Free Trial

EMISSIONS: Lithuania Launches CCS Platform to Cut Industry Emissions

EMISSIONS

Lithuania has had its first meeting on its new carbon capture, transportation, and utilisation platform, which aims to accelerate the development of CO2 technologies, the Ministry of Energy said.

  • Additionally, the platform intends to create a supportive regulatory framework, attract investment, and foster international cooperation regarding CCS and synthetic fuels.
  • Lithuania’s industrial sector emits around 4 mn/t CO2 annually, a significant portion of which can be captured and repurposed, according to the ministry.
  • The platform will also serve as a hub for industry, government, and academia to collaborate on carbon capture solutions.
  • The move will help Lithuania reduce emissions, enhance industrial sustainability, and advance climate goals, the ministry added.
105 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Lithuania has had its first meeting on its new carbon capture, transportation, and utilisation platform, which aims to accelerate the development of CO2 technologies, the Ministry of Energy said.

  • Additionally, the platform intends to create a supportive regulatory framework, attract investment, and foster international cooperation regarding CCS and synthetic fuels.
  • Lithuania’s industrial sector emits around 4 mn/t CO2 annually, a significant portion of which can be captured and repurposed, according to the ministry.
  • The platform will also serve as a hub for industry, government, and academia to collaborate on carbon capture solutions.
  • The move will help Lithuania reduce emissions, enhance industrial sustainability, and advance climate goals, the ministry added.