Spiritus pivots to EOR sales as US carbon-capture incentives weaken

Spiritus, a carbon management startup, has signed preliminary CO2 supply deals with three U.S. oil producers for enhanced oil recovery, shifting from pure sequestration to commercial sales. This pivot follows cuts to federal carbon capture incentives and regulatory uncertainty, signaling a market-driven adaptation. The move could boost domestic oil output but may undermine the climate rationale of carbon capture projects.