US-based Talos Energy and Freeport LNG Development are planning to develop a carbon capture and sequestration (CCS) project on the US Gulf Coast.
The project, which will be named the Freeport LNG CCS project (FLNG CCS), will be located adjacent to Freeport LNG’s natural gas pre-treatment facilities located near Freeport, Texas, on the Gulf Coast.
The site is situated within 40km of an industrial cluster, which could provide additional CO₂ emissions of up to 15 million tonnes per year. This provides scope for potential expansion for the CCS project.
Talos, in partnership with Storegga Geotechnologies, will serve as manager and operator of the project, which is planned to enter service by the end of 2024.
Storegga CEO Nick Cooper said: “Storegga and Talos have built a strong partnership that leverages the expertise of each company for the rapid, cost-effective delivery of CCS clusters in the US Gulf Coast region.”
Freeport LNG said that the CCS project will make use of its geological sequestration site located less than half a mile from the point of capture.
The FLNG CCS project is contingent on signing definitive agreements.
Freeport LNG founder, chairman and CEO Michael Smith said: “As the only all-electric drive facility of its kind in the US, our liquefaction facility produces 90% less emissions than other gas turbine-driven facilities.
“Embarking on carbon capture and sequestration will only further reduce the carbon intensity of our facilities. We look forward to our work with Talos on this innovative CCS project.”
Freeport LNG Development owns and operates an LNG export facility on Quintana Island near Freeport.
The firm is currently in the process of capacity expansion at the facility to more than 20Mtpa by adding a fourth train.
Recently, GIP has agreed to sell a 25.7% stake in Freeport LNG to JERA Americas for $2.5bn.