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Commonwealth LNG | Cameron Parish CO2 Hub

USA
Greenfield

Overview

Status
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Greenfield
Region
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North America
Geography
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USA
State
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Louisiana
Equity Owner
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OnStream CO2 LLC (Carbonvert/Castex Carbon Solutions JV)
Proponent
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Commonwealth LNG, OnStream CO2 LLC (Carbonvert/Castex Carbon Solutions JV)
Output
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Carbon capture and storage (CCS)
Type of electricty
-
Capacity
-
Financing
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Technology
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Technical Advisors
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Advisors
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Project Contact
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Castex EVP and CFO Aaron Killian
Lawyers
-
Project Cost
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Offtaker
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Commercial Operations Date
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2027
Decommission Date
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FID
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June, 2024

Description

In November 2023, Commonwealth LNG entered into a MoU with OnStream CO2 LLC (Carbonvert/Castex Carbon Solutions JV) for a CCS solution at Commonwealth’s 9.3m tpa LNG facility under development in Cameron, Louisiana.

Under the agreement, OnStream CO2 will design, construct, own, and operate CO2 capture equipment near the Commonwealth LNG site.

The captured CO2 will be permanently sequestered at the Cameron Parish CO2 Hub.

Commonwealth will dedicate CO2 emitted from the LNG facility for a 20-year term.

Castex will serve as the operator for the Cameron Parish CO2 Hub.

Commonwealth LNG anticipates a final investment decision on its LNG project in the first half of 2024, with first cargo deliveries expected in 2027.



LNG developer signs MoU for carbon capture and sequestration

Commonwealth LNG has entered into a memorandum of understanding with OnStream CO2 LLC, a joint venture between Carbonvert Inc. and Castex Carbon Solutions, LLC, for a carbon capture and storage...

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Carbonvert, Castex ink Louisiana CO2 storage operating agreement

Carbonvert Inc. and Castex Energy, Inc. have executed an operating agreement with the State of Louisiana to develop a 24,000 acre tract of land situated in State waters, offshore Cameron...

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