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NET Power will integrate carbon capture technology at the facility in Texas, which is expected to be online in 2026
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Texas Pacific Land (TPL) Corporation and Milestone Carbon will evaluate the geological and geophysical characteristics of certain acreage owned by TPL for the purposes of sequestering carbon dioxide
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The goal applies to the company’s Scope 1 and 2 emissions and builds on its 2030 emissions reduction plans, which include net zero emissions from Permian Basin operations
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The oil and gas company is looking to implement low carbon technologies in its operations to achieve the reduction in emissions
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The energy giant has teamed up with Danish renewable energy firm Ørsted to source the clean power
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It is the UK energy giant’s largest deal in almost 20 years
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GlobalData says this is partly enabled by companies drilling much longer sideways wells
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