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NRG, JX Nippon Open $1 Billion Clean Coal Power Project in Texas

  • System captures power plant’s carbon, carries it to oil field
  • Project breaks even with crude trading at $50 a barrel
Petra Nova - WA Parish Generating Station

Petra Nova - WA Parish Generating Station

Source: nrg

U.S. power generator NRG Energy Inc. and Japanese energy producer JX Nippon Oil & Gas Exploration Corp. have finished the world’s largest system to capture carbon dioxide produced from burning coal at a power plant.

The $1 billion Petra Nova project, which collects carbon emissions from an existing coal-fired power plant southwest of Houston, passed testing in late December and was turned over for operations, the companies said in a statement Tuesday. The carbon dioxide, a heat-trapping gas that contributes to global warming, is sent by pipeline to an oil field jointly owned by NRG, JX Nippon and Hilcorp Energy Co. where it can be used to draw crude out of the ground.