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Venture Global Launches Carbon Capture and Sequestration Project ARLINGTON, Va., May 27, 2021 /PRNewswire/ Today, Venture Global LNG announced plans to capture and sequester carbon at its Calcasieu Pass and Plaquemines LNG facilities. Having concluded a comprehensive engineering and geotechnical analysis, the company is launching, subject only to regulatory approvals, a shovel-ready carbon capture and sequestration (CCS) project, compressing CO2 at its sites and then transporting the CO2 and injecting it deep into subsurface saline aquifers where it will be permanently stored. Through this undertaking, Venture Global will capture and sequester an estimated 500,000 tons of carbon per year from its Calcasieu Pass and Plaquemines liquefaction sites. In addition, the Company anticipates using similar infrastructure to capture and sequester 500,000 tons of carbon per year from the CP2 LNG facility once permitted. Altogether, Venture Global plans to sequester 1 million tons of ....
By Reuters Staff 2 Min Read (Reuters) - U.S. liquefied natural gas company Venture Global LNG said Thursday it plans to capture and sequester carbon at its Calcasieu Pass and Plaquemines export plants in Louisiana. REUTERS/Vasily Fedosenko This is part of a growing trend among energy firms to reduce greenhouse gas emissions to meet increased customer and government demand for cleaner energy to reduce damage caused by global warming. Venture Global said in a release it was launching a carbon capture and sequestration (CCS) project that would compress carbon dioxide (CO2) at its sites and transport the gas to be permanently stored in subsurface saline aquifers. ....
China approves Goldman Sachs, ICBC joint wealth management venture Toggle share menu Advertisement China approves Goldman Sachs, ICBC joint wealth management venture FILE PHOTO: The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. REUTERS/Florence Lo 25 May 2021 06:05PM (Updated: 25 May 2021 06:07PM) Share this content Bookmark BEIJING: China s largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesday (May 25) its unit had received approval to set up a foreign-controlled wealth management firm with Goldman Sachs Asset Management. The unit of US banking giant Goldman Sachs will offer a 51 per cent funding contribution ratio, while the wealth management unit of ICBC will offer 49 per cent, the Chinese bank said in a exchange filing. ....
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