Study targets feasibility of capturing CO2 from
LafargeHolcim cement plant for storage by Occidental
Regulatory News:
Svante Inc., LafargeHolcim, Oxy Low Carbon Ventures, LLC (OLCV),
a wholly-owned subsidiary of Occidental, and Total (Paris:FP)
(LSE:TTA) (NYSE:TOT) today announced a joint study to assess the
viability and design of a commercial-scale carbon-capture facility
at the Holcim Portland Cement Plant in Florence, Colorado, U.S.
The study will evaluate the cost of the facility designed to
capture up to 725,000 tonnes of carbon dioxide per year directly
from the LafargeHolcim cement plant, which would be sequestered
underground permanently by Occidental.
“OLCV is dedicated to advancing low-carbon solutions that will
enhance Occidental's business while reducing emissions," OLCV
President Richard Jackson said. “Participating in this study aligns
with our goals of finding an economical pathway toward large-scale
application of carbon-capture technologies to reduce
emissions.”
The carbon-capture facility under review will employ Svante’s
technology to capture carbon directly from industrial sources at
half the capital cost of existing solutions. Occidental, the
industry leader in CO2 management and storage, would sequester the
captured CO2. Pairing carbon capture from a cement plant with CO2
sequestration is a significant step forward for the cement industry
in reducing its carbon footprint.
“Being at the forefront of the low-carbon transition requires
continuous innovation and partnerships,” LafargeHolcim CEO Jan
Jenisch said. “LafargeHolcim has significantly invested in the
development of low-carbon solutions. Collaborating with Svante,
OLCV and Total, we expect to realize a successful U.S.
carbon-capture project in the near future.”
“Svante’s capital cost advantage, combined with progressive tax
credit policies such as the 45Q tax credit in the U.S., can make
carbon capture profitable across a range of large-scale industrial
applications like cement,” said Claude Letourneau, president and
CEO of Svante Inc.
“Total has slated 10% of its annual R&D budget to make
significant advances in Carbon Capture, Utilization and Storage
(CCUS) technology, a key technology to curb worldwide CO2
emissions. Our investment in this joint study is directly aligned
with our strategy. The learnings from this study will help us
pursue our commitment to the commercial development of CCUS,” said
Marie-Noëlle Semeria, Senior Vice President, Group CTO at
Total.
This joint initiative follows the recently-launched Project
CO2MENT between Svante, LafargeHolcim and Total in Canada at the
Lafarge Richmond cement plant, where progress has been made towards
re-injecting captured CO2 into concrete.
###
About TotalTotal is a major energy player that produces
and markets fuels, natural gas and low-carbon electricity. Our
100,000 employees are committed to better energy that is safer,
more affordable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to
become the responsible energy major. www.total.com
About Oxy Low Carbon VenturesOxy Low Carbon Ventures, LLC
(OLCV) is a subsidiary of Occidental, an international oil and gas
exploration and production company with operations in the United
States, Middle East and Latin America. OLCV is focused on advancing
leading-edge, low-carbon technologies and business solutions that
economically grow our business while reducing emissions. OLCV also
invests in the development of low-carbon fuels and products, as
well as sequestration services to support carbon capture projects
globally.
Cautionary Statement Regarding
Forward-Looking StatementsAny statements in this release
relating to expectations, beliefs, plans or forecasts, including
any statements relating to the success, capability or scalability
of the project, that are not historical facts are forward-looking
statements. These statements are typically identified by words such
as “potential,” “will,” “would,” “should,” “may,” “plan,”
“believe,” “expect,” “designed to,” or similar expressions that
convey the prospective nature of events or outcomes. Actual
results, including those related to project plans and timing and
the impact and results of new technologies, including emission
reductions, could vary from anticipated results. Factors that could
cause actual results to differ include, but are not limited to:
global commodity pricing fluctuations; supply and demand
considerations for carbon capture and sequestration technologies;
the competitiveness of alternative energy sources or product
substitutes; higher-than-expected costs; the regulatory
environment; availability of funding, personnel and materials;
litigation; actions by third parties; failures in risk management;
and changes in laws, regulations or tax rates. Material risks that
may affect the results of Occidental and its subsidiaries appear in
Part I, Item 1A “Risk Factors” of Occidental’s Annual Report on
Form 10-K for the year ended December 31, 2018, and in Occidental’s
other filings with the SEC.
About LafargeHolcimLafargeHolcim is the global leader in
building materials and solutions. We are active in four business
segments: cement, aggregates, ready-mix concrete and solutions
& products. With leading positions in all regions of the world
and a balanced portfolio between developing and mature markets,
LafargeHolcim offers a broad range of high-quality building
materials and solutions. LafargeHolcim experts solve the challenges
that customers face around the world, whether they are building
individual homes or major infrastructure projects. Demand for
LafargeHolcim materials and solutions is driven by global
population growth, urbanization, improved living standards and
sustainable construction. Around 75,000 people work for the company
in around 80 countries.
About SvanteSvante offers companies in
emissions-intensive industries a commercially viable way to capture
large-scale CO2 emissions from existing infrastructure, either for
safe storage or to be recycled for further industrial use in a
closed loop. With the ability to capture CO2 directly from
industrial sources at less than half the capital cost of existing
solutions, Svante makes industrial-scale carbon capture a reality.
Svante’s Board of Directors includes Nobel Laureate and former
Secretary of Energy, Steven Chu; former Airbus Group’s Chief
Technical Officer Jean Botti; and Steven Berkenfeld, former Head of
Industrial & Cleantech Practice at Barclays Capital. To learn
more about Svante’s technology, click here or visit Svante’s
website. You can also connect with us on LinkedIn or Twitter
@svantesolutions.
Cautionary NoteThis press release, from which no legal
consequences may be drawn, is for information purposes only. The
entities in which TOTAL S.A. directly or indirectly owns
investments are separate legal entities. TOTAL S.A. has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for
convenience. Likewise, the words “we”, “us” and “our” may also be
used to refer to subsidiaries in general or to those who work for
them.This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL S.A. nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200106005563/en/
SvanteJulia McKenna
(Investors)jmckenna@svanteinc.com+1 (778) 985 5722
Martin Cej (Media)mcej@longviewcomms.ca+1 (587) 319
2828
Oxy Low Carbon VenturesJeff Alvarez
(Investors)jeff_alvarez@oxy.com+1 (713) 215 7864
Helen Rhymes (Media)helen_rhymes@oxy.com+1 (713) 840-3019
LafargeHolcimLafargeHolcim Group Media
Relations+41 (0) 58 858 87 10
Jocelyn GerstJocelyn.Gerst@lafargeholcim.com+1 (773) 355
4701
TotalMedia Relations:presse@total.com l +33 1 47
44 46 99
Investor Relations:ir@total.com l +44 (0)207 719 79
62
TotalEnergies (EU:TTE)
過去 株価チャート
から 3 2024 まで 4 2024
TotalEnergies (EU:TTE)
過去 株価チャート
から 4 2023 まで 4 2024