Commonwealth LNG has entered into a memorandum of understanding with OnStream CO2 LLC for a carbon capture and storage solution at Commonwealth’s 9.3 million ton-per-year LNG facility under development in Cameron, reports LNG Industry.
Under the agreement, OnStream CO2 will design, construct, own and operate CO2 capture equipment near the Commonwealth LNG site. The captured carbon will be permanently sequestered at the Cameron Parish CO2 Hub. Commonwealth will dedicate CO2 emitted from the LNG facility for a 20-year term.
The Carbonvert-Castex joint venture recently announced an operating agreement with the State of Louisiana to develop a 24 000-acre tract of land offshore Cameron Parish, where it will permanently store carbon. Read more.