The report, titled “Opportunities for Shipping to Enable Cross-border CCUS Initiatives”, found that shipping CO2 will be especially important in Asia Pacific (APAC) due to the vast oceans and seas that separate emitters and sequestration sites, when compared to Europe. To address this, several APAC governments, including Australia, Indonesia, Japan, Malaysia, Singapore and South Korea, are pursuing cross-border partnerships and initiatives to support cross-border CO2 transportation and sequestration. The study estimated that approximately 100 million tons per annum (MtPA) of CO2 captured using carbon capture technologies is expected to be transported across national borders in APAC by 2050. Transporting this annual tonnage would require between 85 to 150 liquefied CO2 carriers of 50 kt capacity where the total investments needed for these vessels by 2050 could reach up to USD 25 billion. Creating a market of this scale will necessitate concerted efforts from both the public and the private sector, including economic incentives, long-term contracts for midstream players, and greater clarity on key standards. Shipping CO2 is more economical over long distances compared to pipeline transport Engaging approximately 60 individuals from 17 industry stakeholder organisations in group workshops and interviews, the study explored scenarios where shipping could play a role in CO2 transport. The study found that shipping becomes economically advantageous compared with pipeline transport of the same amount of CO2 at longer distances. A threshold distance of 500 km was identified to be economically viable for transporting 5 MtPA CO2 transport via shipping. The emerging cross-border CCUS hubs and routes that are aligned with this criteria for CO2 shipping include the Northern Lights project, which spans 500 to 1,000 km; intra-Southeast Asia routes ranging from 450 to 970 km; and the longest routes, Northeast Asia to Australia, which extends from 6,000 to 11,000 km. Several financial and regulatory gaps also need to be addressed before cross-border CCUS materialises. The investment required to scale up cross-border CCUS, including shipbuilding, port and terminal infrastructure development, is substantial. The end-to-end levelised cost of cross-border CCUS with shipping ranges from USD 141-174 per ton of CO2 for Southeast Asia routes to USD 167-287 per ton of CO2 for Northeast Asia-Australia routes. Capture and shipping costs constitute 60-80% of the estimated total expenses. A significant gap exists between levelised cross-border CCUS costs and domestic carbon pricing in APAC. Current carbon taxes and emissions trading system prices range from USD 2 to 18 per ton of CO2, representing approximately a ten-fold gap with the range of levelised CCUS costs in this region. Without additional financial support, the economics of cross-border CCUS could impede its development. Nascent regulations could also hinder the development of cross-border CCUS in the region. Countries need to establish domestic regulations governing carbon accounting and verification methodologies for CCUS, as well as permitting procedures for cross-border CCUS projects. Additionally, bilateral and multilateral frameworks are required to clarify jurisdictional authority for cross-border projects and allocate commercial and operational liabilities for CO2 leaks during transport across the value chain. Establishing these regulations and frameworks can provide greater certainty for project developers, mitigating policy risks and supporting CCUS projects and offtake agreements. To stimulate cross-border CCUS investment, stakeholders need clear technical specifications for CO2 pressure, temperature, and purity, as these have significant cost, operational, and safety implications. While shipping CO2 under low pressure may offer economic benefits, such as increased vessel capacity and lower capital expenditure, it is operationally disadvantaged because storing CO2 at such conditions, which are closer to the triple point will increase the risk of dry ice formation. Impurities in CO2 may also have implications on infrastructure buildout. The purification process to remove impurities can be costly, presenting a trade-off for companies who must decide between the cost of purification and the risk of accommodating impurities impacting the infrastructure system. CO2 purity specifications and responsibility for purification need to be aligned within a project’s value chain from capture to sequestration, to provide clarity and interoperability among participants along the value chain. In APAC, the prevalence of sizeable emitters (defined as > 1 MtPA CO2 emitted) reduces the need to aggregate captured CO2 from different emitters. This opens the possibility of relaxing impurity thresholds compared to open-source models, which are more prevalent in Europe, that need to maintain more stringent CO2 purity specifications to accommodate the aggregation of captured CO2 from a diverse set of emitters. The study identified three components that governments and private sector players must provide to activate the shipping industry for cross-border CCUS. Direct economic support: Governments can extend economic assistance to midstream players, such as shipping and port providers, through financial incentives and new business models. These measures can reduce upfront capital expenditure and overall project costs, making cross-border CO2 shipping more viable. Long-term contracts and minimum volume guarantees: Emitters need to provide long-term contracts to shipping and terminal providers – ideally 10 years or more – and commit to transporting a minimum volume of CO2. This will give value chain participants greater certainty for planning and obtaining necessary financing for investments in vessels and terminal capacity. Clarity on standards and specifications for shipping: Shipping providers need clear regulations and guidelines on the standards governing tolerance limits for impurities in CO2 cargo, operating pressures, and temperatures along the value chain. Early alignment on specifications will enable midstream players to develop interoperable infrastructure. The success of CCUS hinges on the simultaneous development of all parts of its value chain, including midstream activities like shipping and intermediate storage. By collaborating and addressing the challenges identified in this study, both public and private stakeholders can successfully develop the full CCUS value chain, unlocking the decarbonisation opportunities offered by this solution. Professor Lynn Loo, CEO, GCMD said: “Our study shows that APAC has the potential to lead in CO2 shipping. In APAC, emitters and sinks are often separated by large bodies of water over vast distances, unlike Northern Europe where CCUS facilities are more geographically concentrated. This makes shipping a more attractive mode of CO2 transport in APAC, underscoring the importance of building up a shipping ecosystem. This effort entails constructing CO2 carriers, developing port-side infrastructure, establishing standards and guidelines for transporting and offloading CO2, and upskilling crew with requisite training. In this context, our earlier study that examined the challenges and opportunities for offloading CO2 provides complementary insights applicable to the downstream stage of the value chain. It’s by piecing all the different parts of the value chain that we can collectively enable cross-border CCUS activities.” Carl Clayton, Partner & Associate Director, Global Co-Lead for BCG’s CCUS Topic said: “The unique distribution of large emitters and sequestration sites across APAC offers significant opportunities for CO2 shipping and cross-border CCUS. Northeast Asian emitting countries have a chance to drive technological innovation and strengthen their leadership in commodity shipping, while Southeast Asia and Australia can utilise their vast depleted oil and gas and other storage assets, to foster green economy growth and international collaboration. Government support will be essential in the short term to ensure economic viability and to address cross value chain risks. Additionally, the industry must align on technical specifications, including CO2 pressure, temperature, and purity specifications, to enable seamless operations and infrastructure interoperability.” To access the full study findings, please download the report . Source: Global Centre for Maritime Decarbonisation (GCMD)
NoneJERUSALEM: Prime Minister Benjamin Netanyahu condemned on Sunday Jewish settlers who attacked senior Israeli military officers including Maj. Gen. Avi Bluth, the head of the army’s Central Command in the occupied West Bank. The Israeli army said that a group of settlers trailed Bluth and other officers in the West Bank city of Hebron on Friday, blocked their exit and hurled abuse at them. It added that five rioters had been arrested. “All violence directed against Israeli military officers and soldiers must be dealt with to the fullest extent of the law,” the prime minister’s office said in a statement. Some of the crowd yelled “traitor” at Bluth, who had visited Hebron to attend an annual religious event in the city. On Saturday, dozens of settlers, some of them masked, hurled stones at Israeli troops and border police near the West Bank settlement of Itamar, police said. There has been a general surge in violence across the West Bank since the Oct. 7, 2023 attack by Hamas militants on southern Israel. Palestinians have been repeatedly targeted by settlers, who want Israel to annex the West Bank. The Israeli military is meant to protect the local Palestinians, but Bluth acknowledged in August that the army had failed to safeguard civilians when settlers went on the rampage in one town. Palestinians say they are often left to the mercy of the settlers, with soldiers doing little or nothing to rein them in. Some settler youth groups reject the jurisdiction of the Israeli military in areas that they see as under their control and have attacked Israeli forces. Settler leaders have said violence has no place in their movement and have called for offenders to be prosecuted. Most countries deem Jewish settlements built on land Israel captured in a 1967 war to be illegal. Israel disputes this and cites historical and biblical ties to the land. Palestinians want the West Bank as part of a future independent state. Separately, analysts and officials have said Israeli Prime Minister Benjamin Netanyahu is facing legal perils at home and abroad that point to a turbulent future for the Israeli leader and could influence the wars in Gaza and Lebanon. The International Criminal Court stunned Israel on Thursday by issuing arrest warrants for Netanyahu and his former defense chief Yoav Gallant for alleged war crimes and crimes against humanity in the 13-month-old Gaza conflict. The bombshell came less than two weeks before Netanyahu is due to testify in a corruption trial that has dogged him for years and could end his political career if he is found guilty. He has denied any wrongdoing. While the domestic bribery trial has polarized public opinion, the prime minister has received widespread support from across the political spectrum following the ICC move, giving him a boost in troubled times.
Strictly Come Dancing’s astonishing 'risk' as BBC bosses branded 'mad'Tua Tagovailoa shoulders blame for Dolphins' 5-7 start and addresses criticisms of team's toughness
CITY OF INDUSTRY, Calif. (AP) — CITY OF INDUSTRY, Calif. (AP) — Torrid Holdings Inc. (CURV) on Tuesday reported a loss of $1.3 million in its fiscal third quarter. On a per-share basis, the City Of Industry, California-based company said it had a loss of 1 cent. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. The women's apparel retailer posted revenue of $263.8 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $282.8 million. For the current quarter ending in January, Torrid Holdings said it expects revenue in the range of $255 million to $270 million. The company expects full-year revenue in the range of $1.08 billion to $1.1 billion. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on CURV at https://www.zacks.com/ap/CURV
Is Enron back? If it's a joke, some former employees aren't laughing HOUSTON (AP) — Enron, the Houston-based energy company that exemplified the worst in corporate fraud and greed in America after it went bankrupt in 2001, is coming back. But the infamous company's return seems to be an elaborate joke. If its return is comedic, some former Enron employees who lost everything in the company’s collapse aren’t laughing. They're angry at a publicity stunt they say minimizes what they went through. Enron was once the nation’s seventh-largest company, but it went bankrupt amid massive accounting fraud. On Monday, a company representing itself as Enron announced it was relaunching as a “company dedicated to solving the global energy crisis.” But a paper trail of legal documents points to the comeback being parody and performance art. Sean Penn accuses Academy Awards of cowardice at Marrakech Film Festival MARRAKECH, Morocco (AP) — Sean Penn has blasted the organizers of the Oscars of being cowards who, in effect, limit the kind of films that can be funded and made. The 64-year-old actor said Tuesday he gets excited about the Academy Awards only on the rare occasion that films he values are nominated. Penn’s remarks dovetail with longstanding criticisms of The Academy of Motion Picture Arts and Sciences for lacking diversity. The institution has in recent years tried to adopt more proactive steps to reform and rebrand itself, but has faced criticism for not going far enough. Penn's comments came at the Marrakech Film Festival. Kendrick Lamar and SZA announce 2025 North American stadium tour NEW YORK (AP) — “Not Like Us,” it’s like them. Kendrick Lamar and SZA will hit the road together in 2025. Lamar and SZA announced Tuesday the Grand National Tour, which will hit 19 stadiums across North America next spring and summer. The tour kicks off on April 19 in Minneapolis before going to Texas, Georgia, North Carolina, Pennsylvania, New Jersey, Massachusetts, Washington state, California, Arizona, Nevada, Illinois, Michigan and Washington, D.C. Tickets go on sale Friday. A pre-sale for Cash App Visa Card holders will launch Wednesday. The news arrives less than two weeks after Lamar released his latest album, “GNX,” which features SZA on two tracks. Authorities fear a Pennsylvania woman was swallowed by a sinkhole while looking for her cat Authorities fear a grandmother who disappeared while looking for her cat may have been swallowed up by a sinkhole that recently opened up in a western Pennsylvania village. Crews lowered a pole camera with a sensitive listening device into the hole in Marguerite on Tuesday morning but detected nothing. A second camera lowered into the hole showed what could be a shoe. Police say the family of 64-year-old Elizabeth Pollard called police at about 1 a.m. to say she hadn't been seen since going out Monday evening to search for Pepper, her cat. They found her 5-year-old granddaughter in her parked car near the manhole-sized opening. It’s not clear what happened to Pepper. Texans' Azeez Al-Shaair suspended 3 games without pay after violent hit on Trevor Lawrence HOUSTON (AP) — Houston’s Azeez Al-Shaair was suspended by the NFL without pay for three games for repeated violations of player safety rules following his hit to the head of Jacksonville’s Trevor Lawrence, which led to a concussion. Al-Shaair’s punishment was announced by NFL vice president of football operations Jon Runyan. In his letter to Al-Shaair, he noted that he has had multiple offenses for personal fouls and sportsmanship-related rules violations in recent seasons. Runyan says “video shows you striking the head/neck area of Jaguars’ quarterback Trevor Lawrence after he clearly goes down in a feet-first slide.” Last 2 defendants in Atlanta's Young Thug trial are acquitted of murder and gang charges ATLANTA (AP) — The long-running gang and racketeering trial in Atlanta that led rapper Young Thug to plead guilty in October has ended with a jury finding the last two defendants not guilty of racketeering, murder and gang-related charges. Deamonte Kendrick, who raps as Yak Gotti, was acquitted of all charges and Shannon Stillwell was found guilty only of a gun possession charge. Jury selection in the trial began nearly two years ago after prosecutors indicted 28 defendants. They said YSL was a criminal gang co-founded by Grammy-winning Young Thug. The Atlanta-born rapper’s given name is Jeffery Williams. He was released on probation after pleading guilty to gang, drug and gun charges. Great Lakes region braces for more snow while cleaning up after lake-effect storms Cleanup work is continuing around parts of the Great Lakes region socked by lake-effect snowstorms that dropped several feet of snow over the weekend. Forecasters are warning that another storm system could add a few more inches and maybe even more later this week. Many school districts in western Pennsylvania remained closed Tuesday as the storms were finally slowing after several days of lake-effect snow that also fell on parts of western New York, Ohio and Michigan. Snow totals since Thanksgiving in some places are nearing six feet. New women's baseball league names 97-year-old AAGPBL alum honorary chair on advisory board Former baseball pitcher Maybelle Blair will be an honorary chair on the advisory board of the Women’s Professional Baseball League, which last month announced plans to launch in 2026 as a six-team circuit for female players. The 97-year-old Blair helped inspire the baseball film “A League of Their Own” with her play in the All-American Girls Professional Baseball League. She will chair a board of women who have worked in sports and business. The list includes a leader from the upstart Professional Women’s Hockey League, a longtime ESPN executive, and baseball pitcher and six-time World Cup winner Ayami Sato. Search suspended for man believed to have gone overboard from cruise ship off California's coast SAN FRANCISCO (AP) — The U.S. Coast Guard says it has suspended the search for a man believed to have gone overboard from a cruise ship as it was returning to San Francisco after a voyage to Ensenada, Mexico. The Ruby Princess arrived in San Francisco at 6:50 a.m. Monday following the five-day trip. Officials searched the ship several times for the missing passenger. They also scoured CCTV videos, but there was no sign of the man. Princess Cruises says the 72-year-old American citizen was traveling alone. The Coast Guard began aerial searches that were suspended around 5:30 p.m. Chicago house party shooting kills 3 men and wounds five other people, police say CHICAGO (AP) — Chicago police say eight people were shot at a house party, three of them fatally. Others fled as gunfire erupted. Police Chief of Patrol Jon Hein says officers responded Monday afternoon to the “social gathering” at a home in the city's southwest Chicago Lawn neighborhood. He says four men and four women between the ages of 20 and 35 were shot. Police say a 26-year-old man and two other men were pronounced dead. A 27-year-old woman was in critical condition, a 24-year-old woman was in serious condition and three other shooting victims were in good condition.Fox Sports analyst Terry Bradshaw isn’t everyone’s cup of tea. But love him or hate him, few would argue he’s highly entertaining on-camera during “Fox NFL Sunday” broadcasts. The former Pittsburgh Steelers quarterback has had many cringeworthy moments this season, most notably he mistakenly thought colleague Rob Gronkowski was a temporary fill-in for fellow analyst Jimmy Johnson while he took some time off. Gronkowski is a full-time member of the “Fox NFL Sunday” crew and has been all season, and he reminded Bradshaw of such, prompting him to own up to his blunder. “Okay, I made a mistake,” Bradshaw said. “All right, I apologize Gronk, you know I love you.” Bradshaw has a mostly error-free pregame show, but once the early games hit halftime and Bradshaw was tasked with reading through the highlights and scores, that’s when things took a turn and Bradshaw’s countless gaffes became painfully apparent. The 76-year-old’s struggles prompted several fans on social media to call for him to consider calling it a career, much college football fans have been petitioning Lee Corso to step away from “College GameDay” on Saturdays. Kirby Lee-Imagn Images “Time for Terry Bradshaw to hang up his microphone, too many flubs. @FOXSports,” one fan wrote . “@NFLonCBS Please have mercy and remove Terry Bradshaw from the telecast, he tried reading the highlights off a sheet of paper and was confused stumbling over all his words. This is approaching Lee Corso territory on ESPN Gameday were he should be removed from television,” another proclaimed . “@NFLonFOX please get rid of Terry Bradshaw. He is the worst I have switched to watching CBS because of him,” a third fan chimed in . “@jessbensontv Fox NFL studio show needs you to do halftime highlights. Terry Bradshaw needs to hang em up,” one user remarked . “I feel like I asked this 7-8 years ago.... Terry Bradshaw INSISTS on doing all the halftime highlights, correct? Like, he walks if he doesn't get to do them? Nobody at FOX thinks this is the best thing to do, correct?” another commented . “Terry Bradshaw really needs to stop with these highlights - he’s made like 9 mistakes in 20 seconds,” declared another user . Related: Terry Bradshaw’s Daughter Has Savage 1-Word Message for Kamala Harris Related: Terry Bradshaw Proposes Dallas Cowboys Trade Idea That’ll Ruffle Some FeathersStock market today: Wall Street slips to a rare back-to-back loss
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