Page 15 - NorthAmOil Week 37 2021

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to manage and distribute over two million in Houston. Calpine, Chevron, Dow, “Houston can achieve our net zero goals
barrels per day of produced and recycled ExxonMobil, INEOS, Linde, LyondellBasell, by working together, and it’s exciting to see so
water across our Permian platform.” Marathon Petroleum, NRG Energy, Phillips many companies have already come together
“Five Point and WaterBridge have built 66 and Valero have agreed to begin discussing to talk about making Houston the world
the leading water solutions platform in the plans that could lead to capturing and safely leader in carbon capture and storage,” said
Permian by continuing to support the success storing up to 50 million metric tons of CO2 Sylvester Turner, Mayor of Houston. “We’re
of our customers,” says David Capobianco, per year by 2030 and about 100 million metric reimagining what it means to be the energy
Chairman of the Board of WaterBridge and tons by 2040. capital of the world, and applying proven
CEO of Five Point Energy. “We are excited The companies plan to help address technology to reduce emissions is one of the
to strengthen our relationship and to further industrial CO2 emissions in one of the largest best ways to get started.”
expand our operations to support Colgate’s concentrated sources in the United States. Wide-scale deployment of CCS in the
growth in the region.” Collectively, the 11 companies are considering Houston area will require the collective
WATERBRIDGE HOLDINGS, September 10, using CCS technology at facilities that support of industry, communities and
2021 generate electricity and manufacture products government. If appropriate policies and
that society uses every day, such as plastics, regulations are put in place, CCS could
motor fuels and packaging. generate tens of thousands of new jobs,
ENERGY TRANSITION If CCS technology is fully implemented at protect current jobs and reduce emissions at a
the Houston-area facilities these 11 companies lower cost to society than many other widely
Carbon capture and storage operate, nearly 75 million metric tons of CO2 available technologies. The 11 companies will
could be captured and stored per year by 2040. continue to advocate for policies that enable
gains wide industry support There are ongoing discussions with other the long-term commercial viability of new,
expanded and existing CCS investments in
companies that have industrial operations
in Houston in the area to add even more CO2 capture Texas.
capacity. They could announce their support
CALPINE; CHEVRON; DOW; EXXONMOBIL;
Eleven companies have expressed interest at a later date and add further momentum INEOS; LINDE; LYONDELLBASELL; MARATHON;
in supporting the large-scale deployment of toward the city of Houston’s ambitions to be NRG ENERGY; PHILLIPS 66; VALERO,
carbon capture and storage (CCS) technology carbon neutral by 2050. September 16, 2021

Week 37 16•September•2021 www. NEWSBASE .com P15