Freeport LNG And Talos Energy To Develop Carbon Capture And Sequestration Project On Texas Gulf Coast

Freeport LNG and Talos Energy today announced the companies have executed a letter of intent to develop a carbon capture and sequestration project immediately adjacent to Freeport LNG's natural gas pretreatment facilities located near Freeport, Texas. Freeport LNG is currently a three train, 15 MTPA LNG export facility. Freeport has plans to expand by adding a fourth liquefaction train which has received all regulatory approvals for construction. 

The first injection could occur by year-end 2024. Talos will be the project manager and operator and will be joined by its partner, Storegga Geotechnologies Limited the lead developer of the Acorn CCS project in the United Kingdom.  The Freeport LNG CCS project will utilize a Freeport LNG-owned geological sequestration site located less than half a mile from point of capture with up to a 30-year injection term and will permanently sequester CO2.

"Freeport LNG is pleased to collaborate with Talos, a leading independent energy producer, and Storegga, on this important project", said Michael Smith, Founder, Chairman and CEO of Freeport LNG. "As the only all-electric drive facility of its kind in the U.S., our liquefaction facility produces 90 percent less emissions than other gas turbine-driven facilities. Embarking on carbon capture and sequestration will only further reduce the carbon intensity of our facilities. We look forward to our work with Talos on this innovative CCS project."