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Rio Grande LNG CCS

USA
FID

Overview

Status
-
FID
Region
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North America
Geography
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USA
State
-
Texas
Equity Owner
-
NextDecade (up to 20.79%); Global Infrastructure Partners (a minimum of 46.12%); GIC (a minimum of 9.85%); TotalEnergies (16.67%); Mubadala (a minimum of 6.57%)
Proponent
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Rio Grande LNG, LLC
Output
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Carbon capture and storage (CCS)
Type of electricty
-
Capacity
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5 million metric tonnes of CO2 per year
Financing
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Technology
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Technical Advisors
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Air Products (technology provider)
Advisors
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MUFG Bank (NextDecade, debt financing); Macquarie Capital (NextDecade, equity financing);
Project Contact
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Mike Mott Senior Vice President, Carbon Solutions, NextDecade
Lawyers
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Latham & Watkins LLP (NextDecade); Kirkland & Ellis (GIP); Jones Day (TotalEnergies); Sidley Austin (GIC); White & Case (Mubadala); Norton Rose Fulbright (lenders)
Project Cost
-
Offtaker
-
Commercial Operations Date
-
Decommission Date
-
FID
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July, 2023

Description

A planned carbon capture and storage project at Rio Grande LNG in Brownsville, Texas.

Rio Grande LNG is situated on a 984-acre site on the banks of an uncongested deepwater channel. Rio Grande LNG plans to offer CO2 emissions reduction of more than 90 percent via planned carbon capture and storage – capturing and permanently storing more than 5 million metric tonnes of CO2 per year.

In July 2023, NextDecade Corporation announced a final investment decision to construct the first three liquefaction trains (Phase 1) at the facility. As part of the transaction, the parties involved each have options to invest in Train 4 and Train 5 equity, and options to invest in the planned carbon capture and sequestration project.



ADNOC acquires stake in U.S. LNG project

ADNOC announced today the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located...

Read More

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