NEXT Carbon Solutions
Company Summary
Description
NEXT Carbon Solutions, LLC (NEXT Carbon Solutions), a wholly owned subsidiary of NextDecade that is expected to:
- develop one of the largest carbon capture and storage (CCS) projects in North America at NextDecade’s Rio Grande LNG project;
- advance proprietary processes to lower the cost of utilizing CCS technology;
- help other energy companies to reduce their greenhouse gas (GHG) emissions associated with the production, transportation, and use of natural gas; and
- generate high-quality, verifiable carbon offsets to support companies in their efforts to achieve net-zero emissions.
NEXT Carbon Solutions’ CCS project is expected to reduce permitted CO2 emissions at Rio Grande LNG by more than 90 percent without major design changes to the Rio Grande LNG project. As a result, Rio Grande LNG is expected to be the greenest LNG project in the world.
“Efforts to reduce global greenhouse gas emissions are at the very foundation of our company,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “The launch of NEXT Carbon Solutions comes at a pivotal time for our nation and the world, and we are eager to demonstrate the transformative and impactful contributions this business will make to the global energy industry and the quest toward a net-zero future.”
Website
https://www.businesswire.com/news/home/20210318005...Related Entities
Recent news
- 5/5/2022 - NEXT Carbon Solutions &... (subscriber access)
- 3/26/2021 - NextDecade & Oxy Sign... (subscriber access)
- 3/18/2021 - NextDecade Creates NEXT... (subscriber access)
- 3/18/2021 - NextDecade Sells... (subscriber access)