Petra Nova

A New Dawn for CCUS After Five Decades of Ups and Downs

Retrieved on: 
Wednesday, November 23, 2022

However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.

Key Points: 
  • However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.
  • For further information on the CCUS market and its technologies, please refer to IDTechEx's report " Carbon Capture, Utilization, and Storage 2021-2040 ".
  • CCUS capacity growth has been around 2.3Mtpa of added capacity since 2010, with annual capture capacity reaching 41Mtpa of CO in 2020.
  • The first industrial large-scale CCUS project commenced operation about 50 years ago at the Val Verde natural gas processing plant in Texas, US.

A New Dawn for CCUS After Five Decades of Ups and Downs

Retrieved on: 
Wednesday, November 23, 2022

However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.

Key Points: 
  • However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.
  • For further information on the CCUS market and its technologies, please refer to IDTechEx's report " Carbon Capture, Utilization, and Storage 2021-2040 ".
  • CCUS capacity growth has been around 2.3Mtpa of added capacity since 2010, with annual capture capacity reaching 41Mtpa of CO in 2020.
  • The first industrial large-scale CCUS project commenced operation about 50 years ago at the Val Verde natural gas processing plant in Texas, US.

Chevron, Talos and Carbonvert announce closing of previously announced joint venture expansion of the Bayou Bend CCS project offshore Jefferson County, Texas

Retrieved on: 
Tuesday, May 24, 2022

Equity interests in the joint venture are now 25 percent Talos, 25 percent Carbonvert, and 50 percent Chevron, and Talos is the operator.

Key Points: 
  • Equity interests in the joint venture are now 25 percent Talos, 25 percent Carbonvert, and 50 percent Chevron, and Talos is the operator.
  • We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world.
  • Carbonvert Inc. is a carbon capture and storage project development and finance company that simplifies decarbonization for industrial clients.
  • Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

Chevron, Talos and Carbonvert Announce Proposed Joint Venture Expansion to Enhance the Bayou Bend CCS Project Offshore Jefferson County, Texas

Retrieved on: 
Tuesday, May 3, 2022

In 2021, a joint venture between Talos and Carbonvert (now known as Bayou Bend CCS) was the winning bidder for the Texas General Land Offices (GLO) Jefferson County, Texas, carbon storage lease, located in state waters offshore Beaumont and Port Arthur, Texas.

Key Points: 
  • In 2021, a joint venture between Talos and Carbonvert (now known as Bayou Bend CCS) was the winning bidder for the Texas General Land Offices (GLO) Jefferson County, Texas, carbon storage lease, located in state waters offshore Beaumont and Port Arthur, Texas.
  • The Bayou Bend CCS lease is the first and only offshore lease in the U.S. dedicated to CO2 sequestration.
  • Under the terms of the MOU, Talos and Carbonvert would contribute the Bayou Bend CCS lease to an expanded joint venture including Chevron in exchange for consideration of cash at closing and capital cost carry through project FID.
  • Upon closing of the joint venture, equity interests in the joint venture would be 25 percent Talos, 25 percent Carbonvert and 50 percent Chevron, and Talos would remain the operator.

Carbon Capture Pioneers JX Nippon and 8 Rivers Capital Ally To Accelerate Decarbonization of Hydrogen and Power

Retrieved on: 
Tuesday, November 9, 2021

Cam Hosie, CEO of 8 Rivers: "Collaboration with JX is a major force multiplier for decarbonization.

Key Points: 
  • Cam Hosie, CEO of 8 Rivers: "Collaboration with JX is a major force multiplier for decarbonization.
  • About 8 Rivers Capital LLC 8 Rivers Capital, LLC is a Durham, NC-based firm leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition.
  • 8 Rivers Capital is the inventor of the Allam-Fetvedt Cycle, a paradigm-changing net zero power solution.
  • 8 Rivers is also focusing on developing and deploying technologies for clean hydrogen and ammonia (8RH2), direct air capture, retrofit carbon capture, sour gas sweetening, and other advanced energy systems.

International CCS Knowledge Centre: 92.4% Capture Rate at Petra Nova - that’s a CCS Success

Retrieved on: 
Wednesday, September 2, 2020

This is the case with the CCS facility at Petra Nova (a joint initiative by NRG & JX Nippon).

Key Points: 
  • This is the case with the CCS facility at Petra Nova (a joint initiative by NRG & JX Nippon).
  • As a matter of fact, Petra Novas capture facility is tight to its performance metrics even exceeding them in positive ways.
  • The carbon capture facility at Petra Nova doesnt report an issue with amine consumption being higher than anticipated.
  • The suspension of operations at Petra Nova means emissions are now being vented into the atmosphere while the capture plant sits idle.