
Their project, which targets a 2026 startup, would be the third carbon-capture and sequestration venture proposed for the Texas Gulf Coast. (Source: BP Plc)
Oil major BP Plc and industrial gas supplier Linde Plc. on May 17 announced plans to advance a major carbon capture and storage (CCS) project in Texas that will enable low carbon hydrogen production at Linde’s existing facilities. The development will also support the storage of CO2 captured from other industrial facilities—paving the way for large-scale decarbonization of the Texas Gulf Coast industrial corridor.
Oil, gas and chemical firms have embraced carbon-capture and sequestration, or collecting and sinking greenhouse gas deep underground, to address investor demands to clean up operations and to offset pollution that contributes to global warming.
Upon completion, the project will capture and store CO2 from Linde’s hydrogen production facilities in the greater Houston area—and potentially from its other Texas facilities—to produce low carbon hydrogen for the region. The low carbon hydrogen will be sold to customers along Linde’s hydrogen pipeline network under long-term contracts to enable production of low carbon chemicals and fuels.
Their project, which targets a 2026 startup, would be the third carbon-capture and sequestration (CCS) venture proposed for the Texas Gulf Coast. It aims to stem atmospheric releases of greenhouse gases from the region's industrial sector.
Exxon Mobil has proposed an offshore facility to annually collect up to 100 million metric tons of CO2. Talos Energy and Chevron also are joined in a venture that could buy about 250 million tonnes of CO2 per year offshore.
The BP-Linde venture aims to start storing CO2 from Linde's hydrogen gas plants and seek additional customers for an up to 15 million tonne sequestration facility. BP will develop and permit the venture's subterranean sites and Linde will provide gas compression technology to the venture.
The project "can help decarbonize hard-to-abate industries for the greatest potential impact on emissions while protecting jobs," BP America President Dave Lawler said in a statement.
As part of the project, BP will appraise, develop and permit the geological storage sites for permanent sequestration of the CO2. BP’s trading & shipping business aims to bring custom low carbon solutions to the project, including renewable power and certified natural gas, along with commodity trading and price risk management expertise.
Recommended Reading
Whiting, Oasis Petroleum Become Chord Energy as Merger Closes
2022-07-01 - The new company, Chord Energy based in Houston, has a premier Williston Basin position with top tier assets across approximately 972,000 net acres and a pledge to return 60% of its free cash flow to shareholders.
Hart Energy Names Jennifer Pallanich to Lead Technology Coverage
2022-04-21 - Veteran downhole and subsea technology reporter, Jennifer Pallanich. will lead content efforts for HartEnergy.com and E&P Weekly.
EAG Services CEO, Former Equinor CTO Discuss What’s Next for IIoT and E&P
2022-04-21 - Women in Energy honorees Elizabeth Gerbel, CEO of EAG Services, and Carri Lockhart, Dril-Quip board member and former Equinor CTO, weigh in on what’s next for the industrial internet of things in the oil and gas industry.
Is the Energy Transition, Net Zero Possible?
2022-06-30 - Despite skepticism around the energy transition and net-zero goals, some countries and companies are already making progress. Here’s how.
Halliburton Profit Nearly Doubles as Oil Price Surge Boosts Drilling Activity
2022-04-19 - The price increase has encouraged oil and gas producers to boost drilling activity, sending the U.S. rig count to 673 at the end of the first quarter.