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Industries and Government Come Together to Celebrate Ground Breaking of Petra Nova Carbon Capture System
Construction of what is expected to be the largest post-combustion carbon capture system in the world is officially underway
The W. A. Parish power plant on
Using proven technology, the Project will be a commercial-scale carbon
capture system that is expected to capture 90% of the carbon dioxide (CO2)
in the processed flue gas from an existing unit at the WA Parish power
plant in
Those attending the ground breaking included:
-
David Crane , President and CEO ofNRG Energy -
Daniel Poneman , Deputy Secretary of Energy,United States Department of Energy -
David Dewhurst , Lieutenant Governor ofTexas -
Shunsaku Miyake , Representative Director, President and CEO ofJX Nippon Oil & Gas Exploration Corporation -
Jeff Hildebrand , founder, Chairman and CEO,HilCorp Energy Company
During the ceremony, these leaders of industry and government commented on the importance of the Petra Nova project to the energy and environment in decreasing greenhouse gas emissions, making America’s and the world’s most abundant fuel source significantly more sustainable and reducing our dependence on foreign oil.
“Fossil fuels are essential to energizing modern civilization today and
for many decades to come. The best way for us to avoid the harmful
consequences of emitting carbon into the atmosphere is to turn it into a
productive asset here on Earth,” said
“What is happening here today has global implications from an economic
perspective, energy security perspective, and environmental stewardship
perspective, and that's why it is so important to take the global lead
on this post-combustion CCS technology,” said
“This project is yet another example of why
“The Project is pioneering in that it not only utilizes CO2
emissions from a coal-fired power plant, but also boosts the oil
production, and ultimately reduces CO2 released into the air.
Put simply, it addresses a global environmental issue,” said
“We as a company are very proud of the fact that we are associated with
such a forward thinking and innovative project,” said
“Unconventional partnerships have driven innovation and disrupted the
old ways of seeing things to create a project that could change the
world,” said
CO2 captured from the plant will be compressed and piped
approximately 80 miles to the
About NRG
NRG is leading a customer-driven change in the U.S. energy industry by
delivering cleaner and smarter energy choices, while building on the
strength of the nation’s largest and most diverse competitive power
portfolio. A Fortune 250 company, we create value through reliable and
efficient conventional generation while driving innovation in solar and
renewable power, electric vehicle ecosystems, carbon capture technology
and customer-centric energy solutions. Our retail electricity providers
serve almost 3 million residential and commercial customers throughout
the country. More information is available at www.nrg.com.
More information about NRG’s carbon capture project can be found at http://www.nrg.com/business/wholesale/carbon-capture/.
Connect with
About
About Hilcorp
Hilcorp, founded in 1989, is one of the largest privately-held
independent oil and natural gas exploration and production companies in
Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding the post-combustion carbon capture unit at
NRG’s WA Parish plant and forward-looking statements typically can be
identified by the use of words such as “expect,” “believe,” and similar
terms. Although NRG believes that its expectations are reasonable, it
can give no assurance that these expectations will prove to have been
correct, and actual results may vary materially. Factors that could
cause actual results to differ materially from those contemplated above
include, among others, general economic conditions, hazards customary in
the power industry, competition in wholesale power markets, the
volatility of energy and fuel prices, failure of customers to perform
under contracts, changes in the wholesale power markets, changes in
government regulation of markets and of environmental emissions, and our
ability to achieve the expected benefits and timing of the carbon
capture-EOR projects. NRG undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise. The foregoing review of factors that could
cause NRG’s actual results to differ materially from those contemplated
in the forward-looking statements included in this news release should
be considered in connection with information regarding risks and
uncertainties that may affect NRG’s future results included in NRG’s
filings with the
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140905005840/en/
Source:
NRG Media:
Karen Cleeve, 609-524-4608
or
David Knox,
832-357-5730
or
NRG Investors:
Chad Plotkin, 609-524-4526
or
Daniel
Keyes, 609-524-4527
or
JX
Tsutomu Okada, +81-3-6275-5241
Manager,
Public Relations
or
Naoyuki Ushijima, +81-3-6275-5241
Senior
Staff, Public Relations
or
HilCorp
Justin Furnace,
713-289-2735