- Project to include Carbon Capture and Storage (CCS)
and low carbon hydrogen production
- With potential start-up by 2026, project aims to store up to
15 million metric tons of CO2 per year in
multiple sites – the equivalent of removing approximately 3
million cars from the road
- Engaging with additional emitters to decarbonize Texas Gulf
Coast
HOUSTON, May 17, 2022
/PRNewswire/ -- bp and Linde today announced plans to advance a
major carbon capture and storage (CCS) project in Texas that will enable low carbon hydrogen
production at Linde's existing facilities. The development will
also support the storage of carbon dioxide (CO2)
captured from other industrial facilities -- paving the way for
large-scale decarbonization of the Texas Gulf Coast industrial
corridor.
Upon completion, the project will capture and store
CO2 from Linde's hydrogen production facilities in the
greater Houston area -- and
potentially from its other Texas
facilities – to produce low carbon hydrogen for the region. The low
carbon hydrogen will be sold to customers along Linde's hydrogen
pipeline network under long-term contracts to enable production of
low carbon chemicals and fuels.
As part of the project, bp will appraise, develop and permit the
geological storage sites for permanent sequestration of the
CO2. bp's trading and shipping business aims to bring
custom low carbon solutions to the project, including renewable
power and certified natural gas, along with commodity trading and
price risk management expertise.
Linde will use its proprietary technology and operational
expertise to capture and compress the CO2 from its
hydrogen production facilities for the project. Together with its
extensive infrastructure of hydrogen production facilities and its
storage cavern connected through its pipeline network across the
Texas Gulf Coast, this project will enable Linde to supply
cost-effective, reliable low carbon hydrogen and, together with bp,
provide carbon capture and storage solutions.
Dave Lawler, chairman and
president of bp America, said: "The energy expertise in
Texas and strong supply chains
have been generations in the making. This new low carbon energy
project will help us leverage those strengths for the next chapter
of the energy transition. In particular, it can help decarbonize
hard-to-abate industries for the greatest potential impact on
emissions while protecting jobs. bp is proud to support this
project as we continue delivering on our own strategy and net zero
ambition."
The project will be a further important step in the
development of bp's low carbon business. bp is evaluating large
scale CCS and hydrogen projects for industrial clusters in the
US and already is in action on Teesside, the industrial heart
of the United Kingdom.
"Linde is committed to lowering absolute carbon emissions 35% by
2035 and reaching climate neutrality by 2050. Capturing the
CO2 from our hydrogen production plants in the
Houston area will be a significant
step towards achieving these goals," added Dan Yankowski, President Linde Gases North
America.
"We are excited to bring Linde's leading technology portfolio
and infrastructure to support this project and make low carbon
hydrogen available to our customers in the Gulf Coast. More broadly
Linde is well positioned to enable similar projects be it in the
Gulf Coast where we operate two hydrogen pipelines and a hydrogen
storage cavern or elsewhere in the U.S."
The overall development, expected to be operational as early as
2026, will also enable capture and storage of CO2 from
other large industrial facilities in the region and could
ultimately store up to 15 million metric tons per year across
multiple onshore geologic storage sites – the equivalent of taking
approximately three million cars off the road each year.
Cautionary statement
In order to utilize the 'safe
harbor' provisions of the United States Private Securities
Litigation Reform Act of 1995 (the 'PSLRA'), bp is providing the
following cautionary statement. This press release contains certain
forward-looking statements – that is, statements related to
future, not past events and circumstances – which may relate
to one or more of the financial condition, results of operations
and businesses of bp and certain of the plans and objectives of bp
with respect to these items. These statements are generally, but
not always, identified by the use of words such as 'will',
'expects', 'is expected to', 'aims'', 'should', 'may',
'objective', 'is likely to', 'intends', 'believes',
'anticipates', 'plans', 'we see' or similar expressions.
Actual results may differ from those expressed in such statements,
depending on a variety of factors including the risk factors set
forth in our most recent Annual Report and Form 20-F under "Risk
factors" and in any of our more recent public reports.
Our most recent Annual Report and Form 20-F and other period
filings are available on our website at www.bp.com, or can be
obtained from the SEC by calling 1-800-SEC-0330 or on its website
at www.sec.gov.
About bp
bp's ambition is to become a net zero company
by 2050 or sooner, and to help the world get to net zero. bp is
America's largest energy investor since 2005, investing more than
$130 billion in the economy and
supporting about 230,000 jobs. For more information on bp in the
US, visit www.bp.com/us.
About Linde
Linde is a leading global industrial gases and engineering
company with 2021 sales of $31
billion (€26 billion). We live our mission of making our
world more productive every day by providing high-quality
solutions, technologies and services which are making our customers
more successful and helping to sustain and protect our planet.
The company serves a variety of end markets including chemicals
& energy, food & beverage, electronics, healthcare,
manufacturing, metals and mining. Linde's industrial gases are used
in countless applications, from life-saving oxygen for hospitals to
high-purity & specialty gases for electronics manufacturing,
hydrogen for clean fuels and much more. Linde also delivers
state-of-the-art gas processing solutions to support customer
expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and
services, please visit www.linde.com
Contacts:
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bp US Media
Affairs
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Linde Media
Relations
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Email: uspress@bp.com
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Anna Davies
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Phone: +44 1483
244705
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Email: anna.davies@linde.com
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SOURCE BP PLC