Commonwealth LNG partners with OnStream CO2 for CCS solution
US LNG developer Commonwealth LNG November 28 announced a partnership with OnStream CO2 to implement a carbon capture and storage (CCS) solution at its 9.3mn tonnes/year LNG facility currently under development in Cameron Parish, Louisiana.
Under the agreement, OnStream CO2, a joint venture between Carbonvert and Castex Carbon Solutions, will design, construct, own, and operate CO2 capture equipment near the Commonwealth LNG site. The captured CO2 will be permanently sequestered at the Cameron Parish CO2 hub. Commonwealth LNG will dedicate CO2 emitted from the LNG facility for a 20-year term.
“Adding carbon capture technology complements our comprehensive goal of achieving best-in-class environmental standards through measures that also include a focus on responsibly sourced gas and the installation of the highest efficiency gas turbines,” said Commonwealth LNG CEO Paul Varello.
The Carbonvert-Castex joint venture recently secured an operating agreement with the State of Louisiana to develop a 24,000-acre tract of land offshore Cameron Parish, where it will permanently store CO2 in a hub with capacity for more than 250mn tonnes. Castex will serve as the operator for the Cameron Parish CO2 hub.
Commonwealth LNG anticipates a final investment decision on its LNG project in the first half of 2024, with first cargo deliveries expected in 2027.