2021 April 15 14:14
NextDecade and Mitsubishi Heavy Industries America sign ESA for carbon capture at Rio Grande LNG project in Texas
NextDecade Corporation and Mitsubishi Heavy Industries America, Inc. (MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR ProcessTM, a post-combustion carbon capture technology to be applied at NextDecade‘s Rio Grande LNG project in the Port of Brownsville, Texas, according to the company s release.
Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage (CCS) projects in North America at Rio Grande LNG. NEXT Carbon Solutions‘ CCS project at Rio Grande LNG is expected to enable the capture and permanent geologic storage of more than five million tonnes of carbon dioxide (CO2) per year.
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Additional Investors Includes AP Ventures, Chevron, New Energy Technology and Osaka Gas
TOKYO, Apr 9, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today announced that it has invested in Starfire Energy Inc., the leading developer of modular chemical plants for the production of green ammonia and hydrogen with a patented catalyst technology located in Denver, CO. The partnership will be used to advance the development of commercial scale applications to decarbonize ammonia production and unlock its potential as a zero-carbon energy carrier. The investment has been executed through Mitsubishi Heavy Industries America, Inc., joining a consortium of investors, including AP Ventures, Chevron Technology Ventures, New Energy Technologies and Osaka Gas USA.
MHI Invests in Starfire Energy, a Modular Green Ammonia Solution Provider, to Accelerate Efforts to Energy Transition jcnnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jcnnewswire.com Daily Mail and Mail on Sunday newspapers.
Starfire Energy announces closing of major funding round to produce carbon free ammonia and hydrogen solutions
Share Article DENVER (PRWEB) April 08, 2021 Starfire Energy, a developer of modular chemical plants for the production of carbon-free ammonia and carbon-free hydrogen, today announced the close of a major funding round. The investment round was led by AP Ventures, a significant investor in breakthrough hydrogen technologies, and included New Energy Technologies, Chevron Technology Ventures, Osaka Gas USA, and Mitsubishi Heavy Industries. Proceeds will be used to advance the development of commercial scale applications to decarbonize ammonia production and unlock its potential as a zero-carbon energy carrier.
What is it?
The Infinium Electrofuels process converts renewable power into green hydrogen, then uses this green hydrogen and waste carbon dioxide to produce net-zero carbon fuels. These fuels may be used in today’s plane, ship and truck fleets without changes in infrastructure.
Nearly a quarter of global carbon emissions stem from the transportation sector, posing a significant challenge in industry efforts to reduce emissions. New business mandates that include corporate climate commitments and ESG investing are increasing the demand for low-carbon transportation alternatives. Other solutions, such as electrification, carbon offsets, carbon capture and hydrogen fuel cell technology are part of the solution but do not fully address transportation’s carbon reduction needs.