Bp, Linde Announce Plans To Advance Carbon Capture And Storage Project In Texas

Bp (BP.L,BP_UN.TO,BP) and Linde (LIN) announced plans to advance a major carbon capture and storage project in Texas that will enable low carbon hydrogen production at Linde's existing facilities. Upon completion, the project will capture and store CO2 from Linde's hydrogen production facilities in the greater Houston area, and potentially from its other Texas facilities, to produce low carbon hydrogen for the region. The project, expected to be operational as early as 2026, plans to store up to 15 million metric tons of CO2 per year in multiple sites.

The project will be a important step in the development of bp's low carbon business. Bp is evaluating large scale CCS and hydrogen projects for industrial clusters in the US. ?

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ford Motor is increasing the entry-level price of its electric F-150 Lightning pickup citing rising costs and supply chain issues amid increasing demand. This is the second price hike after a recent increase in August. The starting price of the 2023 model year pickup will be raised by $5,000 by October 24, reports said citing an email statement. Constellation Brands, Inc. (STZ) said it delivered another quarter of strong business performance. Beer Business achieved double-digit net sales growth for the quarter, while Wine and Spirits net sales rose 1%. The solid top-line performance of its Beer and Wine and Spirits Businesses in the first half... Tyson Foods announced its "OneTyson" plan, under which it will bring together corporate team members from three corporate locations in Illinois and South Dakota to its world headquarters in Arkansas. Team members from the corporate locations of Chicago, Downers Grove in Illinois, and Dakota Dunes area in South Dakota are expected to begin the phased relocation in early 2023 to Springdale.
Follow RTT