The LH CO2MENT Colorado Project, a commercial-scale carbon capture project, has received $1.5m in federal funding from the US Department of Energy’s (DOE’s) National Energy Technology Laboratory.
A project partnership between Svante, LafargeHolcim, Oxy Low Carbon Venture, a wholly owned subsidiary of Occidental and Total, the plant is designed to capture two-million tonnes of CO2 a year from the Holcim cement plat and the natural-gas fired steam generator, which would be sequestered underground permanently by Occidental.
With the successful completion of the initial scoping study in June 2020 and confirmation of DOE funding, the partnership has committed to the next project phase to evaluate the feasibility of the facility.
Richard Jackson, Oxy Low Carbon Ventures’ President, said, “Oxy Low Carbon Ventures is leveraging Occidental’s 40 years of experience in securely storing CO2 in geological formations to advance permanent sequestration as a solution that supports global emissions reduction efforts through carbon retirement.”
“This partnership is a powerful example of how cross-industry collaboration can help progress carbon capture, utilisation and storage projects that will be critical to accelerating the transition to a low-carbon world.”
Jamie Gentoso, CEO of US Cement of Lafarge Holcim, said, “We have been very vocal about the importance we place on finding and accelerating global solutions to reduce our carbon footprint.”
“Effective and efficient large-scale carbon capture technology will be a profound advancement for many industries. This US DOE grant is a significant step in advancing this first-of-its-kind, large-scale technology and we’re proud to partner with Svante, Oxy Low Carbon Ventures and Total to bring it to life.”