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World’s biggest carbon capture plant quietly sold off for a fraction of what it cost to build it
Just The News ^ | Published: October 29, 2023 11:14pm | By Kevin Killough

Posted on 10/30/2023 5:38:57 AM PDT by Red Badger

Occidental Petroleum quietly sold off a carbon capture facility – the world’s largest — that was built into a natural gas processing plant in Texas, according to a Bloomberg Green investigation.

The plant, called Century, never operated at more than a third of its capacity since it was built in 2010.

According to statements the company made to Bloomberg Green, the technology worked, and the facility continues to operate as designed.

The economics of Century weren’t good because of limited amounts of natural gas coming from a nearby field, according to the report, and as a result, the plant fell into disuse before its divestment. It was sold off for a fraction of the cost to build it.

Total carbon capture capacity globally is approximately 45 million tons of carbon dioxide per year, which is about 4% of what’s needed to be operational by 2030 in order to reach the International Energy Agency’s net zero targets by 2050.

Occidental is one of the biggest investors in carbon capture and storage. It operates a billion-dollar complex called Stratos about 100 miles from Century. The Stratos facility uses direct air capture, which sucks carbon dioxide from the air to be stored underground. The company intends to build 100 plants just like it, Bloomberg Green reports.


TOPICS: Business/Economy; Culture/Society; Politics/Elections; US: Texas
KEYWORDS: agw; algore; carbon; carboncapture; carboncredits; carbonpropaganda; ccx; climatehoax; fakescience; globalwarminghoax; iea; netzero; occidental; occidentalpetroleum; texas; toobintax
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To: central_va

It seems odd that PhD scientists don’t know what I learned in 7th grade.

Same goes for Doctors and flu and coronaviruses.

Almost as if they know, but have a nefarious purpose…


21 posted on 10/30/2023 5:55:10 AM PDT by EEGator
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To: EEGator

I thought that was Brawndo?


22 posted on 10/30/2023 5:55:31 AM PDT by Alas Babylon! (Repeal the Patriot Act; Abolish the DHS; reform FBI top to bottom!)
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To: Red Badger

Either the natural gas or the tax credits are gone. NMo other reason to let it go. 99 more planned? Not without tax credits being good enough. The return on this is just not fast enough without them.


23 posted on 10/30/2023 6:02:51 AM PDT by Sequoyah101 (Procrastination is just a form of defiance)
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To: Alas Babylon!

Is the “Thirst Quencher!” carbonated?


24 posted on 10/30/2023 6:03:01 AM PDT by EEGator
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To: Red Badger
"...which sucks carbon dioxide from the air to be stored underground."

Won't Mother Earf explode? Seriously, what do they plan to do with all of this stored CO²?

25 posted on 10/30/2023 6:11:53 AM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: Red Badger

Awwww, that’s too bad. I really like that stuff in beer.


26 posted on 10/30/2023 6:13:05 AM PDT by Afterguard
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To: moovova

Maybe they finally figured out that all that CO2 from coal and petroleum, was once in the atmosphere, millions of years ago................


27 posted on 10/30/2023 6:13:53 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: bert
But, I don’t know for sure and certainly don’t understand the complexity of the scam

You need to know the present 440 PPM of dissolved CO2 in the atmosphere is not a crises, in fact it is almost a climatic nadir. When CO2 rises animals get bigger, plants flourish and life abounds. We are lucky it is not going the other way.

28 posted on 10/30/2023 6:15:02 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Red Badger

But why don’t they power it like electric cars with rainbows and unicorn farts?


29 posted on 10/30/2023 6:16:42 AM PDT by Bubba_Leroy ( Dementia Joe is Not My President)
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To: central_va

“The captured carbon dioxide was used to make skittles to feed to the unicorns so they can fart more skittles. Perpetual motion.”

________________________________________________________

Speaking of Skittles, ever notice in the Skittles commercial where the man is “milking” the giraffe and Skittles are going into the bucket and then he eats some and laughs, that the giraffe being milked is a male giraffe?


30 posted on 10/30/2023 6:16:58 AM PDT by jacknhoo (Luke 12:51; Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: Red Badger
International Energy Agency’s net zero targets by 2050.

Only about 5% of the total CO2 in the atmosphere is man made. So attempting to remove 20 PPM of CO2 will do absolutely nothing for the planet.

31 posted on 10/30/2023 6:18:18 AM PDT by Hot Tabasco
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To: bert

Study up on IRS document 45Q. The latest in carbon capture financial bounty.

Then consider a couple of companies attempting to build a high pressure carbon capture pipelines in five mid-Western States using immanent domain as a means of obtaining the land needed for the pipeline.

The producers of corn ethanol and farmers growing the corn are promised insane profit from the sceme which in reality is more green chit brought to you by your own damn government.

In addition, so called sustainable aviation fuel is also a large part of the effort (scam).


32 posted on 10/30/2023 6:19:48 AM PDT by wita (Under oath since 1966 in defense of Life, Liberty and the pursuit of Happiness)
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To: jacknhoo
Speaking of Skittles, ever notice in the Skittles commercial where the man is “milking” the giraffe and Skittles are going into the bucket and then he eats some and laughs, that the giraffe being milked is a male giraffe?

Frankly no, I didn't notice.

33 posted on 10/30/2023 6:19:56 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Red Badger

As long as the CO2 is pumped underground to frack more shale oil, I’m good.


34 posted on 10/30/2023 6:21:36 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Hot Tabasco

I think OP finally figured that out.................


35 posted on 10/30/2023 6:23:08 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

I have some built in carbon capture where I live as well. They’re called trees and plants.


36 posted on 10/30/2023 6:30:28 AM PDT by xp38
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To: central_va

EMPTYING YOUR WALLET.


37 posted on 10/30/2023 6:32:50 AM PDT by GailA (GMOs have a new name 'BIOENGINEERED' read labels. Constitutional Conservative.)
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To: Red Badger

Another Obama success story along with Solyndra.


38 posted on 10/30/2023 6:47:17 AM PDT by antidemoncrat
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To: jacknhoo

Really how can you tell?


39 posted on 10/30/2023 6:56:05 AM PDT by Chickensoup (Genocide is here. Leftist extremists are spearheading the Genocide against conservatives. )
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To: gundog

Gore’s father was $$ “tight” $$ w/ the commie who ran Occidental, Armand Hammer.

Meanwhile Buffett is picking up the pieces as the company winds down its billion dollar buy of a Carbon Engineering, which was running these “Direct Air Capture” scams which were supposed to redistribute carbon credits.

Here for Buffet’s latest buy:
https://www.msn.com/en-us/money/other/warren-buffett-s-company-joins-oil-buying-frenzy-this-week-by-resuming-its-occidental-petroleum-buys/ar-AA1iTyMi

Let’s just say it’s not the carbon capture he’s interested in... He’s buying into the largest oil producer in the Permian Basin.


40 posted on 10/30/2023 6:57:42 AM PDT by nicollo ("This is FR!")
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