CORMETECH Inc. and Ozona CCS LLC have agreed to collaboratively design, construct and operate a full-scale carbon capture and sequestration system. (Source: Shutterstock)
Carbon capture manufacturer CORMETECH Inc. and Ozona CCS LLC have agreed to collaboratively design, construct and operate a full-scale carbon capture and sequestration (CCUS) system, the companies said in a June 18 press release.
The system includes integrated nitrogen oxide reduction and aims to capture, transport and sequester CO2 from flue gas, which is generated from natural-gas powered engines.
The project is expected to be operational by the end of 2025 and is set to be “one of the first full-scale systems to profitably capture and sequester CO2 from flue gas in the U.S.,” the release stated.
The collaboration will use CORMETECH’s next generation modular absorber technology, which the company said lowers the cost of CO2 capture compared to traditional liquid amine systems.
Recommended Reading
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
2024-09-20 - After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Private Producers Find Dry Powder to Reload
2024-09-04 - An E&P consolidation trend took out many of the biggest private producers inside of two years, but banks, private equity and other lenders are ready to fund a new crop of self-starters in oil and gas.
Utica Oil E&P Infinity Natural Resources Latest to File for IPO
2024-10-05 - Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.