR showed new products at the exhibition in honor of the 30th anniversary of the independence of Turkmenistan
The exhibition of the achievements of Turkmenistan, timed to coincide with the holiday of the 30th anniversary of the country's independence, was successfully held in the capital's Expocentre of the Chamber of Commerce and Industry on September 21-22.
Saudi Arabia supports Turkmenistan's position on TAPI implementation, - Ambassador
Saudi Arabia fully supports the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. This was stated by the Ambassador of Saudi Arabia to Turkmenistan Said Osman Ahmed Suweid in an article published in the newspaper «Neutral Turkmenistan» on the occasion of the celebration of the Day of the Proclamation of the Kingdom of Saudi Arabia.
President of Turkmenistan: the upcoming visit to Turkey will open new pages in Turkmen-Turkish cooperation
President of Turkmenistan Serdar Berdimuhamedov expressed confidence that the upcoming official visit to the Republic of Turkey will open new pages in the further development of Turkmen-Turkish friendly and fraternal relations.
At the SCRMET auctions, export deals were concluded for diesel fuel, aviation and lighting kerosene, petroleum bitumen and fuel oil
Thirty-three transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.