Core Insights - The first "one-stop" carbon footprint digital public service platform in Northeast China has been launched in Dalian, facilitating green transformation and international expansion for enterprises [1][2] - Carbon footprint has become a "green passport" for international trade, but previously, obtaining this certification was time-consuming, inefficient, and costly due to the need for third-party service providers and lack of standardized accounting [1] Group 1 - The Dalian carbon footprint certification public service platform is led by the Dalian Inspection and Testing Certification Group, focusing on key industries such as petrochemicals, transportation, equipment manufacturing, and building materials [1] - The platform has established a dual-level carbon data management framework covering both "product carbon" and "organizational carbon," with 21 key product carbon footprint accounting models for nine major local industries [1][2] - The platform enables efficient carbon footprint accounting and report generation through a collaborative mechanism of "enterprise self-calculation + third-party certification review," reducing costs and improving carbon information disclosure efficiency [2] Group 2 - The platform supports comprehensive organization and efficient transformation of carbon emission data, ensuring secure storage and strict quality control, while providing support for carbon border adjustment mechanism filings and export compliance solutions [2] - On the launch day, the platform signed agreements with eight key industry enterprises, seven certification agencies, and six financial institutions to build a product carbon footprint accounting certification "ecosystem" [2] - The second phase of the platform will develop a locally tailored product carbon factor database that will interconnect with the national carbon database, allowing enterprises to gain international trade recognition through self-declaration [2]

Core Insights - Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (CRC), is advancing California's first carbon capture and sequestration (CCS) project at Elk Hills, with expectations to break ground in summer 2025 and inject CO2 by year-end 2025 [2][7]. Financial Performance - In the first quarter of 2025, CMB expenses were $18 million, down from $20 million in the fourth quarter of 2024. General and administrative expenses decreased to $3 million from $5 million [4]. - Capital investments in Q1 2025 were $2 million, a decline from $6 million in Q4 2024. Adjusted EBITDAX for Q1 2025 was $(21) million, an improvement from $(25) million in Q4 2024 [4]. Guidance - For Q2 2025, CRC expects capital expenditures between $5 million and $10 million, with total year guidance of $20 million to $30 million. CMB expenses are projected to be $10 million to $15 million for Q2 and $60 million to $90 million for the full year [6]. - General and administrative expenses are estimated at $2 million to $4 million for Q2 and $10 million to $15 million for the year. Adjusted EBITDAX is forecasted to be between $(15) million and $(20) million for Q2 and $(80) million to $(85) million for the full year [6]. Project Developments - CTV has received EPA Class VI well permits for CO2 storage and is preparing to commence construction of the CCS project at Elk Hills [7]. - CTV signed a Memorandum of Understanding (MOU) with National Cement for the "Lebec Net Zero" initiative, which aims to produce carbon-neutral cement with potential funding of up to $500 million from the Department of Energy [7].

CHICAGO, April 15, 2025 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ:LNZA) ("LanzaTech" or the "Company"), a carbon management solutions company, today filed its annual report for the fiscal year ended December 31, 2024 (the "Form 10-K"). Key Takeaways: Reported total revenue of $12.0 million for fourth-quarter 2024 as compared to $20.5 million for fourth-quarter 2023. The decrease was driven primarily by fourth-quarter 2023 benefiting from engineering services performed across several projects which ...