Agreements finalised for carbon capture facility at natural gas power plant


Agreements have today been finalised for a large-scale carbon capture facility to be integrated at a natural gas power plant.

Starwood Energy Group Global has finalised the agreements with OGCI Climate Investments and will now co-invest in the initial development of the project which will use commercially available CO2 capture technology.

The project is expected to capture 90% of the CO2 emissions for the facility which will then be used in enhanced oil recovery and permanently sequestered in an existing oil field.

“We believe that the deployment of large-scale carbon for enhanced oil recovery is a unique opportunity to further enhance the value of critical power infrastructure, enabled by historically low natural gas prices and incentives for carbon sequestration,” said Himanshu Saxena, CEO of Starwood.

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