Commonwealth LNG Signs Carbon Capture and Storage MOU With OnStream CO2
HOUSTON, Nov. 28, 2023 /PRNewswire/ -- Commonwealth LNG announced it has entered into a Memorandum of Understanding (MOU) with OnStream CO2 LLC, a joint venture between Carbonvert Inc. and Castex Carbon Solutions, LLC, for a carbon capture and storage solution at Commonwealth's 9.3 million tonnes per annum LNG facility under development in Cameron, Louisiana.
- HOUSTON, Nov. 28, 2023 /PRNewswire/ -- Commonwealth LNG announced it has entered into a Memorandum of Understanding (MOU) with OnStream CO2 LLC, a joint venture between Carbonvert Inc. and Castex Carbon Solutions, LLC, for a carbon capture and storage solution at Commonwealth's 9.3 million tonnes per annum LNG facility under development in Cameron, Louisiana.
- Under the agreement, OnStream CO2 will design, construct, own, and operate carbon dioxide (CO2) capture equipment near the Commonwealth LNG site.
- OnStream's tailored CO2 capture, transportation, and storage solution will allow Commonwealth LNG to achieve key environmental initiatives while focusing on its core LNG business."
- Final terms of the carbon capture arrangement remain subject to negotiation of a definitive agreement between the parties.