NextDecade Corp. and Mitsubishi Heavy Industries America Inc. have signed an engineering services agreement for the design, license, and performance guarantee of the KM CDR Process, a post-combustion carbon capture technology to be applied at NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.
The roughly $1.6 billion project, which was proposed to support oil production growth in the Rockies and the Bakken shale regions, had been put on hold more than a year ago.
Commissioning is complete for the third train at the LNG terminal.
Third train had been operating in test mode.
Occidental’s venture capital arm, Oxy Low Carbon Ventures, agreed to offtake and transport CO₂ from NextDecade’s planned Rio Grande LNG project and permanently sequester it in an underground geologic formation.
The Red Hills V cryogenic processing plant marks the fifth major natural gas processing plant Lucid Energy Group has commissioned across its footprint in the Permian Basin since 2017.
Menendez, Shaheen increase pressure on the president from his own party.
US secretary of state says the natural gas pipeline runs counter to the EU’s own interests.
Construction of the natural gas pipeline is Europe’s call, says the chief of Austria-based OMV.