US-based liquefied natural gas (LNG) development company NextDecade has announced that it plans to achieve net-zero carbon dioxide (CO2) equivalent emissions at its proposed Rio Grande LNG facility.
The company plans to achieve this by cutting current CO2 emissions by 90%.
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The US firm noted that it is exploring options to address the remaining 10% emissions in order to allow the facility to achieve carbon-neutrality.
The Rio Grande LNG project is a proposed development that will involve the construction of a natural gas liquefaction and LNG export facility in Brownsville, Texas, US.
It will have an export capacity of 27 million tonnes per annum (Mtpa).
NextDecade said it had chosen carbon capture and storage (CCS) as the most feasible technical solution to reduce CO2 equivalent emissions at the Rio Grande LNG.
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By GlobalDataThe CCS technology could allow the company to reduce emissions at the LNG facility by approximately 90%, as well as explore options for the remaining 10%.
NextDecade chairman and CEO Matt Schatzman said: “Natural gas has a critical role to play in the global energy transition to a low-carbon economy, ensuring the security of energy supplies and preserving high quality jobs in the United States and around the world.
“Our work to date confirms that reliable, competitively priced LNG and responsible environmental stewardship are not mutually exclusive. A solution that promises both is indeed eminently feasible with the thoughtful use of existing technologies and the application of our proprietary processes.”
NextDecade aims to reach a final investment decision (FID) on the proposed LNG Rio Grande LNG export project in 2021.
In May, NextDecade pushed back FID by at least a year on the proposed plant. The FID on the project was earlier proposed to be completed this year.
