GE bags $400 million natural gas and carbon capture deal with Chevron
Oil industry giants Chevron, Shell and ExxonMobil are set to take on a large-scale liquefied natural gas production, as well as carbon capture and sequestration project in Western Australia by 2014.
General Electric’s Oil and Gas division succeeded in getting the contract worth $400 million for the project’s supply and support services, providing control modules, pipeline termination structures, installations and system integration system. Equipment and machineries from GE will be used for the extraction and cooling or liquefying the natural gas for ease of transport. They will also take its carbon dioxide emission and inject it back to the site where it has been previously taken.
The practice of carbon capture and sequestration and its effectiveness still remains unproven, yet the International Energy Agency believes that it has enough potential to reduce greenhouse gas emissions from industrial facilities. Read the full article here
By Maria Belgado