Honeywell International Inc. said it will collaborate with the University of Texas at Austin (UT) to commercialize a lower cost carbon capture technology for the power generation and industrial sectors. The project was developed by researchers at UT’s Texas Carbon Management Program (TxCMP). An advanced amine solvent “enables carbon dioxide (CO2) to be captured at…
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Biden Orders Federal Agencies to Buy 100% Carbon-Neutral Electricity by 2030, Zero-Emission Vehicles by 2035
President Biden on Wednesday signed a sweeping executive order (EO) to put the federal government on a path to consuming 100% carbon pollution-free electricity on a net annual basis by 2030. The EO also directs the government to buy 100% zero-emission vehicles by 2035. The EO does not close the door to fossil fuel power…
Talos, Freeport LNG Advancing CCS Project on Upper Texas Coast
Houston-based Talos Energy Inc., which is expanding its scope beyond exploration and production to carbon capture and storage (CCS), has a preliminary agreement with Freeport LNG Development LP to sequester emissions on the Upper Texas coast. Reducing the carbon intensity of liquefied natural gas (LNG) exports has become paramount for U.S. operators in the broad…
Williams Gathering Volumes Hit Record, as Natural Gas Demand Drives Northeast Expansions
Williams continues to see strong demand for natural gas services on its midstream assets despite the higher price environment, with another record quarter of gathering and transmission volumes driving an increase in earnings guidance for 2021. CEO Alan Armstrong said he was surprised at how inelastic demand for natural gas was during the third quarter,…
ExxonMobil Hikes Low-Carbon Spending to $15B, a Four-Fold Hike to 2027
ExxonMobil has boosted its annual spending on low-carbon ventures to $3 billion a year over the next five years, four times higher than initially planned, with expanded emissions targets set to be issued later this year, CEO Darren Woods said Friday. Woods detailed the $15 billion capital now earmarked during a wide-ranging conference call. Analysts…
Denbury, Mitsui Collaborating to Capture CO2 from Gulf Coast Oil Projects
Denbury Inc. and Mitsui & Co. Ltd. units said they are evaluating opportunities on the Gulf Coast to develop carbon-negative oil projects. Sequestering emissions from oil using carbon capture, utilization and storage (CCUS) is the aim of the memorandum of understanding (MOU) between Plano, TX-based Denbury Onshore LLC and Mitsui E&P USA LLC, the U.S.…
Chart Industries Hit by Supply Chain Woes, but Demand Remains Strong for Oil, Natural Gas Products
Chart Industries Inc. wrestled with inflationary pressures and operational challenges during the third quarter that weighed on results, but the company stressed that it continues to see “broad-based” demand for its products. Chart engineers and manufactures equipment, including systems to liquefy hydrocarbons, hydrogen and helium. Like other industrial companies, supply chain, labor and logistics challenges…
ExxonMobil Bidding to Advance CCS Expansion at Wyoming’s LaBarge Natural Gas Facility
Bids to secure engineering, procurement and construction contracts for a carbon capture and storage (CCS) expansion at the LaBarge natural gas facility in Wyoming are advancing, ExxonMobil said Thursday. LaBarge to date has captured an estimated 6-7 million metric tons (mmt) of carbon dioxide (CO2), making it the largest project of its kind in the…
Navigator Sanctions Heartland System to Capture Midwest Industrial CO2 Emissions
Navigator CO2 Ventures LLC said Thursday it has binding commitments in hand to sanction the massive Heartland Greenway system, a 1,300-mile carbon capture pipeline that would traverse five states across the Midwest. As initially designed, Heartland would transport and sequester up to 15 million metric tons/year of carbon dioxide (CO2) from industrial customers in Illinois,…
Air Products Taps Louisiana for World’s Largest Blue Hydrogen, Carbon Capture Complex
Air Products and Chemicals Inc. on Thursday earmarked $4.5 billion to build and operate a mega complex in Ascension, Parish, LA, capable of producing 750 million cubic feet/day of blue hydrogen and potentially the world’s largest carbon capture sequestration endeavor to date. The project, expected to be operational in 2026, was announced Thursday by Gov.…