Plans have today (16th Nov) been unveiled for a carbon capture and sequestration project to be located adjacent to Freeport LNG’s natural gas pre-treatment facilities on the Gulf Coast, US – and it could be storing carbon dioxide (CO2) by late 2024.
Freeport LNG has signed a joint venture agreement with Storegga and Talos Energy for the project that will utilise the US company’s geological sequestration site, located less than half a mile from the point of capture, to permanently sequester the CO2.
To do this, Storegga will combine its end-to-end CCS project experience with Talos’ offshore operational and sub-surface expertise. Talos has will be the project manager and operator partner of the Freeport LNG CCS project (FLNG CCS).
“We are excited to announce this project with Freeport LNG, a global LNG leader. The entrepreneurial collaboration of our teams allowed for the development of a unique, stand-alone carbon sequestration solution, which provides proof of concept to our broader CCS portfolio and is complementary to our large hub-based project in Jefferson County,” said Timothy Duncan, President and CEO of Talos.
“It also illustrates the creative solutions that Talos and Storegga can offer to potential CCS project partners. We look forward to advancing this project with Freeport LNG an hope to successfully reach first injection within approximately three years, which would make this the very first active carbon sequestration project on the Gulf Coast.”
Plans for future expansion are already being assessed by the parties, due to the site being located within 25 miles of up to an addition 15 million metric tonnes per annum (mtpa) of incremental CO2 emissions from major industrial sources.
That being said, the FLNG CCS project is still subject to execution of definitive agreements.
Nick Cooper, CEO of Storegga, added, “Storegga and Talos have built a strong partnership that leverages the expertise of each company for the rapid, cost-effective delivery of CCS clusters in the US Gulf Coast region.”
“We are delighted to join Talos and Freeport LNG in the Freeport CCS project. Freeport CCS has the potential to be storing CO2 by late 2024 and to scale up materially thereafter. We expect this will be the first of several such projects from the Talos-Storegga partnership to serve the Gulf Coast industrial CO2 sources and contribute meaningfully towards net zero in the US.”
Michael Smith, Founder, Chairman and CEO of Freeport LNG, added, “Freeport LNG is pleased to collaborate with Talos, a leading independent energy producer, and Storegga on this important project.”
“As the only all-electric drive facility of its kind in the US, our liquefaction facility produces 90% less emissions than other gas turbine-drive facilities. Embarking on carbon capture and sequestration will only further reduce that carbon intensity of our facilities. We look forward to our work with Talos on this innovative CCS project.”