U.S. liquefied natural gas (LNG) developer NextDecade Corp. has launched a subsidiary focused on carbon capture and storage (CCS) as it aims to lower the greenhouse gas (GHG) footprint of its proposed export project in South Texas.

The subsidiary, NEXT Carbon Solutions LLC, will develop what NextDecade says is one of the largest CCS projects in North America at the Rio Grande LNG site near Brownsville. NextDecade said Thursday the project can reduce permitted carbon dioxide emissions at Rio Grande LNG by more than 90% without major design changes to the project. 

“The launch of NEXT Carbon Solutions comes at a pivotal time for our nation and the world, and we are eager to demonstrate the transformative and impactful contributions this business will make to the global energy...