Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

Canada-based Carbon Engineering (CE) specializes in Direct Air Capture (DAC) and air-to-fuel (ATF) technologies. ATF technology turns atmospheric carbon dioxide (CO2) DAC facilities into low-carbon fuels. The company’s pilot DAC plant in British Columbia captures one ton of CO2 per day. As of March 2024, CE is working with 1PointFive to commercialize its air-to-fuel processes.Key customers and partnershipsCE has partnered with Oxy Low Carbon Ventures (the venture capital arm of the oil and gas company Occidental Petroleum) to build its first commercial DAC facility in Texas Permian Basin. The proposed facility will capture one million tons of CO2 per year. The construction of the plant is to be completed by 2024. CE has also begun engineering at its <a href="https://sp-edge.com/updates/14178">second DAC facility</a> in Kleberg County, Texas to capture 30 million tons of CO2 per year. The site is expected to begin operations by late 2024. CE also has a partnership with Storegga Geotechnologies to deploy its DAC technology in the UK. In <a href="https://sp-edge.com/updates/10949">June 2022</a>, CE extended its collaboration with 1PointFive to deploy DAC projects globally.CE allows customers to pre-purchase carbon removal quantities from its future projects. In March 2021, Shopify became CE’s first customer, having reserved 10,000 tons of carbon removals. CE has also partnered with BeZero (a British climate asset and liability management company) for a joint retail offering that allows customers to purchase carbon removals through BeZero’s website. In November 2021, CE also signed up BMO Financial Group, a Canadian financial service provider, as a new customer and plans to deliver 1,000 tons of carbon removal units.CE estimates the net cost of its DAC technology to be around USD 94–232 per ton. The net cost of capture from its proposed one-megaton commercial plant is expected to be “little less than USD 200 per ton”. The company has also reported that its net cost of capture needs to fall below USD 150 per ton for the technology to make commercial sense.In October 2021, Carbon Engineering also partnered with Huron Clean Energy (Canada), The Upper Nicola Band (Canada), and Oxy Low Carbon Ventures to develop a large-scale commercial ATF facility in British Columbia. The facility is expected to begin operations in 2026. In November 2021, the company partnered with Air Canada to explore sustainable aviation fuel (SAF) opportunities.In <a href="https://sp-edge.com/updates/21044">August 2023</a>, Occidental Petroleum announced a definitive purchase agreement to acquire Carbon Engineering for USD 1.1 billion in cash. The deal was closed in <a href="https://www.blg.com/en/about-us/deals-and-suits/2023/11/occidental-petroleum-completes-us1-1-billion-acquisition-of-carbon-engineering-ltd#:~:text=On%20November%203%2C%202023%2C%20Occidental,equity%20of%20Carbon%20Engineering%20Ltd.">November 2023</a>.&nbsp;

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

ZwitterCo is a water technology company offering solutions for industrial wastewater treatment and reuse. The company’s solution, called “Zwitterionic” membranes, is a rugged polymer membrane made from patented copolymers used for wastewater separation. Zwitterionic membranes are used to recycle tough-to-treat wastewater such as treating digestates, leachates, O&amp;G (oil and gas) produced water, poultry and dairy, bioprocessing, and food and beverage produced wastewaters. The company claims to offer the world's first organic fouling-immune brackish water membranes, reducing cleaning frequency by up to 90%.Its membranes are also stated to be immune to fouling after every wastewater cleaning cycle compared to traditional membranes whose performance degrades after each cleaning cycle. The company also claims that the material filtered out of the membranes can also be resold as fertilizer or feedstock.In November 2023, the company initiated its <a href="https://zwitterco.com/news/zwitterco-launches-early-access-program-for-first-organic-fouling-immune-ro-membrane/">Early Access Program</a> for its new brackish water reverse osmosis (BWRO) membranes, allowing ZwitterCo to collaborate with select customers and OEMs for field applications ahead of the product’s commercial launch in 2024.Key customers and partnershipsIn October 2022, the company partnered with Digested Organics, a Michigan-based wastewater filtration solutions company, as a channel partner in North America to provide solutions for the digestate market. In May 2023, the company partnered with <a href="https://zwitterco.com/news/zwitterco-and-mott-corporation-enter-into-exclusive-partnership-to-deliver-new-filtration-and-nutrient-management-solutions/">Mott Corporation</a> to deliver wastewater solutions for manure and food-waste digesters, as well as breweries and distilleries, in North America.Funding and financialsIn <a href="https://sp-edge.com/updates/13117">September 2022</a>, the company raised USD 33 million in Series A funding led by DCVC. The funds were to be used to expand the production and development of Zwitterionic membrane technology and support the construction of the company’s innovation center in Boston.

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

Canada-based Carbon Engineering (CE) specializes in direct air capture (DAC) and air-to-fuel (ATF) technologies. The company’s pilot DAC plant in British Columbia captures one ton of carbon dioxide (CO2) per day.Key customers and partnershipsCE has partnered with Oxy Low Carbon Ventures (the venture capital arm of the oil and gas company Occidental Petroleum) to build its first commercial DAC facility in Texas Permian Basin. The proposed facility will capture one million tons of CO2 per year. The construction of the plant is expected to begin in 2022 and be completed by 2024. CE has also begun engineering at its <a href="https://sp-edge.com/updates/14178">second DAC facility</a> in Kleberg County, Texas to capture 30 million tons of CO2 per year. The site is expected to begin operations by late 2024. CE also has a partnership with Storegga Geotechnologies to deploy its DAC technology in the UK. In June 2022, CE extended its collaboration with <a href="https://sp-edge.com/updates/10949">1PointFive</a> to deploy DAC projects globally.CE allows customers to pre-purchase carbon removal quantities from its future projects. In March 2021, Shopify became CE’s first customer, having reserved 10,000 tons of carbon removals. CE has also partnered with BeZero (a British climate asset and liability management company) for a joint retail offering that allows customers to purchase carbon removals through BeZero’s website. In November 2021, CE also signed up BMO Financial Group, a Canadian financial service provider, as a new customer and plans to deliver 1,000 tons of carbon removal units.CE estimates the net cost of its DAC technology to be around USD 94–232 per ton. The net cost of capture from its proposed one-megaton commercial plant is expected to be “little less than USD 200 per ton”. The company has also reported that its net cost of capture needs to fall below USD 150 per ton for the technology to make commercial sense.In October 2021, CE also partnered with Huron Clean Energy (Canada), The Upper Nicola Band (Canada), and Oxy Low Carbon Ventures to develop a large-scale facility in British Columbia to convert captured CO2 and water into sustainable fuel. The facility is expected to begin construction in 2023, and operations are targeted to commence in 2026. In November 2021, the company partnered with Air Canada to explore sustainable aviation fuel (SAF) opportunities.In<a href="https://sp-edge.com/updates/21044"> August 2023</a>, Occidental Petroleum announced a definitive purchase agreement to acquire Carbon Engineering for USD 1.1 billion in cash. The deal was closed in <a href="https://www.blg.com/en/about-us/deals-and-suits/2023/11/occidental-petroleum-completes-us1-1-billion-acquisition-of-carbon-engineering-ltd#:~:text=On%20November%203%2C%202023%2C%20Occidental,equity%20of%20Carbon%20Engineering%20Ltd.">November 2023</a>.

Augmenting the mining value chain with technology and automation

Mining Tech

KoBold Metals is a California-based artificial intelligence-powered mineral exploration company founded in 2018. The company utilizes AI, machine learning, and cloud computing techniques to assess the composition of the subsurface and identify potential mineral deposits, particularly focusing on critical materials needed for electric vehicle batteries and clean energy technologies. KoBold's primary focus is on discovering and developing deposits of metals such as copper, cobalt, lithium, and nickel.
At the core of KoBold's technology is TerraShed, a data platform that aggregates and structures large scientific data collections, making them quickly available for analysis. The company employs various proprietary modules and machine learning models to guide decisions throughout the exploration process. KoBold's approach combines AI systems with geoscience expertise to determine what information will best reduce uncertainty in finding minable ore deposits.
In July 2024, KoBold announced a significant copper discovery in Zambia, estimated to be the largest in over a decade. The company's Mingomba project is expected to produce at least 300,000 tons of copper annually once fully operational, with an estimated value of billions of dollars per year for decades. The deposit boasts copper ore grades of more than 5%, significantly higher than the industry average of around 0.6%.
KoBold's exploration methods have shown promising results. During a 2022 field season in northern Quebec, the company's AI-guided approach led to hitting nickel-sulfide mineralization in eight out of 10 drill holes, a success rate approximately 10 times better than the industry average for similarly isolated drill holes. The company currently has more than 60 exploration-stage projects across several countries.

ZwitterCo provides membrane solutions for the treatment of highly-impaired wastewater. The company's membranes make it possible to treat historically unfilterable streams. It allows customers to manage and recover value from water, transforming waste from a cost to a benefit. ZwitterCo provides water treatment and separation solutions that cut chemical demands, maintain steady performance, and last.

SiTration improves ultra-durable filtration membranes intended for efficient separations in the harshest environments. Brendan Smith established the company in Cambridge, Massachusetts in 2020.

Filo Corp focuses on the development of the Filo del Sol project, which contains a significant copper-gold-silver deposit. The company aims to expand its mineral resources through ongoing exploration efforts. Its pre-feasibility study highlights the project's robust economic potential and extensive mineralization.

KoBold Metals invests in battery materials projects across the globe by combining basic ore-deposit science, big data, and scientific computing with patient private capital. The company's software uses datasets with conventional geochemical, geophysical, and geological data in statistical association models to identify prospects to ensure a cobalt supply for the electric vehicle revolution, enabling mineral exploration companies to find new sources of cobalt through machine learning and data analysis.

Midland is a dynamic and aggressive mining exploration company that focuses on the discovery of gold mines, EGP, base metals and rare land in the province of Quebec. The company is listed on the TSX Venture Exchange since March 2007. The Company is led by a management team and consultants experienced and highly respected skills in the mining sector and also associated with several important mineral discoveries.   Midland is looking for partnership opportunities in mining exploration. Recently the company has entered into significant agreements optionnant Patris Gold Property to Teck Resources Limited and its Casault gold projects in Jouvex and SOQUEM INC. Two other gold projects, Maritime-Cadillac and Laflamme, are currently in joint venture (JV) with Agnico Eagle and Maudore Minerals Ltd. respectively. Midland also the Ytterby project, a rare earth project located near the deposit Strange Lake in northern Quebec in joint venture (JV) with Japan Oil, Gas and Metals National Corporation (JOGMEC) and with whom an agreement of option for the project EGP Pallas was recently concluded. Recently, Midland acquired a new gold project Willbob high levels located in the Labrador Trough.

Carbon Engineering is a clean energy company that commercializes the Direct Air Capture technology to capture CO2 directly from the atmosphere and convert it into clean, affordable transportation fuels. Carbon Engineering focuses on the global deployment of Direct Air Capture technology so it can have the greatest impact on the huge climate challenge.

BHP Billiton is an Anglo-Australian multinational mining and petroleum company headquartered in Melbourne and based in Australia. It is the world's largest mining company measured by 2011 revenues. As of February 2011, BHP Billiton was also the world's third-largest company measured by market capitalization.  BHP Billiton was created in 2001 through the merger of the Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo–Dutch Billiton plc. The result is a dual-listed company. The Australia-registered BHP Billiton Limited, which has equal financial share in the company, has a primary listing on the Australian Securities Exchange and is the largest company in Australia measured by market capitalisation. The UK-registered BHP Billiton Plc has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £67.6 billion as of 23 September 2013, the ninth-largest of any company listed on the London Stock Exchange.

<div> BHP Group Limited (ASX: BHP) is the world's largest mining company by market capitalization. Founded in 1885 in Broken Hill, Australia, BHP has grown into a global resources company headquartered in Melbourne, with operations across Australia, North and South America. In the fiscal year 2023, BHP reported annual revenue of USD 53.8 billion. BHP's primary products include: <ul> <li> Iron ore: Extracted from Western Australia's Pilbara region for steel production </li> </ul> <ul> <li> Copper: Mined in South Australia, Chile and Peru for use in renewable energy and electric vehicles </li> </ul> <ul> <li> Metallurgical coal: Produced for steelmaking </li> </ul> <ul> <li> Nickel: Mined in Western Australia for use in batteries and stainless steel </li> </ul> <ul> <li> Potash: Under development in Canada for sustainable farming </li> </ul> BHP is pursuing a strategy focused on future-facing commodities needed for decarbonization. In 2023, the company acquired copper producer OZ Minerals for USD 6.4 billion to expand its copper portfolio. BHP is also developing digital technologies to improve mining efficiency, partnering with Microsoft to optimize copper recovery at its Escondida mine in Chile. The company aims to reduce operational greenhouse gas emissions by 30% by 2030 and achieve net zero emissions by 2050. In 2022, BHP unified its corporate structure under its Australian listing, ending its dual-listed status on the London Stock Exchange. </div>

BHP plans to boost Chile copper production amid labor unrest

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<div>
 UK company Carbon Clean, Australian mining firm BHP, and Indian steel producer JSW Steel have signed an agreement to examine the potential application of carbon capture technology in Indian steelmaking. 
 They will look at the possibility of using Carbon Clean's CycloneCC modular technology to capture up to 100,000 tons of CO2 emissions every year at JSW Steel's Vijayanagar plant. 
 The collective studies are predicted to be concluded by 2026, after which they will mull over the deployment of the CycloneCC technology. If effective, JSW Steel envisages liquefying and selling the captured CO2 locally, which could decrease the CO2 emission intensity of its steel production.
 
</div> Analyst QuickTake : 
 <a href="https: 
//sp-edge.com/updates/34617"> Earlier this month </a> , Carbon Clean partnered with BCCK, a gas processing technology company, to provide carbon capture technology in the US. In <a href="https: 
//sp-edge.com/updates/33026"> August 2024 </a> , the company partnered with Petronas, a Malaysian oil and gas company, to explore carbon capture solutions. Carbon Clean is also progressing with its CarbonX technology, which will be deployed at Ørsted’s FlagshipONE e-methanol plant, Europe’s largest project in this industry.

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