Pass the Corn

Pass the Corn

A few short years ago, the concept of building large-scale carbon capture infrastructure in the U.S. was largely deemed too cost-prohibitive to jump from paper to online operation in any amount of time that would make such projects economical. Houston-based Occidental arguably was among the first producers to jump on the CCS bandwagon after years of injecting carbon to enhance its oil production. The company has since made decarbonization technologies a focal point of its business to include LNG applications. Exxon Mobil last week shelled out $15 million for 541,000 acres in the GOM to build a $100 billion CCS project to collect emissions from Gulf Coast refineries and petrochem plants then bury them under the seabed. Now, eyes are on Iowa. Reese Energy Consulting today is following the latest news on one of two large CCS projects there starting to show legs. With 44 biorefineries, Iowa is ground zero for ethanol, producing an annual 4.1 billion gallons from 1.3 million bushels of corn. Summit Carbon Solutions plans to build the world’s largest CCS network in Iowa, which will span five states and feature a new 2,000-mile pipeline with emissions permanently interred underground in N.D. The $4.5 billion system is slated to go online in 2024 and expected to reduce emissions equal to taking 2.6 million cars off the road every year.

What do you think? Learn more about REC at www.ReeseEnergyConsulting.com.

Summit Caron Solutions

Summit Carbon Solutions connects industrial emitters via strategic infrastructure to safely and permanently store carbon dioxide.

www.summitcarbonsolutions.com

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The Number Today: 50,000,000

The Number Today: 50,000,000

The world’s top crude oil consumers are set to release supplies from their country’s strategic petroleum reserves to try and quell rising prices amid global energy shortages and increasing inflation. But is this combined effort nothing more than smoke and mirrors? Join Steve Reese tonight at 6 pm on Okla. City’s KOCO TV channel 5 to hear what he thinks about the latest moves from the U.S., India, Japan, China, South Korea, and the U.K. to put more barrels on the market and how OPEC+ could respond.

Learn more about Steve and Reese Energy Consulting at www.ReeseEnergyConsulting.com.

Reese Energy Consulting

Reese Energy Consulting (REC) works with independent oil and gas producers, midstream firms, LNG companies, and end-users across all major producing basins and markets in the U.S. They offer a diverse range of energy expertise, experience and services throughout every phase of upstream, midstream and downstream processes to help their clients maximize their capital investments and commodity value chain.

reeseenergyconsulting.com

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