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A standard drilling rig that Chevron will be drilling its first onshore test well for the 14,000-acre Bayou Bend CCUS project is photographed on Thursday, Feb. 22, 2024 in Winnie area. It is expected to have the capacity to store more than 1 billion metric tons of carbon dioxide in underground geologic structures.

Yi-Chin Lee | Houston Chronicle | Hearst Newspapers | Getty Images

A paper mill in a small Mississippi town could help demonstrate whether capturing carbon dioxide emissions and storing it deep underground is a viable path to fight climate change.

The proposed project at International Paper‘s mill in Vicksburg was chosen by the Department of Energy in February to receive up to $88 million in taxpayer funding. If successful, the system would capture and permanently store 120,000 tons of carbon dioxide annually, the equivalent of 27,000 gas-powered cars, according to the companies behind the project.

Amazon, a partner in the project, sources containerboard from the mill for its boxes and packaging. SLB, the oilfield services giant formerly known as Schlumberger, is designing and engineering the carbon capture system in collaboration with RTI International, a nonprofit that developed the technology.

The Vicksburg paper mill project is just one example of how $12 billion in funding from the 2021 bipartisan infrastructure law is supporting the development of carbon capture technology across the United States, as part of the Biden administration’s efforts to achieve net-zero emissions by 2050.

Carbon capture and storage technology today is expensive, logistically complex and faces controversy over its role in the energy transition and safety concerns in communities where pipeline infrastructure would be expanded.

The Paris-based International Energy Agency has described carbon capture and storage as “critical” to achieve global net-zero emissions, while also warning the oil and gas industry against using the technology as a way to maintain the status quo on fossil fuels. Some climate activists accuse the industry of simply investing in carbon capture as way to extend the use of oil and gas.

The technology typically uses chemical absorption to capture carbon dioxide emitted from the chimney of an industrial plant. The emissions are condensed into a fluid for transport, normally through a pipeline, and are stored thousands of feet below ground in depleted oil wells or geological formations such as saltwater reservoirs.

The challenges to implementing the technology are immense. The world needs to capture more than 1 billion metric tons of carbon dioxide annually by 2030, more than 20 times the 45 million metric tons captured in 2022, according to the IEA. By 2050, the amount of carbon that’s captured needs to reach 6 billion tons — more than 130 times the 2022 level, according to the agency.

But the track record of carbon capture and storage so far has been one of “underperformance,” with only 5% of announced projects having reached a final investment decision, according to the IEA. The industry needs to demonstrate that the technology can operate economically at scale after struggling to ramp up deployment for years, the agency says.

The Vicksburg papermill project is still in an early development stage. SLB is confident that it will prove technologically viable, said Fred Majkut, senior vice president of carbon solutions at the company. The goal is to demonstrate that carbon capture and storage is also economically viable, Majkut said.

“The economic viability of carbon capture and sequestration is a challenge today because the cost of building most plants in order to capture carbon dioxide are very significant,” the executive said. It can cost hundreds of millions of dollars to retrofit an industrial plant, he said.

For International Paper, the Vicksburg project is a potential way to produce lower carbon products for consumers who are climate conscious and a potential opportunity to benefit financially through the sale of carbon credits.

“There are examples in the marketplace where customers have the opportunity to express their preferences economically, whether that’s clicking a button to say they want to abate the carbon emissions for a trip in an Uber or an airplane,” said Adam Miklos, director of low carbon innovation at International Paper.

“Ultimately, it has the potential to reduce our emissions and, if successful, present an opportunity to sell carbon and renewable credits,” Miklos said.

Decarbonizing heavy industry

The Mississippi mill is a snapshot of how the oil and gas industry is trying to demonstrate that carbon capture and storage is a viable tool in the race to slash emissions, after using similar technology for decades to extract oil.

The industry has used carbon storage techniques since the 1970s in a process called enhanced oil recovery, in which carbon dioxide is injected underground to create pressure that pushes more crude toward production wells.

Chevron, Exxon, Baker Hughes and SLB, among others, are now repurposing that expertise, betting that carbon capture and storage will serve a large market of heavy industries such as cement and steel that have few good options right now to slash their emissions.

Total spending on carbon capture and storage projects is expected to reach $241 billion worldwide by 2030 if all announced projects materialize, according Rystad Energy. The United States and the United Kingdom are the leaders, with investments expected to reach $85 billion and $45 billion, respectively, by the end of the decade, according to Rystad.

In the U.S., investment in carbon management technologies more than doubled to $1.2 billion in 2023, the first full year after the passage of the Inflation Reduction Act, according to the Clean Investment Monitor. The law supports the industry with tax credits of up to $85 per ton of emissions captured and stored.

Cement plants, for example, produce emissions not only by burning fossil fuels, but also due to the materials used in the manufacturing process. About two-thirds of the industry’s carbon dioxide emissions come from chemical reactions that occur when breaking down limestone.

Cement is one of the most widely-used products globally, second only to drinking water, and is responsible for about 7% of the world’s carbon dioxide emissions alone, according to the United Nations. Cement and steel together represent about 14% of global emissions, according to the U.N.

“Right now, these types of industries have no way to effectively decarbonize to net zero without carbon capture,” Majkut said. “If they want to produce cement, there will be CO2 emissions simply because of the materials that are being used.”

With carbon storage already a mature commercial business, SLB is trying to tackle the capture side, which presents one of the major hurdles to scaling up the technology due to its high cost, according to Majkut. The solvent that would be used to catch carbon dioxide molecules at the Mississippi mill promises to lower the energy requirements of the capture process and make it more cost effective, he said.

“We’re quite comfortable that in the next 12 to 24 months, we will be coming to market with actually that chemistry as part of our core offering and develop what we call process design packages,” Majkut said.

SLB CEO Olivier Le Peuch has said carbon capture and storage will play a leading role in the company’s annual revenue targets of $3 billion by 2030 and $10 billion by 2040 for its new energy portfolio.

SLB this month announced a nearly $400 million investment in Aker Carbon Capture, a pure-play carbon capture company based in Norway, in an effort to accelerate deployment of the technology at commercial scale.

Competitor Baker Hughes is developing direct air capture technology after acquiring a company called Mosaic Materials in 2022. Baker Hughes has not disclosed the value of the deal.

The technology aims to catch low concentration carbon dioxide emissions, which are harder to capture, directly from the atmosphere as well as from industrial plants. Baker Hughes anticipates the technology will most likely come to market by the end of 2026.

Baker Hughes is targeting up to $7 billion in orders by 2030 for its new energy portfolio, which includes carbon capture and storage technology. The company is forecasting a total market for its new energy business of between $60 billion and $70 billion by the end of the decade.

“By 2030, I do believe we’re going to start to see these technologies start to become reasonably competitive,” said Alessandro Bresciani, senior vice president of climate technologies at Baker Hughes.

Chevron, Exxon building Gulf Coast hubs

The Gulf Coast of the United States, home to enormous oil and gas and other industrial plants, is emerging as a center of carbon capture and storage investments in the U.S.

Jeff Gustavson, vice president of lower carbon energies at Chevron, said the region has the potential to quickly increase use of the technology because of favorable geology for storage located close to high concentration emissions that are easier to capture at a lower cost. Some 100 million tons of carbon dioxide are emitted annually from Houston through to Port Arthur, Texas, Gustavson said.

Chevron and Exxon are targeting $10 billion and more than $20 billion, respectively, of spending on emissions-reducing technologies that include carbon capture and storage in major projects under development along the Gulf Coast.

Exxon over the past two years has entered agreements to capture carbon emissions from ammonia and fertilizer producer CF Industries and steelmaker Nucor, both in Louisiana, and industrial gas producer Linde in Beaumont, Texas. The country’s largest oil company is targeting a start-up date for a carbon capture and storage system at CF Industries in the first half of 2025.

Dan Ammann, president of low carbon solutions at Exxon, said those three contracts combined promise to remove 5 million tons of emissions annually — the equivalent of converting 2 million gas-powered cars to electric vehicles.

Exxon completed its acquisition of the carbon-dioxide pipeline operator Denbury for $5 billion in late 2023. The deal gave Exxon more than 900 miles of pipeline stretching through Mississippi, Louisiana and Texas that are located near at least 10 storage sites in the region.

“It gives us sort of instantaneous scale, instantaneous reach, across this huge source of emissions along the Gulf Coast,” Ammann said of the Denbury acquisition. “It gives us the ability to develop storage all along that pipeline as well.”

Exxon says it now owns the largest carbon dioxide pipeline network in the U.S. As the infrastructure comes together, Exxon is seeing “a very high level of interest from a lot of different emitters along the Gulf Coast,” Ammann said.

Chevron is the operator and lead investor in a flagship project called Bayou Bend, which has a 140,000 acre position of permanent carbon dioxide storage space near Port Arthur and Beaumont, Texas. The project is a joint venture with minority shareholders Talos Energy and Carbonvert.

Negotiations are currently underway with potential customers, Gustavson said, declining to disclose names. The area is home to large petrochemical, refinery, liquid natural gas and industrial gas operations with significant carbon dioxide footprints, he said.

“Bayou Bend could be one of the largest CO2 storage projects in the world. You’re talking several million tons a year of storage,” Gustavson said. The project has the potential for even more storage capacity depending on how much technical progress is made, the executive said.

While the IEA has described carbon capture and storage as “essential” to slash emissions in sectors like heavy industry, agency director Fatih Birol issued a sharply worded statement in November calling on the oil and gas industry to let go of the “illusion that implausibly large amounts of carbon capture are the solution” to climate change.

Birol’s comments came on the back of an IEA report that called on the industry to invest more in clean energy and accept the “uncomfortable truth” that a successful energy transition will result in the scaling back of fossil fuel production. That sparked a backlash from OPEC, which accused the IEA of vilifying the oil and gas industry.

“We’re not saying carbon capture can be implemented everywhere,” SLB’s Majkut said. “As a matter of fact, the primary way to decarbonize should be energy efficiency, scale up of renewables, and effectively carbon capture shall be used on applications that you can’t easily electrify, that you can’t easily decarbonize otherwise.”

Pipeline opposition

Increasing carbon capture and storage to meet net-zero emissions goals in the U.S. will require a massive expansion of pipeline infrastructure. The Department of Energy estimates that the network of carbon dioxide pipelines needs to grow from about 5,200 miles currently to between 30,000 and 90,000 miles.

“The key is the right geology close by to concentrated emissions,” Gustavson said. “That’s where we see this scaling fastest first, but over time, we will need to build more CO2 infrastructure to be able to transport CO2 much longer distances to access the same storage.”

But the permitting process is challenging because pipelines often cross state lines, requiring lengthy approval from multiple jurisdictions and creating bottlenecks, Majkut said.

Pipeline expansion has faced opposition in communities where residents are worried about the safety of transporting carbon dioxide. In 2020, a pipeline owned by Denbury ruptured just outside the village of Satartia, Mississippi, leading to the release of more than 31,000 barrels of carbon dioxide. More than 40 people were hospitalized and 200 individuals were evacuated from the area. Denbury was fined nearly $2.9 million by the U.S. Transportation Department.

Denbury said in a 2022 report that it had upgraded equipment and procedures in the wake of the pipeline leak to “substantially reduce the risk of similar events in the future, as well as mitigate and diminish the consequences in the event they do occur.”

The Energy Department says carbon dioxide pipelines have a better safety record than natural gas pipelines and other large infrastructure such as electric transmission. There have been no deaths from carbon dioxide pipelines over the past two decades and one injury in addition to the hospitalizations from the Satartia incident, according to the Transportation Department.

There are still a lot of uncertainties surrounding carbon capture and storage, said Miklos, the executive at International Paper. But the Vicksburg project is an opportunity to carefully examine the technical and economic viability and the impact on climate over a multiyear period, he said.

“The primary questions are around the ability to do this in a way that is cost effective,” he said.

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Elon Musk’s Boring Company has work crew in Nashville walk off job over unpaid bills and safety

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14 hours ago

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November 26, 2025

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Elon Musk’s Boring Company has work crew in Nashville walk off job over unpaid bills and safety


The Boring Company, Elon Musk’s tunneling startup, is reportedly facing significant issues with its new project in Nashville, Tennessee. A key subcontractor has walked off the job, alleging that the company has failed to pay for work completed on the “Music City Loop,” claiming they have received only 5% of what they are owed.

We have been following The Boring Company’s expansion efforts closely.

After the relative success of the Las Vegas Loop and several projects that failed to materialize, it looked like the company was winding down until a new proposal in Nashville gained some momentum.

However, a new report from the Nashville Banner indicates that the project is hitting a major wall.

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Shane Trucking and Excavating, a local contractor hired to handle preliminary work for the tunnel project, pulled its workers off the site this Monday. William Shane, the owner of the company, told the Banner that The Boring Company has “ghosted” them and failed to pay invoices totaling in the six figures.

According to Shane, the payment terms were initially set for every 15 days, then unilaterally switched to 60 days. Now, he claims it has been over 120 days since they broke ground, and his company has received only a fraction of the payment due.

“We were really skeptical from the beginning, and then since then, things pretty much just went downhill,” Shane said.

The contractor was reportedly responsible for preparing the launch pad for “Prufrock,” The Boring Company’s proprietary tunnel boring machine (TBM). We previously reported on Prufrock’s capabilities, with the company claiming it can dig tunnels significantly faster than conventional machines, supposedly porpoising directly from the surface to avoid digging expensive launch pits.

If the launch pad isn’t finished because the excavator wasn’t paid, Prufrock isn’t digging anywhere.

This isn’t the first time we’ve heard of payment issues involving Musk-led companies. Tesla has been known to not pay its bills, leading to small companies going bankrupt.

As The Boring Company was stiffing Shane on the bills, the company tried to poach workers from its own contractor and lied about it:

“One of their head guys texts two of my welders, offering them a job for $45 an hour from his work phone,” Shane described, noting that the same TBC employee denied sending the texts when confronted with screenshots. “That’s actually a breach of contract.”

On top of the missed payments, Shane alleges serious safety concerns. They made several official complaints to OSHA:

“Where we’re digging, we’re so far down, there should be concrete and different structures like that to hold the slope back from falling on you while you’re working. Where most people use concrete, they currently have — I’m not even kidding — they currently have wood. They had us install wood 2x12s.” 

The Boring Company Vice President David Buss blamed missed payments on “invoicing errors” in a statement to the Banner:

“It does look like we had some invoicing errors on that. It was, you know, unfortunately, too common of a thing, but I assured them that we are going to make sure that invoices are wired tomorrow.”

He also said that he would look into the poaching allegations, but added that he is not aware of any OSHA complaints.

The “Music City Loop” was pitched as a solution to connect downtown Nashville to the airport, a route that is notoriously congested.

The Boring Company claims it can complete the project without public money, but there are some obvious issues with its financing.

Electrek’s Take

I’ve been willing to give them the benefit of the doubt on the “Loop” concept. While it falls short of the original “autonomous pods” vision or the “Hyperloop” speed dreams, the system in Las Vegas does work to move people, even if it is just Teslas in tunnels driven by humans.

There’s just no evidence that it would be more efficient than any other public transit system.

When Musk launched The Boring Company’s first test tunnel in LA, I asked him if he had any simulations showing his “loop” system to be more efficient. He said that they were working on that. That was 7 years ago.

Therefore, while The Boring Company appears to have achieved marginal improvements in tunnel boring, mainly when it comes to smaller tunnels; it has yet to show clear evidence that its Loop system is a better solution than any other public transit system.


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Heybike Mars 3.0 and Ranger 3.0 Pro e-bikes get Black Friday cuts to lows from $1,199, Tesla + Leviton EV chargers, Hiboy EV lows, more

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15 hours ago

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November 26, 2025

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Heybike Mars 3.0 and Ranger 3.0 Pro e-bikes get Black Friday cuts to lows from ,199, Tesla + Leviton EV chargers, Hiboy EV lows, more


Our Green Deals today are all centered around Black Friday EV savings, led by the first post-launch price cuts on Heybike’s new Mars 3.0 Folding e-bike to its $1,199 low, as well as the equally new Ranger 3.0 Folding e-bike options starting from a $1,399 low. From there, we spotted Tesla’s Universal Wall Connector EV charger retaining a $50 price cut to $600, as well as Leviton’s smart 48A level 2 EV charger at a new low, Hiboy’s Black Friday EV sale with tons of new low prices thanks to the 53% initial discounts and bonus savings codes, and much more waiting for you below. And don’t forget about the hangover deals that are collected together at the bottom of the page, like yesterday’s increased Velotric Black Friday savings with new lows and extra battery bundles starting from $999, the Lectric XPeak 2.0 Off-Road e-bike bundles that are shrinking in stock, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Heybike drops new Mars 3.0 folding e-bike back to its $1,199 low during Black Friday sale for first time since launch

As part of its ongoing Black Friday e-bike sale, and coming right alongside the equally new price cut on the Ranger 3.0 Pro, Heybike is giving us the first official post-launch discount on its Mars 3.0 Folding Fat-Tire e-bike for $1,199 shipped, as well as a FREE Black Friday gift pack. It launched back at the top of August with a $100 discount from its $1,299 full price, which is repeating here for the first time since those initial deals cooled, and while the discount may not be large, you’re certainly getting a lot of upgraded features for such a low price.

Designed for those riders who seek greater thrills, the new Heybike Mars 3.0 e-bike brings along the new Galaxy Perform eDrive System, which pairs a 750W rear hub motor (1,400W peak) with 95nM of torque (and an obvious torque sensor), as well as a removable 624Wh battery. This system allows you to reach 20 or 28 MPH top speeds, determined by your local laws, and provides pedal-assisted support for up to 65 miles on one full charge. Just like the equally new Ranger 3.0 Pro model, you’ll find a new TFT display on this generation that delivers NFC start-up so you can turn it on by simply tapping your device to the display.

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Aside from its continued space-saving, folding frame, you’ll also notice an improved 440-pound payload so heavier riders can get in on the fun or allow smaller riders to haul some serious cargo weight. The lineup of upgraded features includes a hydraulic suspension fork, a rear Horst link suspension, hydraulic disc brakes, 4-inch puncture-protected tires with fenders, a brake-lit taillight with turn signals, a headlight, a horn, a rear cargo rack, a Shimano Altus 8-speed derailleur, and more.

man and woman riding Heybike Ranger 3.0 Pro e-bikes down street

Heybike’s new-gen Ranger 3.0 Pro folding commuter e-bike gets first post-launch cut to $1,399 low for Black Friday

As part of Heybike’s ongoing Black Friday Sale, and coming in right alongside the new Mars 3.0 Folding e-bike price drop, we’re also now seeing the new Ranger 3.0 Pro Folding Fat-Tire e-bike getting a cut to $1,399 shipped and coming with a FREE Black Friday gift pack. This model was released alongside the Mars 3.0 back in August, and has remained at its $1,499 full price since the initial launch deals ended that month. Now, during this Black Friday season, the brand is offering the first post-launch discount we have seen, giving you another chance at $100 savings on an already lower-cost commuter solution at its best price that we have tracked. Of course, if you want an even more premium look, this model has a Limited Miami Sunset colorway option that has been given a price cut to $1,599 shipped, as well as a Black Friday gift pack and a Miami Sunset gift pack for more added goodies.

Like the Mars 3.0 counterpart, the new Heybike Ranger 3.0 Pro e-bike is quite the higher-end solution for folks seeking new commuting options, all while retaining accessible pricing. It’s been upgraded from the popular Ranger S model with the new Galaxy Perform eDrive System, combining a 750W rear hub motor (1,200W peak), 80nM of torque, and a 720Wh battery. This combination provides a max speed of 20/28 MPH (depending on individual state laws), as well as pedal-assisted support (presided over by a torque sensor) for up to 90 miles on one charge, making it quite the handy commuter – plus, there’s the space-saving folding frame when you reach your destination. It boasts a new TFT display that allows you to tap your phone for NFC start-ups, giving you an extra layer of smart security.

Among its upgraded features, you’ll find a hydraulic suspension fork, 4-inch puncture-protected tires with fenders over each, hydraulic disc brakes, a headlight and horn at its front, a taillight with brake lighting and turn signal lighting, an 8-speed Shimano Altus derailleur, and more. And pivoting back to its folding design, this model condenses even smaller than its predecessor to a 41.7-inch by 20.5-inch by 32.7-inch size.

Tesla universal wall connector EV chargers installed at home driveway with two vehicles parked

Tesla’s Universal Wall Connector with dual NACS + J1772 connectors and customizable 48A speeds retains $50 cut to $600

While Amazon’s ongoing Black Friday Week Sale is going strong, we noticed that the official Tesla storefront is retaining the price cut on its Universal Wall Connector at $600 shipped during this holiday season, with it also matching the price at Best Buy. Earlier in the year we saw the price on this model rise to $650, where it’s been keeping until the more recent $50 markdown brought costs lower, giving you some continued holiday shopping relief here. Sadly, we haven’t seen any similar markdowns on its standard wall connector that is keeping to $450 shipped, or its newer Gen 2 Wall Connector models starting from $1,399 shipped.

If you want to learn more about this universal EV charger, be sure to check out our original coverage of this ongoing price cut here.

man riding Hiboy TITAN electric scooter
man using Leviton smart 48A level 2 EV charger to power vehicle

Best Fall EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.


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The Kia EV4 is delayed, but another EV is still quietly coming to the US

Published

16 hours ago

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November 26, 2025

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The Kia EV4 is delayed, but another EV is still quietly coming to the US

Kia-another-EV-US

The EV4 will sadly not arrive in the US as expected, but Kia said it’s still planning on launching another EV that’s expected to be an even bigger hit.

Kia confirms EV4 delay, says another EV is still US-bound

The EV4, Kia’s first electric sedan, was expected to launch in the US within the next few months, but that will no longer be the case.

Kia has indefinitely delayed the launch of the EV4 in the US due to policy changes under the Trump administration.

The loss of the $7,500 federal EV tax credit and added tariffs on Korean imports have forced Kia, like many others, to adjust their US lineup.

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According to Kia America’s marketing boss, Russel Wager, the EV4 is only a small part of the broader tariff-related impacts the Korean automaker is facing. Wager told Car and Driver on the sidelines of the LA Auto Show that the changes will likely impact other vehicles and prices.

Kia-EV4-US-delay
2026 Kia EV4 US-spec (Source: Kia)

When asked for specifics about why the EV4 is being pushed back, Wager said, “Can you give me the answer of when the tariffs are going to be resolved in Mexico, Canada, and Seoul? If you give me that answer, I’ll be as specific as possible.”

While the EV4 is delayed indefinitely, Wager suggested bringing the EV3 to the US, Kia’s compact SUV, is still part of the plan.

Kia-EV3-US
Kia EV3 (Source: Kia)

The Kia EV3 is already one of the most popular EVs in Europe and the UK’s best-selling retail electric car this year. Given the growing demand for smaller SUVs, the EV3 is expected to be an even bigger hit with US buyers than the EV4.

When it will launch in the US or how much it will cost remains up in the air until Kia gets a better idea of market conditions.

Kia-another-EV-US
The 2026 Kia EV9 (Source: Kia)

Kia’s EV sales plunged after the federal tax credit expired at the end of September. Sales of the EV6 and EV9 fell by 71% and 66% last month compared to October 2024.

According to Wager, the automaker won’t really know what demand looks like until February or March 2026, since the loss of the $7,500 credit likely pulled buyers forward.

Kia-EV3-US
Kia EV3 Air in Frost Blue (Source: Kia UK)

Kia is still ready to launch the EV4 in the US, but that’s only if the tariff situation stabilizes. Earlier this month, the US and South Korea agreed to reduce tariffs on imports from 25% to 15%.

“At that point in time we look at it and say, are we at 25 [percent], are we at 15—and then we can build our business case,” Wager said, adding, “It was originally designed and engineered when the tariffs were zero percent.”

The electric pickup that Kia announced just a few months ago may never make it to the US. Wager pointed to Ford halting F-150 Lightning production and reports that it could be scrapped altogether.

In the meantime, Kia is heavily discounting its current electric vehicles, offering a $10,000 customer cash bonus on every model. Or, you can opt for 0% financing for 72 months plus an extra $2,500 bonus cash. Kia’s sister company, Hyundai, is also offering generous discounts with IONIQ 5 leases starting at just $189 per month.

Interested in a test drive? We can help you get started. You can use our links below to find Kia and
Hyundai models in your area.


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