Occidental and White Energy to study feasibility of CO2 capture for EOR

Jun 25 2018


The project would capture carbon dioxide at White Energy’s ethanol facilities in Hereford and Plainview, Texas, and transport it to the Permian Basin for use in enhanced oil recovery by Occidental.

“The collaboration between Occidental and White Energy is a direct result of the passage of the FUTURE Act,” said Occidental Petroleum President and CEO Vicki Hollub. “Carbon capture technologies have the potential to play a critical role in reducing global emissions, and this project is an important first step in cross-industry collaboration to make these efforts economic, practicable and scalable.”

The engineering study, expected to last six months, will examine the costs of building a carbon capture facility. If Occidental and White Energy determine the project is economically feasible, operations could begin as soon as 2021. The carbon capture project would be designed to be eligible for 45Q tax credits and California’s Low Carbon Fuel Standard Carbon Capture and Storage protocol, both currently in development, demonstrating that these important incentives result in near-term investment, reduced CO2 emissions and jobs.

Occidental is an industry leader in applying CO2 EOR technology. This technology can increase oil recovery by 10 to 25 percent in the fields where it is employed, while at the same time permanently sequestering the CO2 in the reservoir. The U.S. Environmental Protection Agency (EPA) approved Occidental’s two Monitoring, Reporting and Verification (MRV) plans for CO2 EOR fields in its Permian Basin operations. These plans, which were the first-ever approved by EPA, demonstrate that the captured CO2 is safely and permanently stored and establish a framework to quantify the amount of CO2 sequestered.

The FUTURE Act, which became law in February 2018, supports the conversion of CO2 emissions from industrial sources, including ethanol and coal- or gas-fired power plants, to a commodity product that can be stored in a secure geological formation through EOR.

 

Occidental
White Energy


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