NextDecade Withdraws Carbon Capture and Storage Application at FERC
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NextDecade Corporation said its subsidiary Rio Grande LNG withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding.
“We appreciate the FERC’s diligence during the review process,” said NextDecade Chairman and CEO Matt Schatzman.
“The CCS project at RGLNG is not sufficiently developed to allow FERC review to continue at this time. We remain committed to advancing and lowering the cost of utilizing carbon capture and storage and helping companies reduce their facility emissions and achieving their clean energy goals,” added Schatzman.
NextDecade is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through its subsidiaries Rio Grande LNG and NEXT Carbon Solutions, they are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. The company is also working with third-party customers around the world to deploy proprietary processes to lower the cost of carbon capture and storage and reduce CO₂ emissions at their industrial-scale facilities.
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