Air Products to receive $253m for Texas carbon capture project
16 June 2010 22:36 [Source: ICIS news]
HOUSTON (ICIS news)--Air Products was picked to receive $253m (€205m) from the US Department of Energy (DOE) for a carbon capture and sequestration project in Port Arthur, Texas, the industrial gases firm said on Wednesday.
Air Products said the money would be used for final engineering, design, construction and operation of the project through September 2015.
Air Products would operate the project to capture carbon dioxide (CO2) from its two steam methane reformers (SMR) within the Valero Refinery in
The SMRs produce hydrogen to help make cleaner burning transportation fuels by refinery customers on Air Products'
The CO2 removal units would be designed by Air Products and use technology to be retrofitted to each SMR unit. About 1m tons/year of CO2 would be recovered, purified and delivered via the pipeline for injection into Denbury Onshore's enhanced oil recovery projects in Texas, Air Products said.
Air Products said its project was the only industrial gas company-led undertaking selected by the DOE.
The project is one of three to receive Phase 2 funding from the DOE's Office of Fossil Energy's National Energy Technology Laboratory, and to advance from the initial 12-project Phase 1 selections announced in October. The DOE was funding 66% of the $384m project, Air Products said.
($1 = €0.81)
For more on Air Products visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect
By: Brian Ford
+1 713 525 2653
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 |
Related Articles
- 17 Aug 11 14:10 Germany's Linde wins $15m US DoE grant for carbon capture project
- 15 Jul 11 14:58 American Electric holds CCS plan on ‘uncertain US climate policy'
- 24 Jun 11 21:13 Shell secures $874m from Canada for carbon capture project
- 13 Oct 10 18:57 Air Products plans 180-mile pipeline to link US Gulf hydrogen plants
- 08 Sep 10 18:59 Carbon capture technology not viable in Germany, Europe – study
- 21 Jul 10 16:57 Air Products to build gas plant for coal-chem production in China
- 19 Jul 10 16:20 Air Products to open Abu Dhabi office, focuses on Middle East
- 14 Jul 10 17:46 Germany proposes legal framework for carbon capture and storage
- 08 Jun 10 17:59 Corrected: Air Products joint venture to build hydrogen plant in Sichuan, China
- 17 Jun 10 18:36 BASF, US institute RTI to develop new CO2 capture process
- 02 Jun 10 14:34 Airgas responds to Air Products’ tender offer extension
- 01 Jun 10 23:13 US Air Products extends deadline for Airgas bid to August
- 13 May 10 22:49 Air Products continues Airgas takeover bid, nominates 3 to board
- 06 May 10 17:08 Airgas Q4 profit falls 29% to $40m on higher costs, lower sales
- 22 Apr 10 15:27 US Air Products Q2 profit rises 23% to $252m, sales up 15%
Latest News
- 19 Jun 13 08:25 US Metabolix developing biopolymers in plant tissues
- 19 Jun 13 08:19 US Rivertop commercial scales of bio glucaric acid
- 19 Jun 13 08:17 Japan's PS production decreases 1% in May
- 19 Jun 13 08:05 Indian Oil defers LAB turnaround to early July
- 19 Jun 13 07:50 Japan's PVC production increases 25% in May