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Houston-Based HYCO1 Signs MoU with Malaysia LNG for CCU Project

Houston, Texas-based HYCO1, Inc. said it has signed a memorandum of understanding (MoU) with Malaysia LNG Sdn. Bhd. (MLNG) to collaborate on a project for the potential utilization and conversion of 1 million tons per annum (mtpa) of carbon dioxide (CO2). The carbon capture and utilization (CCU) project will be located in Bintulu in Sarawak, […]

Houston, Texas-based HYCO1, Inc. said it has signed a memorandum of understanding (MoU) with Malaysia LNG Sdn. Bhd. (MLNG) to collaborate on a project for the potential utilization and conversion of 1 million tons per annum (mtpa) of carbon dioxide (CO2).

The carbon capture and utilization (CCU) project will be located in Bintulu in Sarawak, Malaysia, the location of PETRONAS subsidiary Malaysia LNG, which is the CO2 supplier for the project. Bintulu is one of the oil and gas regions of Malaysia and has been recognized as an emerging global low-carbon industrial hub, HYCO1 said in a news release.

Malaysia LNG plans to supply an initial of 1 mtpa of raw CO2 to HYCO1 for a term of 20 years, beginning no later than 2030. The CCU plant is expected to be completed by 2029, according to the release.

The two companies expect the project to become one of the largest CO2 utilization projects in history, HYCO1 said. Unlike traditional efforts focused solely on CO2 capture and high-cost sequestration, the company said the project “pioneers a new approach by fully utilizing captured CO2 emissions to profitably and competitively generate valuable products”.

Under the MoU, the two companies will conduct a joint feasibility study to evaluate design alternatives to produce low-cost, low-carbon syngas that best meets demand from a wide range of potential downstream syngas users.

The project will use HYCO1’s CUBE technology, which uses CO2 as a primary feedstock to displace higher cost natural gas to produce equivalent industrial-grade syngas in customizable ratios of hydrogen (H2) and carbon monoxide (CO), according to the release.

“This is very exciting for all stakeholders, including HYCO1, MLNG, and PETRONAS, and will benefit all Malaysians,” HYCO1 CEO Gregory Carr shared. “We approached PETRONAS and MLNG in the hopes of helping them solve their decarbonization needs, and we feel honored to collaborate with MLNG to meet their Net Zero Carbon Emissions (NZCE) by 2050. Our revolutionary process and catalyst are game changers in decarbonization because not only do we prevent CO2 from being emitted into the atmosphere, but we transform it into highly valuable and usable downstream products,” says Mr. Carr.

HYCO1 describes itself as the only CO2 utilization company in the world that “cost-effectively captures industrial CO2 emissions from the source and turns them into high-value, sustainable products at lower cost than today’s gray processes and without the need for government incentives”. The company’s reformers are designed to convert 100 percent of the CO2 feed gas into valuable syngas, it said.

HYCO1 said its CUBE technology converts and utilizes nearly 100 percent of CO2 feed in a single reactor pass, resulting in low-cost, low-CI, high-grade syngas (H2 and CO) at commercial scale. Such major energy transition milestones have never been achieved before.

In February, UBE Corporation held a groundbreaking ceremony today for a dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC) plant near New Orleans, Louisiana, which will be supplied with syngas by HYCO1. The facility will be focused on sustainable battery materials production for the rapidly growing electric vehicle (EV) market.

“This groundbreaking is more than just turning dirt—it represents a major leap forward in low-carbon syngas innovation, specifically the world’s lowest cost carbon monoxide (CO) and hydrogen (H₂) production plant, setting the stage for sustainable, efficient, and cost-effective production of EV battery electrolytes in the industry,” Carr said in an earlier statement.

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In 1849, the discovery of gold in California ignited a frenzy, drawing prospectors from around the world in pursuit of quick fortune. While few struck it rich digging and sifting dirt, a different class of entrepreneurs quietly prospered: those who supplied the miners with the tools of the trade. From picks and shovels to tents and provisions, these providers became indispensable to the gold rush, profiting handsomely regardless of who found gold. Today, a new gold rush is underway, in pursuit of artificial intelligence. And just like the days of yore, the real fortunes may lie not in the gold itself, but in the infrastructure and equipment that enable its extraction. This is where neocloud players and chipmakers are positioned, representing themselves as the fundamental enablers of the AI revolution. Neoclouds: The Essential Tools and Implements of AI Innovation The AI boom has sparked a frenzy of innovation, investment, and competition. From generative AI applications like ChatGPT to autonomous systems and personalized recommendations, AI is rapidly transforming industries. Yet, behind every groundbreaking AI model lies an unsung hero: the infrastructure powering it. Enter neocloud providers—the specialized cloud platforms delivering the GPU horsepower that fuels AI’s meteoric rise. Let’s examine how neoclouds represent the “picks and shovels” of the AI gold rush, used for extracting the essential backbone of AI innovation. Neoclouds are emerging as indispensable players in the AI ecosystem, offering tailored solutions for compute-intensive workloads such as training large language models (LLMs) and performing high-speed inference. Unlike traditional hyperscalers (e.g., AWS, Azure, Google Cloud), which cater to a broad range of use cases, neoclouds focus exclusively on optimizing infrastructure for AI and machine learning applications. This specialization allows them to deliver superior performance at a lower cost, making them the go-to choice for startups, enterprises, and research institutions alike.

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Soluna Computing: Innovating Renewable Computing for Sustainable Data Centers

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New IEA Report Contrasts Energy Bottlenecks with Opportunities for AI and Data Center Growth

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John Deere unveils more autonomous farm machines to address skill labor shortage

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OpenAI’s red teaming innovations define new essentials for security leaders in the AI era

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