Iranian CO2 recovery project named a finalist of 2026 WPC Energy Excellence Awards
An Iranian carbon-recovery project has been named among the finalists of the 2026 WPC Energy Excellence Awards, placing an Iranian technology alongside projects from Western countries in the newly introduced Net-Zero Initiatives category.
Carbon Bared, an Iranian company, has been shortlisted in the Small and Medium-sized Enterprises (SMEs) and Academic Institutions section for its project titled “CO2 Recovery & Utilization of Tehran Oil Refinery.”
The official WPC Energy finalist list names Carbon Bared alongside Johnson Matthey of the UK and TDE Energy of the UAE in the category.
The WPC Energy Excellence Awards recognize projects and innovations demonstrating measurable impact and advancing the global energy sector.
For 2026, the Net-Zero Initiatives category, introduced for the first time this year, focuses on feasible and scalable projects involving emissions reduction, energy efficiency, carbon capture, hydrogen, circular-economy practices and sustainable supply chains.
Carbon Bared’s technology captures carbon dioxide contained in flue gases of Tehran Oil Refinery and, following purification, converts it into liquid carbon dioxide.
According to information provided about the project, the final product has a purity of more than 99.9 percent and a dew point of minus 65 degrees Celsius, making it suitable for industrial and food-related applications.
The facility has an annual capacity to process around 40,000 tons of carbon dioxide from Tehran Oil Refinery.
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The process is also reported to prevent the loss of more than 16 million cubic meters of gas per year.
The company says the amount of carbon dioxide captured and purified through the project is equivalent to the carbon-sequestration impact of planting forests across approximately 3 million square meters in the vicinity of Tehran, highlighting the project's potential environmental benefits for the capital.
The recovered carbon dioxide has applications across a wide range of sectors, including medical and pharmaceutical industries, laboratories, food production, agriculture, firefighting and welding.
The company says the quality of its product has enabled it not only to meet part of domestic demand but also to export a portion of its production.
Around 30 percent of its annual CO2 output is reportedly exported to Iraq, where it competes with Turkish producers.
The project represents a circular approach to industrial emissions by converting carbon dioxide from a refinery waste stream into a commercially usable product rather than allowing it to be released into the atmosphere.
The winners of the 2026 WPC Energy Excellence Awards are scheduled to be announced during the 25th WPC Energy Congress, which will be held in Riyadh from October 11 to 15, 2026, under the theme “Pathways to an Energy Future for All.”13:23
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