Sasol Chemicals and Mission Possible Partnership (MPP) announced on April 25 a collaboration to advance a series of potential projects with aims including the use of hydrogen as a source of energy. The projects will be based at Sasol’s facility in Lake Charles, La.
Other aims for the projects include carbon capture, use and storage and sustainable aviation fuel production. Sasol and MPP’s ultimate goal is to advance these projects to final investment decision (FID). To that aim, funding has been attained from the Bezos Earth Fund, which will support up to 10 of projects, should they prove viable.
“Decarbonizing the chemicals sector is crucial to reaching U.S. climate targets,” said Bryan Fisher, Director of Hubs at the Mission Possible Partnership. “We look forward to helping Sasol realize its decarbonization ambitions at its Lake Charles facility and the community benefits offered by clean energy development, such as job creation and cleaner production processes.”
Sasol Chemicals is a global solutions provider that is established in 118 countries around the world. MPP is an alliance of companies that seek to achieve net zero emissions by 2050.
Recommended Reading
NAPE: In Basins Familiar to E&Ps, Lithium Rush Offers Little Gold
2024-02-07 - A quest for sources of lithium comes as the lucrative element is expected to play a part in global efforts to lower emissions, but in many areas the economics are challenging.
Investors: Energy Transition is on Policy-driven Life Support
2024-03-20 - Injecting private capital into the energy transition is worrisome because some projects couldn’t survive without government incentives, panelists said at CERAWeek by S&P Global.
APA’s Permian to Pick up Production Slack Amid Overseas Headaches
2024-02-26 - With various overseas headaches, Houston-based APA Corp. aims to boost its Permian Basin volumes and integrate its Callon Petroleum acquisition when it closes in the second quarter.
Repsol Eyes Increasing Core US Upstream Business
2024-02-29 - Madrid-based Repsol SA will invest €$2.2 billion (US$2.38 billion) between 2024-2027 on its unconventional assets in the Marcellus and Eagle Ford as it focuses on increasing its core U.S. upstream business platform.
US Interior Department Releases Offshore Wind Lease Schedule
2024-04-24 - The U.S. Interior Department’s schedule includes up to a dozen lease sales through 2028 for offshore wind, compared to three for oil and gas lease sales through 2029.