In the midst of the clean energy race, companies appear to have found Louisiana’s geological makeup ideal for pursuing sustainable large-scale carbon capture and sequestration, reports Site Selection magazine.
In turn they’re investing billions in the process. Ascension Parish is one region that knows clean energy production. Its position along the Mississippi River provides industry with an abundant water supply, robust transportation infrastructure and access to both low-cost natural gas supply and the world’s largest hydrogen pipeline.
Since 2019, this region has secured $6.6 billion in new investment or expansions from Methanex, Chevron Renewable Energy Group and Air Products, whose projects are set to reach completion by the end of 2023. In 2022, $11.5 billion in potential investment was announced within the parish, though final investment decisions are still to come for these projects.
These pending decisions come from CF Industries and Japan-based Mitsui & Co., as well as Clean Hydrogen Works (in partnership with Denbury Carbon Solutions and Hafnia) for new blue ammonia facilities. Nutrien intends to build the world’s largest low-carbon ammonia plant. Read the entire story.
