BICOWG | December 28, 2021
The Blockchain Infrastructure Carbon Offset Working Group applauds the Dec. 15 announcement of a Legal Due Diligence Questionnaire for Related Instruments by The Verified Carbon Standard a universally accepted standard for certifying carbon emissions reductions.
"As pioneers in the crypto carbon space, it's encouraging to see this announcement from Verra — it is truly a dream come true. I imagine we're not far off from Verra adopting blockchain tech in a meaningful capacity,"
said Joshua Bjiak, CTO at Creol
The move by Verra opens the door to tokenizing officially sanctioned units and heralds a new day for close collaboration between the traditional carbon market space and the decentralized climate finance community. BICOWG and its member organizations look forward to supporting this collaboration and furthering the critical work to combine "the best of the carbon market" and the "best of crypto" to achieve effective climate action at a massive scale.
Joseph Pallant, founder of Blockchain for Climate Foundation, stated, "We've seen the carbon market develop excellent carbon offset standards, protocols, and projects over more than 20 years. The opportunity to ever more securely and transparently bridge these off-chain environmental assets onto the blockchain creates a win-win, enabling crypto projects to incorporate real carbon offsets, thereby funding proven, verified climate action on the ground, around the world."
There's been significant growth in new projects working proactively to beat climate change through generation, purchase, and retirement of carbon credits, including Klima DAO, Regen Network, Toucan Protocol, Blockchain for Climate, and others. Moves by traditional carbon market leaders like Verra to extend their diligence and expertise into the blockchain space will enable further growth of on-chain carbon market.
This year's exponential growth of innovative blockchain and climate projects was made possible by the committed efforts of early pioneers. Looking ahead to 2022, BICOWG is buoyed to see the growing pathways for collaboration between these two spaces, and the impetus to weave in additional initiatives together in the spirit of halting the destruction brought in by climate change.
Gregory Landua, CEO of Regen Network Development, stated, "By embracing emerging standards like IBC Verra and other pillars can lead the way towards scaling, transparency, and governance needed to reverse atmospheric carbon accumulation. The agile DAOs and Web3 teams building open source tools and the existing institutions are natural allies in the emerging regenerative finance movement."
About BICOWG: Blockchain Infrastructure Carbon Offset Working Group is a coalition of blockchain protocols, projects, and nonprofits working together to explore carbon measurement methodology and incentivize carbon markets. Core working group members include Regen Network, Klima DAO, Toucan, SZNS, FungyProof, F2Pool/Stakefish, Blockchain for Climate, and Gitcoin.
Plastic Energy and TotalEnergies | January 11, 2022
Plastic Energy and TotalEnergies have announced a new agreement to promote the development of advanced plastic recycling. Under this agreement, Plastic Energy plans to build a second advanced recycling plant in Sevilla, Spain, in addition to their existing operational plant, which will transform end-of-life plastic waste into a recycled feedstock called TACOIL using Plastic Energy’s patented recycling technology. TotalEnergies will convert this raw material into virgin-quality polymers, which can be used for food-grade packaging.
The plant will process and convert 33,000 tons of post-consumer end-of-life plastic waste yearly, that would otherwise be destined for landfill or incineration. The plant is expected to become operational in early 2025, with TACOIL to be used for the manufacturing of high-quality polymers in TotalEnergies’ European-based production units, following a successful processing experimentation in TotalEnergies’ petrochemical platform in Antwerp. With identical properties to virgin ones, the recycled polymers will be suitable for use in food-grade applications, such as flexible and rigid food packaging containers.
Plastic Energy and TotalEnergies are both firmly committed to develop plastics recycling to address the issue of plastic waste, and to build a circular economy in Europe and globally. In line with this commitment, TotalEnergies and Plastic Energy have announced in September 2020 a joint venture to build a plastic waste conversion facility with a capacity of 15,000 tonnes per year at the TotalEnergies Grandpuits zero-crude platform in France. The project is expected to be operational in 2023.
Additionally, Plastic Energy, Freepoint Eco-Systems and TotalEnergies announced a strategic partnership in October 2021 for a similar recycling plant in Texas, U.S.A. This plant, which is a joint venture between Plastic Energy and Freepoint Eco-systems, will have the capacity to recycle 33,000 tonnes of plastic waste per year, and is expected to be operational by mid-2024. Under the agreement, TACOIL will be converted by TotalEnergies in its Texas-based production units.
“I am pleased to announce another new Plastic Energy plant in Spain, and a new collaboration agreement with our partner, TotalEnergies. This new large-scale recycling plant will be an impactful addition to our existing portfolio of operational plants in Spain and will allow for an increase in the amount of end-of-life plastics that we can recycle in Europe.”
Carlos Monreal, founder and CEO of Plastic Energy
“This new project with Plastic Energy in Spain follows two collaboration projects already announced in France and the U.S. Those projects contribute to addressing the challenge of the circular economy and to our ambition of producing 30% recycled and renewable polymers by 2030,” said Valérie Goff, Senior Vice President, Polymers at TotalEnergies.
About Plastic Energy Ltd.
Plastic Energy is a global leader in chemical recycling, offering a sustainable solution to help prevent plastic waste, transforming previously unrecyclable plastic waste into a valuable resource. Our patented and proven chemical recycling technology converts end-of-life plastic waste into an optimal feedstock (TACOIL) for making virgin-quality recycled plastics. Plastic Energy currently has two chemical recycling plants that are in constant operation in Spain and is one of the few companies worldwide that has sold TACOIL from the conversion of end-of-life plastic waste to replace fossil oils in the manufacturing of new plastics. We are leading our field in the transition to a low-carbon circular economy for plastics.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
DarkPulse, Inc | March 09, 2022
DarkPulse, Inc. a technology company focused on laser sensing systems based on its patented BOTDA dark-pulse sensor technology which provides a data stream of critical metrics for assessing the health and security of infrastructure, today announced it has signed a Joint Venture Agreement with Cairo based Egyptian Electrical & Mechanical Works Co. The agreement in sum and substance describes the creation of a jointly owned Egyptian corporation with revenue split between the two partner organizations as well as an exclusive right for DarkPulse’s BOTDA systems to be utilized in projects throughout Egypt. The agreement also brings additional capabilities to DarkPulse including infrastructure project management, engineering and installation capabilities for Middle East and North Africa.
EEMW Founder & CEO, Dr. Ehab Eldemeri, one of the leading researchers and developers of fiber optic solutions in Egypt, North Africa, and the Middle East, understands the opportunities to create and deliver a new generation of fiber optic based solutions that can help improve the lives of Egyptians and people around the world. Together, both companies believe a new generation of fiber sensors will change the design, concept and implementation methods of future cities. Mr. O’Leary and Dr. Eldemeri believe this joint venture will be the first step towards opening the gates to Africa & the Middle East, since Egypt is the leading technology focused country in the region.
DarkPulse & EEMW plan to deliver solutions in real estate development, infrastructure, utility management, and building information management systems coupled with new innovations based on distributed sensing fiber systems. Plans include building a research and development unit to help understand future demands and market trends of the region.
“The Middle East is leading the world in the creation of smart cities. Egypt is particularly of interest with their New Cairo smart city project and an additional 16 smart cities slated to be built. These major projects rival cities such as Dubai and the planned NEOM project. Our core business is the monitoring and detection of structural anomalies in Critical Infrastructure /Key Resources. The agreement with EEMW brings DarkPulse more than 23 years of experience in engineering and building infrastructure projects while allowing DarkPulse and EEMW to perform sales and installations of our dark-pulse BOTDA systems into the Middle East and North Africa market accelerating the Company’s global market presence.”
Dennis O’Leary, Chairman and CEO of DarkPulse
“Selecting Egypt is the right decision for our companies as the future expansion in the region includes hi-technology fiber optics deployments with some of the largest multinational companies in the world currently operating there. The DarkPulse vision extends and covers overseas countries to excel as a global company providing technology focused offerings including manufacturing, sales, installation, operation, and maintenance,” said Dr. Eldemeri. “From this goal perspective, Mr. O’Leary and I, after working on a study to select the best added value regions, which includes stable, growing and high potential to build and renovate infrastructure, will help achieve a vision focused on digitalization and artificial intelligence concepts, and build data centers to support fast-growth in multiple sectors .”
The Company continues to explore additional potential opportunities in strategic locations worldwide with the goal of accelerating the adoption of its DarkPulse Technology Products and expand its global market position.
About DarkPulse, Inc.
DarkPulse, Inc. uses advanced laser-based monitoring systems to provide rapid and accurate monitoring of temperatures, strains and stresses. The Company’s technology excels when applied to live, dynamic critical infrastructure and structural monitoring, including pipeline monitoring, perimeter and structural surveillance, aircraft structural components and mining safety. The Company's fiber-based monitoring systems can assist markets that are not currently served, and its unique technology covers extended areas and any event that is translated into the detection of a change in strain or temperature. In addition to the Company’s ongoing efforts with respect to the marketing and sales of its technology products and services to its customers, the Company also continues to explore potential strategic alliances through joint venture and licensing opportunities to further expand its global market position.
About Egyptian Electrical & Mechanical Works Co
EEMW Co. provides project management, engineering and construction supervision on refinery, liquefied natural gas, petroleum & chemical pipeline – submarine and above ground, energy and civil infrastructure projects such as ports, industrial cities and plants. It Provides Operations and maintenance activities for its client like Etisalat, British Petroleum, Bechtel, Siemens, Enal Power. The company also specializes in control system technology for Oil & Gas Industry and is pioneer in some major technologies and solutions.
EnLink Midstream, LLC | February 16, 2022
EnLink Midstream, LLC and Talos Energy Inc. announced that they have executed a memorandum of understanding to jointly develop a complete carbon capture, transportation, and sequestration (CCS) solution for industrial-scale emitters in Louisiana. The joint service offering will be focused on the Mississippi River corridor from New Orleans to Baton Rouge, which is one of the largest concentrated sources of carbon dioxide (CO2) emissions in the United States, and will utilize significant portions of EnLink's existing regional pipeline infrastructure of approximately 4,000 miles in Louisiana and Talos's recently acquired River Bend CCS site in east Louisiana, which includes approximately 26,000 acres of pore space and provides sequestration capacity of over 500 million metric tonnes in the area. EnLink and Talos have begun to market the offering to potential customers.
"We are proud to offer with Talos a complete CO2 capture, transportation, and sequestration solution for customers in eastern Louisiana. We plan to utilize our existing pipeline infrastructure and expertise in building midstream infrastructure to provide cost-efficient transportation, while reducing the environmental impact compared to new pipeline construction. We believe we are uniquely positioned in this regard, given the vast extent of our pipeline infrastructure in the region. Talos not only brings sequestration sites in close proximity to our pipelines, but also the downhole expertise to develop them. I continue to be inspired by the speed and execution from our carbon solutions teams, as we execute on our vision to become the future of midstream and creating sustainable value for EnLink and our unitholders."
EnLink Chairman and CEO Barry Davis
"We are very happy to join forces with EnLink in the Mississippi River corridor from New Orleans to Baton Rouge to leverage their infrastructure and operational reliability as a midstream solution, initially focused on the River Bend CCS project in east Louisiana," said Talos President and CEO Timothy S. Duncan. "EnLink owns the last-mile pipe to most industrial emission sources in the region and will complement Talos' expertise in conventional geology, subsurface characterization, and track record of responsible operations. We are excited to collaborate to provide a one-stop solution that will lead to a simpler pricing model and, ultimately, accelerated decarbonization in a key industrial emissions region."
Utilizing EnLink's Existing Pipeline Infrastructure
EnLink and its predecessors have a long history of pipeline and processing operations in Louisiana. EnLink has identified existing pipelines to be utilized for CO2 transportation from emissions sources in the Geismar, Donaldsonville, Plaquemine, and St. Charles areas. This existing pipeline infrastructure provides a cost-efficient solution and greatly reduces the environmental impacts compared to new pipeline construction in environmentally sensitive areas. Due to optionality and redundancy in EnLink's large pipeline network in the region, EnLink does not anticipate a material impact to its existing natural gas business from the repurposing of identified pipelines to CO2 service.
Talos Subsurface Expertise and Sequestration Sites
Talos has recently entered into an agreement with a large landowner that will allow for multiple sequestration sites near EnLink's existing pipelines. This agreement includes sequestration rights to approximately 26,000 surface acres in Iberville, St. James, Assumption, and Lafourche Parishes. The acreage comprises three strategically located sites along the Mississippi River industrial corridor known collectively as the "River Bend CCS" project. Talos and EnLink believe the area provides excellent structural geology and rock properties for CO2 sequestration, providing cumulative capacity of over 500 million metric tonnes. Talos has also secured a right of first refusal on approximately 63,000 additional acres in the area for phased, future expansion in order to meet expected future market demand. In addition to this significant sequestration acreage position, Talos will provide its subsurface operating expertise and extensive knowledge of Gulf Coast geology. Talos will be the project manager and operator of the injection, storage, and monitoring and will be joined by its partner, Storegga Limited.
Eastern Louisiana Offers High Concentration of Emissions Sources
The joint service offering is focused on one of the highest CO2 emitting regions in the United States, which emits approximately 80 million metric tonnes of CO2 per year. The Mississippi River corridor alone accounts for nearly two-thirds of the total industrial emissions in Louisiana. The emitting sources include ammonia, hydrogen, methanol, and base chemical facilities, as well as refinery and other petrochemical facilities. Potential customers are motivated to participate in carbon capture and sequestration to reduce emissions and to potentially offer "blue" products and participate in a low-carbon economy.
About EnLink Midstream
EnLink Midstream reliably operates a differentiated midstream platform that is built for long-term, sustainable value creation. EnLink's best-in-class services span the midstream value chain, providing natural gas, crude oil, condensate, and NGL capabilities. Our purposely built, integrated asset platforms are in premier production basins and core demand centers, including the Permian Basin, Oklahoma, North Texas, and the Gulf Coast. EnLink's strong financial foundation and commitment to execution excellence drive competitive returns and value for our employees, customers, and investors. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC (NYSE: ENLC).
About Talos Energy
Talos Energy is a technically driven independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexico's largest public independent producers, we leverage decades of technical and offshore operational expertise towards the acquisition, exploration and development of assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, we are also utilizing our expertise to explore opportunities to reduce industrial emissions through our carbon capture and storage initiatives along the U.S. Gulf Coast and Gulf of Mexico.