G2 Net-Zero LNG and NET Power have stepped up their collaboration on a zero-emissions LNG project with a new letter of intent after the release of a pre-FEED (Front End Engineering Design) report.
G2, a venture of Chas Roemer Innovations, is a Louisiana-based company building what it claims is the world’s first liquefied natural gas export and industrial gas production complex promising net-zero carbon emissions from upstream to dockside by 2027.
The companies said in a statement, “G2’s Net-Zero LNG export facility will be the first to integrate NET Power’s Allam-Fetvedt Cycle technology which removes all carbon dioxide (CO2) emissions from the natural gas liquefaction process to achieve a unique carbon net-zero energy mix of industrial gases, electricity and LNG. The pre-FEED report is a key milestone in accelerating the project’s FEED study, which is already partially completed, with increased confidence.”
In advance of Net-Zero LNG production, G2 says it will be profitably producing and selling industrial gases including argon, nitrogen and oxygen, while capturing all CO2 emissions.
Chas Roemer, Chairman of G2 Net-Zero LNG, “On a global basis, there is an increasing demand from the energy markets for net-zero emissions projects to be up and running sooner rather than later. By employing NET Power’s Allam-Fetvedt Cycle, G2 is building new with the latest technology rather than having to bear the burden of expensive outdated technology and infrastructure. We can move more quickly than others and will be the cleanest and most profitable LNG project in the world in the next 5-6 years.”
NET Power’s Allam-Fetvedt Cycle converts natural gas into zero-emissions, cost-competitive power.
North Carolina-based NET Power - co-owned by Exelon Generation, McDermott, 8 Rivers Capital, and Oxy Low Carbon Ventures (a subsidiary of Occidental) - is a clean energy technology company that promotes, develops, and licenses a proprietary process for efficiently generating electricity from natural gas while capturing all CO2 emissions.
Ron DeGregorio, CEO and Board Member of NET Power, said, “NET Power will play a key role in the decarbonisation of the LNG industry. We are excited to support G2 Net-Zero LNG’s utilisation of our technology in this ambitious and important project.”
Angele Davis, G2 Net-Zero LNG CEO. “We’re all excited about being the first to get this essential technology applied to our LNG liquefaction project, and then getting our product into the market to realise the Net-Zero LNG vision.”