Skip to main content

World’s biggest carbon capture plant quietly sold off for a fraction of what it cost to build it

 Occidental Petroleum quietly sold off a carbon capture facility – the world’s largest — that was built into a natural gas processing plant in Texas, according to a Bloomberg Green investigation.

The plant, called Century, never operated at more than a third of its capacity since it was built in 2010. According to statements the company made to Bloomberg Green, the technology worked, and the facility continues to operate as designed.


The economics of Century weren’t good because of limited amounts of natural gas coming from a nearby field, according to the report, and as a result, the plant fell into disuse before its divestment. It was sold off for a fraction of the cost to build it.


Total carbon capture capacity globally is approximately 45 million tons of carbon dioxide per year, which is about 4% of what’s needed to be operational by 2030 in order to reach the International Energy Agency’s net zero targets by 2050.


Occidental is one of the biggest investors in carbon capture and storage. It operates a billion-dollar complex called Stratos about 100 miles from Century. The Stratos facility uses direct air capture, which sucks carbon dioxide from the air to be stored underground. The company intends to build 100 plants just like it, Bloomberg Green reports.

https://justthenews.com/politics-policy/energy/worlds-biggest-carbon-capture-plant-quietly-sold-fraction-what-it-cost-build

Comments

Post a Comment

Popular posts from this blog

Fauci Files Reveal Pfizer Helped Biden Rig 2020 Election

 Pfizer secretly colluded with Joe Biden's team to help him rig the 2020 election against Trump, according to new Fauci documents. In his new book, "On Call," Fauci admits that Albert Bourla, the CEO of Pfizer, called him the night after Biden was declared the winner of the election, to inform him of Pfizer's "Game-changing results" from the rigged mRNA trial. "On November 7, after the absentee ballots were counted, Joe Biden was declared the winner of the presidential election. It was the very next night that Albert Bourla, Pfizer's CEO, called me away from my neighbors' fire pit to inform me about the game-changing results from the Pfizer mRNA vaccine trial. I finally thought we had truly turned a corner in defeating this terrible disease." Today reports: In another interesting tidbit, Fauci discusses Trump's FDA Commissioner Stephen Hahn declaring that he would not go along with the Trump Administration's plan to roll out the vac...
Post a Comment
Read more

WEF Orders Govt's To Declare Martial Law Due To 'Imminent Bird Flu Pandemic' About To Sweep Globe

 The World Economic Forum has ordered world governments to make the necessary preparations to declare martial law due to an 'imminent bird flu pandemic' which they say is '100 times worse' than COVID-19. According to WEF scientists, the coming bird flu pandemic will kill at least 50% of those it infects. Infowars.com reports: Cattle in six different U.S. states have been diagnosed with this new bird flu strain. GOP Rep. Thomas Massie of Kentucky shared a screenshot of a February 2024 Daily Mail article with the headline, "REVEALED: US is collaborating with Chinese scientists to make bird flu strains more infectious and deadly as part of $1m project - despite fears similar tests unleashed Covid." "Where have we seen this before? U.S. collaborates with China to make bird flu more contagious and transmissible to mammals. bird flu now discovered in U.S. dairy cattle, transmitted to at least one human being. Knock it off already!" Massie wrote. Secretive ...
Post a Comment
Read more

FDA & U.S. Postal Service Linked to Black Market Abortion Pill Cartels.

 Mexico-based drug cartels facilitating an increase in unauthorized, self-conducted abortions in the United States continue unimpeded partly due to insufficient regulation by the Food and Drug Administration and the United States Postal Service, according to a report by the American Life League. Katie Brown, ALL's national director, criticizes the FDA and USPS for failing to adequately regulate the distribution and screening of abortion-inducing drugs like Mifepristone and Misoprostol. Subscribe here The report, titled Beneath the Surface: Exposing the Abortion Pill Drug Cartel, highlights the operations of Las Libres, a Mexico-based organization that advocates for universal abortion access. It promotes the distribution of abortion pills through online networks, reaching women and girls across the U.S., often sending the drugs via USPS. RISKS. ALL emphasizes that these pills frequently come from unregulated sources, heightening the risks of additional harmful substances being prese...
Post a Comment
Read more