Freeport LNG, Talos to develop Texas Gulf Coast CCS project
Offshore staff
HOUSTON – Talos Energy Inc. and Freeport LNG Development, L.P. have executed a letter of intent to develop the Freeport LNG carbon capture and sequestration (CCS) project (FLNG CCS) on the Gulf Coast.
It is expected to be developed immediately adjacent to Freeport LNG’s natural gas pretreatment facilities near Freeport, Texas, about 60 mi (97 km) southwest of Houston.
The FLNG CCS project is still subject to execution of definitive agreements. The companies anticipate first injection could occur by the end of 2024.
Talos will be the project manager and operator and will be joined by its partner, Storegga Geotechnologies Ltd., the lead developer of the Acorn CCS project in the UK.
The FLNG CCS project is expected to use a Freeport LNG-owned geological sequestration site located less than half a mile from point of capture, with up to a 30-year injection term and will permanently sequester CO2.
Talos President and CEO Timothy S. Duncan said: “The entrepreneurial collaboration of our teams allowed for the development of a unique, stand-alone carbon sequestration solution, which provides proof of concept to our broader CCS portfolio and is complementary to our larger hub-based project in Jefferson County.”
Michael Smith, founder, chairman and CEO of Freeport LNG, 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.”
11/16/2021
