Kontrol Technologies Adds Carbon Sequestration Monitoring Customer

Source: www.gulfoilandgas.com 12/11/2023, Location: North America

Kontrol Technologies Corp. (“Kontrol” or the “Company”), adds a carbon sequestration monitoring Customer (the “Customer”) to its industrial emissions platform. The Company will provide real time monitoring for its Customer to support the development and integration of carbon sequestration solutions at a large industrial facility in Ontario, Canada.

“The market around carbon sequestration is taking hold as large industrial emitters may face financial penalties if they are unable to meet their emission targets,” says Paul Ghezzi, CEO of Kontrol. “Many large industrial emitters are moving forward with carbon sequestration plans, and we are pleased to be able to support the growth of this new opportunity with real-time monitoring solutions which can monitor and measure various emissions and emission levels.”

According to Natural Resources Canada, in response to the climate imperative, global momentum in the carbon management sector has grown substantially in recent years, with over 570 carbon capture, utilization, and storage (CCUS) projects in development. By 2030, 368 projects are expected to be operational, with an anticipated capacity to capture 743 Mt of CO2 per year. www.natural-resources.canada.ca/climate-change

The Customer will not be named for industry competitive reasons.


Australia >>  4/18/2024 - The Australia-Austria Industrial Decarbonisation Demonstration Partnerships Program provides funding of AUD$20 million (€12 million). Transnational an...
Netherlands/Holland >>  4/18/2024 - ‘The energy transition momentum has come,’ according to Maike Akkers, Energy Transition Infrastructure Program Manager at the Port of Rotterdam Author...

Scotland >>  4/18/2024 - SSE's CEO, Alistair Phillips-Davies, responds to the Scottish Government's update on its climate targets:

“There is no doubt Scotland has the...

United States >>  4/18/2024 - New collaboration aims to scale the full value chain of carbon removal by capturing and permanently sequestering biogenic CO2 at pulp and paper mills....

United States >>  4/18/2024 - Commodity price reporting and benchmarking agency ResourceWise has released a new product, the A to Z Guide: ESG Reporting Landscape. Alongside severa...
United States >>  4/18/2024 - At the third Innovations in Climate Resilience Conference (ICR24) held April 22-24 in Washington D.C., national experts and leaders from government, t...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.