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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: Red Badger
Ain’t Communism wonderful.
2
posted on
10/30/2023 5:40:46 AM PDT
by
bray
(You can tell who the Commies fear.)
To: Red Badger
3
posted on
10/30/2023 5:40:58 AM PDT
by
EEGator
To: bray
Go woke, go broke..............
4
posted on
10/30/2023 5:41:32 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: EEGator
I doubt the other 99 facilities will ever get built.............
5
posted on
10/30/2023 5:42:10 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
I wonddr if Al Gore is still invested in Occidental.
6
posted on
10/30/2023 5:42:29 AM PDT
by
gundog
(It was a bright cold day in April, and the clocks were striking thirteen. )
To: Red Badger
What problem does “carbon capture” fix?
7
posted on
10/30/2023 5:42:35 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: Red Badger
It’s time for the WWIII machines to crank up.
Nukes, depleted uranium, and cluster munitions are “green”.
2 billion fewer humans will reduce our carbon footprint…
8
posted on
10/30/2023 5:47:47 AM PDT
by
EEGator
To: central_va
9
posted on
10/30/2023 5:48:05 AM PDT
by
EEGator
To: Red Badger
Without the Carbon Credit market that Algore tried to create, capturing carbon has no intrinsic value.
10
posted on
10/30/2023 5:48:14 AM PDT
by
Yo-Yo
(Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
To: Red Badger
Is this captured carbon dioxide cleaned to food grade, to be sold back to the bottling industry and retailers?
11
posted on
10/30/2023 5:48:36 AM PDT
by
Deaf Smith
(When a Texan takes his chances, chances will be taken that's for sure.)
To: Deaf Smith
Nope, it is BURIED UNDERGROUND........................
12
posted on
10/30/2023 5:49:13 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: EEGator
CO2 is the most wonderful chemical in the world. More please.
13
posted on
10/30/2023 5:49:21 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: gundog
IIRC, he sold his stake in OP (all?) just to show his Green Creds.....................
14
posted on
10/30/2023 5:50:42 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Deaf Smith
The captured carbon dioxide was used to make skittles to feed to the unicorns so they can fart more skittles. Perpetual motion.
15
posted on
10/30/2023 5:51:19 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: central_va
Excessive plant growth, lol.
16
posted on
10/30/2023 5:51:22 AM PDT
by
piasa
(Attitude adjustments offered here free of charge)
To: central_va
It helps kill all living things.
17
posted on
10/30/2023 5:53:23 AM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: central_va
——What problem does “carbon capture” fix?-—
I will argue that there is money involved involving carbon credits. Piping carbon down a rat hole probably creates carbon credits that some how get converted into real money.
But, I don’t know for sure and certainly don’t understand the complexity of the scam
18
posted on
10/30/2023 5:54:30 AM PDT
by
bert
( (KWE. NP. N.C. +12) Joe Biden is a kleptocrat)
To: Red Badger
Damn. Where will I buy my carbon now?
19
posted on
10/30/2023 5:54:33 AM PDT
by
Larry Lucido
(Donate! Don't just post clickbait!)
To: Larry Lucido
George Soros......................
20
posted on
10/30/2023 5:55:07 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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