The Carbon Corner - Issue #9
The Carbon Corner - Issue #9Welcome to our ninth edition of The Carbon Corner! As always, we are excited to bring you this week’s newest topics and happenings. This week’s focus is on Oxy’s major joint venture announcement with King Ranch, a blockbuster DAC initiative that would represent the single largest domestic DAC project announced to date.
Oxy and King Ranch Team Up on Massive Carbon Capture Project
Occidental Petroleum (OXY) and their affiliate 1PointFive are planning a massive deployment of DAC facilities on the King Ranch in South Texas. The arrangement would allow for as much as 30 million tonnes per year of storage and over 3 billion tonnes of pore space to accommodate permanent sequestration. The scale of the project is unprecedented, as the injection capacity alone is about 60% of the US total alone today. Other notable items about the announcement are that the injection will occur on the King Ranch, within a 106,000-acre surface area. This Ranch is known for prolific oil and gas developments. Ownership of surface and mineral interests are consolidated on the ranch, which had to be considered for Oxy in site selection. Common ownership removes the possibility of fractious disagreement between surface owners (who control the pore space) and mineral owners who profit from hydrocarbon extraction. We believe this is a driving consideration behind projects being pursued on State lands.
Schlumberger and Linde Team up on CCSSLB and Linde have partnered to collaborate on carbon capture and sequestration projects. Sanjiv Lamba, CEO of Linde, has said, “Carbon capture and storage will be a key lever for tackling global warming. We are committed to helping customers cost-effectively decarbonize their operations. With SLB, we can offer technology-driven solutions—from the execution of complex EPC projects through to ensuring reliable and safe long-term storage.“ Linde is a major player in liquefaction equipment needed in CCS operations.
$650 BN Allocated to Low-Carbon ConstructionNew actions under the Federal Buy Clean Task Force were recently announced. This program was created to support low-carbon materials and American jobs. At the Cleveland-Cliffs Direct Reduction steel plant in Ohio, a group of representatives stated that the main priority is covering the purchase of low-carbon building materials. Specifically, a $650 billion annual purchasing power has been granted to promote this initiative. The task force includes representatives from the Departments of Commerce (DOC), Defense (DOD), Energy (DOE), Homeland Security (DHS), Housing and Urban Development (HUD), Health and Human Services (DHHS), Interior (DOI), State (DOS), and Transportation (DOT), the EPA, the GSA, the National Aeronautics and Space Administration (NASA), the Veterans Administration (VA), the White House Office of Management and Budget (OMB), and the White House Domestic Climate Policy Council (DCPC).
Draft of Clean Hydrogen Production StandardsThe U.S. Department of Energy (DOE) published a draft for guidance on Clean Hydrogen Production Standards. A draft section included an area where hydrogen industry stakeholders could provide feedback. This bill covers various items, from definitions to funding and project types. An extensive summary of these items can be found using the link below!
That’s it for this week’s edition! Please find out more about us below or contact us at info@schaperintl.com Schaper Energy is an energy consulting firm based in Houston, Texas. |
Schaper Energy Consulting
Sign up for The Carbon Corner below!
Strides toward carbon neutrality are being made through innovative projects and collaborative agreements. From the construction of the pioneering Porthos carbon capture and storage system in Rotterdam to the groundbreaking research at the University of Queensland on carbon-negative generators, initiatives are underway to combat climate change. Join us as we delve into the stories that are shaping the future of carbon capture! Groundbreaking Porthos Project: Revolutionizing Carbon Capture and...
In this week's edition of The Carbon Corner, we delve into a series of groundbreaking initiatives propelling advancements in carbon capture technology. From notable partnerships such as Chevron and ION Clean Energy to collaborative efforts led by companies like Rolls-Royce, ASCO, and Landmark Power Holdings, these endeavors represent significant progress toward cleaner power generation and achieving carbon neutrality. Furthermore, the ongoing support from the Department of Energy for...
In today's eco-conscious landscape, industries are embracing innovative solutions to combat climate change and reduce carbon footprints. From energy giants like Rocky Mountain Power implementing carbon capture technology in their coal facilities to toy manufacturing titan Lego doubling down on sustainability investments, businesses worldwide are taking significant steps towards a greener future. Similarly, initiatives like Viridor's carbon capture project at its Runcorn Energy Recovery...