17 December 2009 17:21 [Source: ICIS news]
TORONTO (ICIS news)--Air Products is moving forward with a carbon dioxide (CO2) capture project at a refinery in Port Arthur, Texas, the US-based industrial gases major said on Thursday.
The captured CO2 would be supplied via pipeline for enhanced oil recovery in ?xml:namespace>
Air Products said it signed a cooperative agreement with the US Department of Energy (DOE) to begin phase one of a potential two-phase project to design and construct a state-of-the-art system to capture CO2 from its steam methane reformers at the refinery.
The DOE is helping to fund phase one with $901,874 (€622,293) from a $1.4bn carbon capture and storage (CCS) programme under the American Recovery and Reinvestment Act.
The project could receive more funding next year, Air Products added.
According to DOE information, the project could deliver over 1m tonnes/year of CO2 via pipeline for sequestration into the Oyster Bayou oilfield in Texas for enhanced oil recovery.
US Energy Secretary Steven Chu said in October he believed that carbon capture and storage could be commercially viable within ten years, but reaching that goal would require major effort by global governments and industry.
However, some experts have doubted if such projects can ever be practical or cost-effective.
($1 = €0.69)
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