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CARBON CAPTURE: Oil and gas companies announce 2 large CCS projects

CARBON CAPTURE: Oil and gas companies announce 2 large CCS projects
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Valero and BlackRock team on industrial scale carbon capture pipeline system : Biofuels Digest

In Texas, Valero Energy Corporation and BlackRock Global Energy & Power Infrastructure Fund III are partnering with Navigator Energy Services to develop an industrial scale carbon capture pipeline system. The initial phase is expected to span more than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability of permanently storing up to 5 million metric tons of carbon dioxide per year. Pending third party customer feedback, the system could be expanded to transport and sequester up to 8 million metric tons of carbon dioxide per year. Valero, the largest renewable fuels producer in North America, is expected to become an anchor shipper by securing a majority of the initial available system capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024. In the coming months, Navigator will seek additional commitments to utilize the remaining capacity via a

Valero Energy and BlackRock Partner for Industrial Scale Carbon Capture System

Valero Energy and BlackRock Partner for Industrial Scale Carbon Capture System (Credit: Pixabay) Valero Energy and BlackRock Global Energy & Power Infrastructure Fund III have announced that they are partnering with Navigator Energy Services to develop an industrial scale carbon capture pipeline system (CCS). The initial phase is expected to span more than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability of permanently storing up to 5 million metric tonnes of carbon dioxide per year. Pending third party customer feedback, the system could be expanded to transport and sequester up to 8 million metric tonnes of carbon dioxide per year. Valero is expected to become an anchor shipper by securing a majority of the initial available system capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024. In the coming months, Navigator will seek addit

Valero, BlackRock Partner with Navigator in Large-Scale Carbon Capture and Storage Project

March 17, 2021News Valero Energy Corp. and BlackRock Global Energy & Power Infrastructure Fund III announced March 16 that they are partnering with Navigator Energy Services to develop an industrial scale carbon capture pipeline system (CCS). The initial phase is expected to span more than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability of permanently storing up to 5 million metric tonnes of carbon dioxide per year. Pending third-party customer feedback, the system could be expanded to transport and sequester up to 8 million metric tonnes of carbon dioxide per year. / Advertisement / Valero, one of the largest renewable fuels producer in North America, is expected to become an anchor shipper by securing a majority of the initial available system capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024. In the coming months, Navig

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