Page 16 - NorthAmOil Week 13 2021

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NEXT Carbon Solutions, is developing one of NextDecade demonstrates the economic carbon capture
the largest CCS projects in North America at and operational viability of CCS to deliver
Rio Grande LNG. NEXT Carbon Solutions’ carbon reduction,” said Pratima Rangarajan, Baker Hughes announced it has entered into a
CCS project at Rio Grande LNG is expected OGCI Climate Investments’ Chief Executive global exclusive licensing agreement with SRI
to enable the capture and permanent geologic Officer. “We believe in NextDecade’s vision International to use SRI’s innovative Mixed-
storage of more than fivemn tonnes of CO2 of delivering the lowest end-to-end emission Salt Process (MSP) for CO2 capture. SRI has
per year. LNG possible from the Permian and Eagle received support from the US Department
“We are pleased to welcome OGCI Climate Ford basins.” of Energy’s Office of Fossil Energy (FE) and
Investments as a NextDecade investor,” said NEXTDECADE, March 29, 2021 National Energy Technology Laboratory
Matt Schatzman, NextDecade’s Chairman (NETL) in developing its MSP technology.
and Chief Executive Officer. “We share a The agreement with SRI follows Baker
vision of providing the world access to cleaner ENERGY TRANSITION Hughes’ acquisition of Compact Carbon
energy. This capital will enable the further Capture announced in November 2020, and
advancement of NextDecade’s proprietary Baker Hughes acquires further expands and complements its CCUS
processes to lower the cost of utilising (carbon capture, utilisation, and storage) for
CCS technology and the realization of the exclusive license from SRI applications such as the treatment of flue gases
transformative and impactful contributions from fossil-fuelled power plants, gas turbines,
that we expect to make to the global energy International for Mixed Salt industrial applications, and the cement
industry and the quest toward a net-zero industry.
future.” Process technology for BAKER HUGHES, March 29, 2021
“Through its work at Rio Grande LNG,

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