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 ?xml:namespace>
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)
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