Nacero selects Bechtel for development of energy transition infrastructure facility in the Permian Basin
Bechtel to be engineering and construction partner for the flagship multi-billion-dollar facility
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HOUSTON, May 25, 2021 /PRNewswire/ Nacero has awarded Bechtel the Front-End Engineering and Design (FEED) contract for the first natural gas-to-gasoline manufacturing facility in the United States.
Nacero s 115,000 barrel per day plant in Penwell, Texas, near Odessa in the heart of the Permian basin, will be the first gasoline manufacturing plant in the world to incorporate carbon capture, carbon sequestration, and 100% renewable power.
Nacero Logo.
Facility entrance rendering.
The natural gas storage report from the EIA for the week ending April 23rd indicated that the amount of natural gas held in underground storage in the US rose by 15 billion cubic feet to 1,898 billion cubic feet by the end of the week, which left our gas supplies 302 billion cubic feet, or 13.7% below the 2,200 billion cubic feet that were in storage on April 23rd of last year, and 40 billion cubic feet, or 2.1% below the five-year average of 1,938 billion cubic feet of natural gas that have been in storage as of the 23rd of April in recent years..the 15 billion cubic feet that were added to US natural gas storage this week was more than the average forecast of a 9 billion cubic foot addition from an S&P Global Platts survey of analysts, but measured well below the average addition of 67 billion cubic feet of natural gas that have typically been injected into natural gas storage during the same week over the past 5 years, as well as well below the 66 billion cubic feet added to natur
Here is a review of some of Rigzone s most popular downstream-related articles from last week.
Based on page views, Rigzone’s downstream readers showed considerable interest in articles about multibillion-dollar natural gas projects: one in North America and another in Africa. Keep reading for details in this recap of some of last week’s most popular downstream-related news items.
Nacero Inc. has revealed that it plans to build a lower-carbon gasoline manufacturing facility near Odessa, Texas. The facility, which will be built in two phases, will produce the fuel from natural gas, bio-methane, and associated gas feedstocks. Construction is slated to begin later this year, and Nacero stated the facility will boast a production capacity of 100,000 barrels per day after the second phase. Moreover, the firm pointed out that it expects to employ 3,500 skilled workers at the height of Phase 1 construction and then 350 full-time operations and maintenance personnel – earning an appr
The Odessa Development Corporation and Nacero Inc have announced plans to build a $6.5 billion to $7 billion lower carbon gasoline manufacturing facility at a site in Penwell, Texas.
The Odessa Development Corporation and Nacero Inc have announced plans to build a $6.5 billion to $7 billion lower carbon gasoline manufacturing facility at a site in Penwell, Texas.
The facility will be built in two phases, with phase one producing 70,000 barrels per day of gasoline component ready for blending and phase two increasing that capacity to 100,000 barrels per day, a statement posted on Nacero’s website revealed.
The gasoline produced at the facility will contain no sulfur and will have half the lifecycle carbon footprint of traditional gasoline, according to the company, which said the gasoline will be made from a combination of natural gas, captured bio-methane, and mitigated flare gas.
Odessa Development Corporation partners with Nacero Inc. to build a multi-billion lower carbon gasoline manufacturing facility in Ector County
The $6.5-$7.0 billion project will be split into two phases to produce gasoline from natural gas in Penwell, Texas. Author: Zach Leff Updated: 4:59 PM CDT April 22, 2021
ECTOR COUNTY, Texas The Odessa Development Corporation will partner with a Houston-based Nacero Inc. to build a multi-billion dollar lower carbon gasoline manufacturing facility in Ector County. It s a natural gas to gasoline manufacturer, so there s no one else doing it in the United States, said Wesley Burnett, director of Odessa Economic Development.
The $6.5-$7.0 billion project will be split into two phases to produce Gasoline from natural gas in Penwell, Texas.