Inspenet, August 2, 2023.
The US Department of Energy has chosen a consortium led by Repsol to carry out a carbon capture and storage project off the Louisiana coast.
In December, the Spanish oil company established an alliance with Crescent Midstream, Cox Operating and Carbon Zero US with the objective of developing a demonstrator that evaluates the feasibility of transport and permanent storage of CO 2 on a large commercial scale. It is estimated that the project will have the capacity to contain up to 300 million tons of CO 2 .
It will take advantage of some of the assets of Cox, a company that owns more than 600 wells distributed in 66 fields in the Gulf of Mexico .
Last year, Crescent Midstream completed the preliminary engineering and design of a CO 2 pipeline system that will run from Geismar to Grand Isle, where the storage facility will be located.
The Department of Energy is supporting this initiative, officially called the “Louisiana Offshore CO 2 Hub”, through its CarbonSAFE program.
CarbonSAFE was established to encourage projects that address the technical challenges associated with capturing CO 2 from power plants, other industries, or directly from the atmosphere, as well as increasing the number of storage sites moving toward commercial operation.
Other Repsol projects
In addition to its storage developments in Spain, the United Kingdom, Brazil and Indonesia, Repsol has also started, together with the Chinese oil company Sinopec through its Brazilian alliance, a CO capture project2 with the aim of using it later in the production of green hydrocarbons, that is, chemical compounds produced without greenhouse gas emissions. greenhouse effect.
In addition to the project underway at Petronor, Repsol has an ambitious plan to create a new eco-fuel plant. In this plant, they will use state-of-the-art technology and CO 2 captured at the nearby refinery, which represents a significant technological challenge. The Repsol Technology Lab research center, based in Móstoles, will lead this innovative project.
The objective is to combine green hydrogen, which is produced from renewable sources and generates 100% clean energy, with CO 2 as a raw material in the process. This would place Repsol at the forefront of the development of fuels with net zero emissions.
On the other hand, Repsol also stands out for its pioneering CO 2 storage project at the Sakakemang deposit, located in Indonesia. This project is expected to begin operations this year and will have a volume of reserves of 2 trillion cubic feet of gas .
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