Restart of the large-scale Petra Nova Carbon Capture Facility
The Petra Nova CCUS Project scheme // JX Nippon
November 16, 2023
BY JX Nippon Oil & Gas Exploration Corporation
JX Nippon Oil & Gas Exploration Corporation has announced that the Carbon Capture Facility of the Petra Nova CCUS (Note 1) Project, owned by Petra Nova Parish Holdings LLC, a consolidated subsidiary of JX Nippon Oil & Gas Exploration Corporation ("JX Nippon”) (CEO: Toshiya Nakahara), which had been shut down since May 2020, restarted operations on September 5, 2023（local time).
The Petra Nova CCUS Project, which captures CO2 from the flue gas of a thermal power plant and injects the captured CO2 into an oil field to increase in crude oil production. The Carbon Capture Facility of this project, is one of the largest carbon capture facilities in the world, can capture greenhouse gas (CO2) approximately 1.4 million metric tons per year. Last September, in order to further expand our knowledge of CCUS technology, we acquired an additional 50% interest in Petra Nova Parish Holdings LLC, making it a consolidated subsidiary.
The ENEOS group to which JX Nippon belong is taking on the challenge of achieving both “a stable supply of energy and materials” and “the realization of a carbon-neutral society” and has been working to achieve carbon neutrality of its emissions by FY2040.
Advertisement
We consider CCS (Note 2) /CCUS to be an effective means to achieve carbon neutrality. We believe that JX Nippon’s accumulated knowledge and technology in this field, including through the Petra Nova CCUS project, is crucial to achieving ENEOS group’s commitment to “the realization of a carbonneutral society” and we will continue our efforts to advance our CCS/CCUS business.
Advertisement
Related Stories
Leading Danish district heating companies Sønderborg Varme and Thisted Varmeforsyning have signed a collaboration agreement with Carbon Clean to engage and collaborate in applying for a subsidy from the Danish Energy Agency’s CCS Fund. The partnership will allow Carbon Clean to explore opportunities to deploy its carbon capture technology in Denmark.
EFM and Meta have finalized a groundbreaking long-term contract for the delivery of 676,000 nature-based carbon removal credits through 2035. The deal will support the transition of 68,000 acres of forestland to climate-smart management on Washington’s Olympic Peninsula, with the goal of removing more than one million tons of carbon emissions over the next decade.
Stockholm Exergi announced its decision to build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. The investment amounts to SEK 13 billion. Construction will begin immediately, with the goal of having the facility operational in 2028.
The expansion of Northern Lights will increase the transport and storage capacity from 1.5 million to a minimum of 5 million tons of CO2 per year, enabling further reduction and removal of European industrial CO2 emissions.
The CCS fund for carbon capture and storage is DKK 28.7 billion, and a maximum of 10 companies can participate. To apply for funding, applicants must first be prequalified. 16 companies have applied, and the Danish Energy Agency will now assess the applications in order to select 10 companies.
Upcoming Events
