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CCUS Capture Capacity to Reach 2.5 Gigatonnes Per Annum By 2045, Finds New IDTechEx Report

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BOSTON, July 10 2024 /PRNewswire/ — Carbon capture, utilization, and storage (CCUS) technologies strip carbon dioxide (CO₂) from waste gases and directly from the atmosphere before either storing it underground or using it for a range of industrial applications. By preventing CO2 from accumulating in the atmosphere, CCUS offers a ready-now pathway to decarbonize existing fossil fuel assets while also enabling the growth of emerging sustainable industrial sectors such as blue hydrogen and BECCS (bioenergy with carbon capture and storage). IDTechEx forecasts that CCUS capture capacity will reach 2.5 gigatonnes per annum by 2045, according to the new IDTechEx report “Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players“.

Accelerating uptake of CCUS

Historically, although carbon capture technologies are mature and well-established, wide-scale deployment of CCUS has been hindered by the high costs associated with capturing CO2. This is due to the high penalty from solvent regeneration. For CCUS to reach the levels necessary to meet net zero by 2050 targets, innovative new capture solutions will be required to reduce costs. Alternative point source capture technologies, including emerging solvents, sorbents, membranes, cryogenic methods, and oxyfuel designs, are being developed in the search for lower capture costs. This report includes analysis, benchmarking, key players, and the latest advancements for all major carbon capture technologies, enabling a selection of the best technology for a specific emission scenario.

In parallel with decreasing costs, economic incentivization for CCUS is increasing, driven by government carbon pricing policies (such as the EU ETS and US 45Q tax credit) and emerging CO2 utilization applications. Achieving economic viability is critical for large-scale deployment of CCUS. IDTechEx analysis has indicated that profitable carbon capture is already possible for several sectors within the current regulatory landscape. Carbon pricing is expected to keep increasing globally, accelerating the market potential of CCUS.

A paradigm shift in the CCUS business model

So far, CCUS projects have used a full-chain approach, where a single entity manages the entire CCUS value chain (capture, compression, transportation, and then utilization/storage). Analysis of the future CCUS project pipeline from IDTechEx reveals that a new fragmented CCUS business model will soon emerge, with oil and gas players leveraging existing expertise and infrastructure to begin providing partial chain CO2 transport and/or storage services, simplifying project development for emitters.

Key industrial applications for CCUS

Within industry, CCUS provides a retrofittable means of decarbonizing existing industrial assets. While several industries may eventually see greener solutions emerge, CCUS uses ready-now technologies and can provide emission reductions quickly as a transitionary stepping stone. For example, although renewable power generation will ultimately replace fossil-fuel-based power stations, the transition will be slow. In the meantime, CCUS can provide rapid decarbonization of existing power stations.

Emerging sustainable sectors such as bioenergy and blue hydrogen can also benefit from CCUS. Bioenergy is a promising candidate for decarbonizing industrial processes that rely on fossil fuels to generate high temperatures, and combining this with carbon capture offers further emission reductions. Moreover, developing a hydrogen economy is seen as a key tool for global decarbonization, and adding CCUS technologies to fossil-fuel-based hydrogen methods can kick-start hydrogen production growth and put infrastructure in the ground until greener electrolyzer technology reaches maturity. The new IDTechEx report, “Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players”, identifies which industrial sectors hold the greatest opportunity for CCUS deployment and examines sector-specific drivers and barriers.

Comprehensive analysis and market forecasts

“Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players” provides a comprehensive outlook of the emerging CCUS industry and carbon markets, with an in-depth analysis of the technological, economic, regulatory, and environmental aspects that are set to shape the CCUS industry over the next 20 years. Carbon capture, carbon utilization, and carbon storage technologies are evaluated, discussing each area’s latest advancements, key players, opportunities, and barriers. The report also includes a 20-year granular forecast until 2045 for CCUS CO2 capture capacity (segmented by CO2 endpoint, point-source vs DAC, and is further broken down into 5 industrial sectors), alongside exclusive analysis, over 80 interview-based company profiles, and coverage of 350+ companies.

Key questions answered in this report include:

What is CCUS, and how can it be used to address climate change?Where is CCUS currently deployed?Which industrial applications are most suited for CCUS technologies?What is the market outlook for CCUS?What are the key drivers and restraints of market growth?How can carbon pricing schemes and other incentives help scale up CCUS?How much does carbon capture technology cost?What can carbon dioxide be used for industrially?Where are the key growth opportunities for carbon dioxide utilization?Who are the key players in CCUS?Can CCUS help the world meet its climate ambitions?

To find out more about this IDTechEx report, including downloadable sample pages, please visit www.IDTechEx.com/CCUS.

For the full portfolio of energy and decarbonization market research available from IDTechEx, please see www.IDTechEx.com/Research/Energy.

About IDTechEx 
 
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com

Media Contact: 
 
Charlotte Martin 
Subscriptions Marketing Manager 
press@IDTechEx.com 
+44(0)1223 812300 
 
Social Media Links: 
 
X: https://www.twitter.com/IDTechEx 
LinkedIn: https://www.linkedin.com/company/idtechex/ 

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View original content:https://www.prnewswire.co.uk/news-releases/ccus-capture-capacity-to-reach-2-5-gigatonnes-per-annum-by-2045–finds-new-idtechex-report-302193718.html

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Orderful Raises $15M Growth Round Led by NewRoad Capital Partners to Transform B2B Integration with Modern EDI Solutions

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Orderful secures $15M to expand its modern EDI platform, enabling faster, smarter B2B integrations with AI and self-service solutions.

SAN FRANCISCO, Nov. 15, 2024 /PRNewswire-PRWeb/ — Orderful, a pioneering company revolutionizing business-to-business (B2B) integration with its industry-leading Electronic Data Interchange (EDI) platform, announced today that it has raised $15 million in a growth round led by NewRoad Capital Partners. The round also saw participation from new investors 9Yards, Flume Ventures, and NFI Ventures, alongside existing investors Andreessen Horowitz and GLP Partners.

“We like to invest in companies with strong domain expertise that are solving big legacy problems and delivering on what they promise to the market. Orderful exceeds expectations in all of these areas.” Gregoire Lehmann, Principal at NewRoad Capital Partners

Orderful is changing the status quo in the B2B integration space by offering a fast, modern EDI software-as-a-service platform that drastically simplifies the way businesses connect and exchange data. Orderful customers connect once to their API platform and can go live with new EDI connections in less than 2 weeks, which is 10x faster than competitors. This year, Orderful launched its Web EDI Fulfillment product, a solution for companies of all sizes to start trading EDI without speaking with a sales representative. Orderful is the first EDI company in the world to provide this product experience.

Orderful is also the first company to integrate artificial intelligence (AI) into its platform to manage and resolve EDI errors in real-time. The AI-based recommendation engine drastically reduces the time and effort required to go-live and manage trading partners. Hundreds of leading companies, including NFI, Koch Industries, Pepsi Logistics, G-III Apparel Group, Liquid Death, and Continental Mills, are leveraging Orderful’s platform to gain a competitive edge in their respective markets. With its latest funding, Orderful is poised to accelerate growth and further enhance its product offerings.

New Partnership and Strategic Insights

As part of the investment, Gregoire Lehmann, Principal at NewRoad Capital Partners, will join Orderful’s board of directors. Josh Jewett, Operating Partner at NewRoad and former Chief Information Officer (CIO) at Family Dollar and Dollar Tree, will join as a board observer. Their deep expertise in supply chain and retail technology will provide invaluable insights as Orderful continues to scale. “Orderful is fundamentally changing the way companies trade EDI. Their approach to simplifying EDI is a game changer. We like to invest in companies with strong domain expertise that are solving big legacy problems and delivering on what they promise to the market. Orderful exceeds expectations in all of these areas.” said Gregoire Lehmann, Principal at NewRoad Capital Partners.

“Having spent years in the retail industry, I understand the pain points of traditional EDI systems. Orderful’s innovative approach is precisely what the industry needs to move forward. The labor expense, delays, transaction fees, cumbersome interfaces, and poor error handling are all gone with their model. I’m excited to contribute to their journey,” added Josh Jewett, Operating Partner at NewRoad Capital Partners.

“NFI has always been at the forefront of innovation in logistics, and Orderful has been a critical partner in helping us streamline our EDI processes. Their platform has enabled us to be more agile and responsive, giving us a significant competitive advantage,” said Dave Broering, President of Integrated Logistics at NFI.

Looking Ahead

“We are thrilled to partner with NewRoad Capital Partners, whose industry expertise and extensive network will be invaluable as we continue to scale Orderful,” said Erik Kiser, CEO of Orderful. “The enthusiasm and support from our investors, both new and existing, are a testament to the impact Orderful is making in the B2B integration space. We are excited to continue growing at this pace and look forward to the opportunities ahead.” David Ulevitch, General Partner at Andreessen Horowitz, reflected on Orderful’s journey, “From the beginning, we saw the potential in Orderful’s vision to modernize EDI. Their progress has been incredible, and we’re excited to see how they will continue to innovate and lead in this space.”

Orderful is growing faster than any EDI company in its category, and this capital will enable the company to continue this momentum as it targets more enterprise customers in the retail and supply chain space.

With this new funding, Orderful plans to accelerate product development, expand its global reach, and continue to deliver cutting-edge solutions that empower businesses to thrive in an increasingly interconnected world.

About Orderful

Orderful is the modern EDI Platform revolutionizing how logistics providers, retailers, manufacturers, and technology companies manage their EDI trading partnerships and transactions in real-time. Its simplified integrations, pre-connected network, and user-friendly self-service approach minimize errors with customers onboarding new partners. Orderful has been recognized as a best-in-class EDI provider by industry leaders like G2 and SourceForge. To learn more, visit https://www.orderful.com/.

Media Contact

Gem Nwanne, Orderful, 1 855-965-1887, gem@orderful.com, https://www.orderful.com/

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/orderful-raises-15m-growth-round-led-by-newroad-capital-partners-to-transform-b2b-integration-with-modern-edi-solutions-302306730.html

SOURCE Orderful

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30 Years After the Passing of Daddy Bruce Randolph, His Legacy of Feeding Families on Thanksgiving Is in Jeopardy Due to Lack of Funding. Epworth Foundation Issues an Urgent Call for Donations

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DENVER, Nov. 15, 2024 /PRNewswire/ — With just one week left before the annual Denver Feed-A-Family event in honor of Daddy Bruce Randolph, the Epworth Foundation faces a critical shortfall in funding. To meet its ambitious goal of providing 7,500 Thanksgiving meal baskets, the organization needs to raise $400,000 but is far short of its goal. This significant gap puts thousands of families at risk of going without a meal this holiday season.

This year’s theme, “One Community, One Family,” embodies the foundation’s mission to bring nourishment and unity to those most in need. However, with funding levels far below what’s necessary, the Epworth Foundation urgently appeals to the community for help.

“We are at a crossroads,” said Xiomara Yanique, Program Director at the Epworth Foundation. “Without immediate support, we risk leaving many families without a Thanksgiving meal this year. Every dollar counts, and time is running out.”

The average cost of a meal basket is $55, which includes everything needed for a family meal serving 4-5 people. With current funding, the organization will be able to serve fewer than 1,000 families. The Epworth Foundation calls on local businesses, philanthropists, and community members to step in and help bridge this critical gap. Donations of any size are urgently needed and can be made directly on the foundation’s website.

A Call for Unity from Denver’s Mayor

Denver’s Mayor, Mike Johnston, expressed his concern and support for the initiative: “The Denver Feed-A-Family event has been a vital source of hope and comfort for our city’s most vulnerable families. I urge everyone to contribute. Together, we can ensure no family goes without a meal this Thanksgiving.”

How You Can Help

Donate Today: Visit www.epworthfoundation.org to make a contribution. You can sponsor one or more meal baskets or give any amount to help cover the cost of these essential meal kits.

Participate in Giving Tuesday: Join our community effort to honor Daddy Bruce Randolph’s legacy by supporting the cost of meal baskets for families in need.

Volunteer: There are still opportunities to lend a hand on distribution day, November 23rd.

For more information or to donate, please visit www.epworthfoundation.org.

Contact for Media:
Jackie Perry
Email: socialmedia@epworthfoundation.org
Phone: 904.866.3828

View original content:https://www.prnewswire.com/news-releases/30-years-after-the-passing-of-daddy-bruce-randolph-his-legacy-of-feeding-families-on-thanksgiving-is-in-jeopardy-due-to-lack-of-funding–epworth-foundation-issues-an-urgent-call-for-donations-302307350.html

SOURCE The Epworth Foundation

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The Merriest Grinchmas Ever Awaits with Grinch Décor from Gemmy

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Grinch-Inspired Decorations from Airblown® Inflatables to Life-Size Animatronics

DALLAS, Nov. 15, 2024 /PRNewswire/ — Fans of How the Grinch Stole Christmas! will be delighted with a feast of Grinch decorations to choose from this season. Gemmy’s expansive collection, from amazing Airblown® Inflatables and yard décor to life-size animated characters, is sure to grow hearts three sizes.

Grinch fans will be delighted with Gemmy’s expansive collection of decorations to choose from.

Airblown® Inflatables

Set the scene for a Merry Grinchmas with the Grinch inflatable lineup. Big or small, hanging or arched, Gemmy has you covered:

Craft a custom scene with adorable 4-ft tall characters: Grinch in Ugly Red Sweater and Cindy-Lou Who with gift.Warm hearts and add fun to your display with 6-ft and 6.5-ft options: Max and Grinch with red heart scene and Hanging Grinch with wreath.Welcome guests with whimsical 9-ft and 10-ft styles, perfect for parties and photo ops: sneaky Tiptoeing Grinch with gift sack, Merry Grinchmas Archway, and Grinch and Max with Naughty or Nice Sign.

Musical and Animated Merriment

For a multisensory experience, Grinch enthusiasts will love animated decor that plays “You’re A Mean One, Mr. Grinch”:

Life-Size Animated: Equipped with sound and motion features, these realistic characters are available in two styles—the charming 4-ft Animated Little Grinch and the 6-ft Animated Grinch in a Santa suit.EmoteGlow™: Featuring animated faces that light up and sing, this amazing technology is available in the adorable 6.3-in Kawaii Grinch (in-store only) and the Grinch Musical Light String with eight bulbs.

Indoor/Outdoor Lighting and Decor

Lighting and decor options are fantastic on their own or layered into the mix:

The 4-ft tall 3D Grinch Tinsel Sculpture features the Grinch holding colorful stockings and shines with 35 LED lights.Light up interior or exterior surfaces and walkways with the colorful Whirl-A-Motion™ Grinch Projection and festive Grinch Pathway Stakes.Perfect for indoor locations, battery-operated blow molds are available in two styles: 14-in Grinch and 12-in Max (in-store only).

Find this Grinch collection in-store and online at The Home Depot.

About Gemmy Industries
Gemmy Industries is a leader in the seasonal décor market, bringing festive fun and holiday cheer to homes everywhere. Dedicated to innovation and creative design, Gemmy has elevated industry standards and established recognizable brands like Airblown® Inflatable and LightShow® Lighting. For more information on products and retailers, visit www.gemmy.com. Connect with us on Instagram and Facebook.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-merriest-grinchmas-ever-awaits-with-grinch-decor-from-gemmy-302307351.html

SOURCE Gemmy Industries

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