A New Carbon Connection

A New Carbon Connection

In late 2016, Texas became home to the nation’s only—and world’s largest—carbon capture project at a coal-fired power plant that emitted more CO2 than any other in the nation. This was The Big Test and hopes played high. Almost as high as the $1 billion price tag that limited retrofits to only one of four coal-fueled units. Texas-based NRG Energy tapped Japan’s Mitsubishi Heavy Industries for its promising KM CDR Process™ to be applied at a commercial scale at the company’s WA Parish power plant, later renamed Petra Nova. Long story short, while the technology performed to expectations, NRG last year was forced to mothball the facility citing low oil prices that made captured carbon for use in enhanced oil recovery operations uneconomical. Back to square one for Mitsubishi. But this time with gas. Reese Energy Consulting today is following the latest news from NextDecade and Occidental, which have inked an agreement with Mitsubishi for the design, license, and performance guarantee of its KM CDR tech at NextDecade’s planned Rio Grande LNG facility.

 

NRG Energy

NRG Energy, Inc. is a large American energy company, dual-headquartered in Princeton, New Jersey and Houston, Texas. It was formerly the wholesale arm of Northern States Power Company, which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity.

www.nrg.com

What do you think? Learn more about REC and our natural gas and LNG services at www.ReeseEnergyConsulting.com.

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Working Their Asphalt

Working Their Asphalt

The nation’s construction industry is practically giddy by the prospect of the Administration’s proposed American Jobs Plan and the $115 billion earmarked to repair pot-holed roads and highways while building shiny new ones. But it’s one heck of a hot-diggity for our friends who produce and store asphalt. For the uninitiated, asphalt is produced from a mix of aggregates and the bitumen-rich tar sands crude that’s pipelined from our Canadian neighbors to U.S. refineries for processing. You simply can’t produce asphalt without the heavy oil. Canada currently exports 3.8 MMBPD of the stuff to the U.S. Even with the death of the Keystone XL, pipeline expansions now underway will add another 950,000 BPD of capacity to keep those pavers rolling. On the storage side, Tulsa-based Blueknight Energy is poised for a giant bump should the Plan pass. The company, which last month transitioned to a pure-play operator of asphalt terminals, operates the largest independently owned network in the U.S., with 53 terminals across 26 states and more than 8.7 MMBbls of storage capacity.

What do you think? Learn more about Reese Energy Consulting at www.ReeseEnergyConsulting.com.

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Sacre Bleu

Sacre Bleu

The risks assumed by producers operating in far-flung lands are well known. But when chaos suddenly erupts, their response to the human toll goes largely unnoticed. Reese Energy Consulting today is following the latest events unfolding in Asia and Africa where French energy giant Total has been swept up in two concurrent geopolitical and humanitarian crises. The drama began Feb.11, when the Myanmar military staged a government coup resulting in the deaths of 520 and the arrest of more than 3,000. Total pays $4 million a month in taxes on its offshore natural gas operations. Half of the gas is used to generate electricity for 5 million local people. CEO Patrick Pouyanne says the company has little choice but to continue production and pay the military to protect local staff and ensure electrical power. Total has pledged $4 million to human rights associations. On Mar. 24, militants invaded a Mozambique village killing dozens near Total’s $20 billion LNG project. The company has since provided refuge for 10,000 villagers, 15+ tons of food, and has evacuated as many as 1,000 a day mainly by boat.

 

Total SE

Total is a broad energy company that produces and markets fuels, natural gas and electricity. Their 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, their ambition is to become the responsible energy major.

www.total.com

What do you think? Learn more about REC and our range of natural gas and midstream services at www.ReeseEnergyConsulting.com.

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