12 November 2009 21:31 [Source: ICIS news]
HOUSTON (ICIS news)--Dow Chemical and oil operator Denbury Onshore have signed a memorandum of understanding in which Denbury will capture carbon dioxide (CO2) from Dow’s ethylene oxide (EO) plant in Plaquemine, Louisiana, the US chemicals major said on Thursday.
The CO2 capture project is expected to be operational by mid-2011, and it should help Dow meet its goal of a 2.5% annual reduction in greenhouse gas (GHG) emissions by 2015 per pound of product, the company said.
"This agreement provides resounding proof of Dow's commitment to achieving our 2015 sustainability goals and to creating partnerships that will help identify and develop new solutions to address the challenges of energy and climate change," said Doug May, Dow’s vice president for energy and climate change.
Dow said it was examining opportunities for similar CO2 capture projects at several other company sites.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections