Tuesday 1 June 2021

Venture Global plans to capture CO2 at two LNG export plants

Venture Global LNG has announced plans to capture and sequester carbon at two of its liquefied natural gas (LNG) export facilities in the US.

The announcement to launch a shovel-ready carbon capture and sequestration (CCS) project, subject to regulatory approvals, follows a “comprehensive” engineering and geotechnical analysis conducted by the company.

It would compress CO2 at the Calcasieu Pass and Plaquemines LNG sites, transport and inject it deep into subsurface saline aquifers where it will be permanently stored.

Around 500,000 tons of carbon is estimated to be captured and stored every year from the two LNG facilities.

In addition, Venture Global plans using similar infrastructure to capture and sequester 500,000 tons of carbon per year from the CP2 LNG facility once permitted.

The total amount of one million tons of carbon per year is equivalent to removing nearly 200,000 cars off the road every year for 20 years.

Mike Sabel, CEO of Venture Global said: “From driving down the cost of LNG to driving down our carbon footprint, Venture Global continues to execute on our mission to constantly innovate in order to deliver the best product possible to our customers.

“Through this historic carbon capture and sequestration project, we will build upon our existing state-of-the-art technology to develop even cleaner LNG at our facilities to displace coal around the world. Our location in Louisiana uniquely positions us to pioneer the deployment of this technology due to geology that can support industrial scale injection and storage of CO2.”