Petra Nova Holdings (100% owned by NRG Energy) and JX Nippon Oil Exploration (EOR) (100% JX Nippon) have formed a 50-50 joint venture to build and operate the Petra Nova Carbon Capture Project at the existing WA Parish coal-fired power plant in Fort Bend County, in Texas (United States). The project will be a commercial-scale carbon capture system that captures 90% of the carbon dioxide (CO2) in the processed flue gas from an existing unit at the WA Parish power plant (240 MW unit 8). It will capture about 1.6 MtCO2/year. The joint venture has begun construction on the project and when complete (in end-2016), the project is expected to be the world’s largest post-combustion carbon capture facility on an existing coal plant. The CCS project will enable to increase domestic oil production at the West Ranch oilfield, jointly owned by the joint venture and Hilcorp Energy Company. EOR is expected to boost oil production at the field from around 500 bbl/d to approximately 15,000 bbl/d. The West Ranch oilfield is currently estimated to hold approximately 60 mbl of oil recoverable from EOR operations. NRG and JX Nippon each hold a 25% interest in the oil field through the Company.
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