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
MTD Products Inc. is recalling 1,774 units of walk-behind self-propelled lawn mowers for potential risk of fire hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the lawn mower can leak fuel when it is stored in the upright (vertical) storage position to pose a fire hazard. Nike Inc. announced its plans to exit the Russian market completely following Russia's ongoing war against Ukraine, reports said. The sportswear major, with more than 100 stores in the country, had suspended operations there in March. Earlier in March, while suspending operations temporarily, the company had said its customers that it couldn't guarantee product shipments. The U.S. Food and Drug Administration unveiled its action plan to advance drug development for rare neurodegenerative diseases, including Amyotrophic Lateral Sclerosis or ALS, in five years. The FDA plans specific actions such as regulatory science initiatives, enhancements to existing programs and new policy initiatives for the purpose. It will use public-private partnerships...
Follow RTT