NRG Energy, Inc. (NRG), Hilcorp Energy, and JX Nippon O & G Exploration Corp. broke ground on a new project that will be the world’s largest carbon capture facility in Fort Bend.
The project is expected to be completed in 2016 and capture 90 percent of the carbon dioxide from an existing unit at the power plant.
The carbon dioxide will be compressed and piped to the West Ranch oil field which is owned by all three companies. The CO2 will be used to increase local oil production from around 500 barrels per day to 15,000 barrels per day.
According to David Crane, CEO at NRG, “Fossil fuels are essential to energizing modern civilization today and for many decades to come. The best way for us to avoid the harmful consequences of emitting carbon into the atmosphere is to turn it into a productive asset here on Earth.” NRG and JX Nippon both stated they are contributing about 300 million each to the project.