August 6, 2020 Read More →

U.S. Energy Department: Petro Nova had outages on 367 days since 2017

Reuters:

A $1 billion project to harness CO₂ emissions from a Texas coal plant suffered chronic mechanical problems and routinely missed its targets before it was shut down this year, according to a U.S. Department of Energy report.

The Petra Nova plant’s performance was seen as a major test of emerging efforts to capture planet-warming gases and store them below ground, a technology considered crucial to companies and governments hoping to fight climate change.

The joint venture project between NRG Energy Inc. and Japan’s JX Nippon had received a $190 million grant from the U.S. government. Before being mothballed, it was the only U.S. project capturing carbon from a coal-fired power plant. 

Petra Nova’s shutdown “highlights the deep financial risks” facing other carbon capture and storage (CSS) projects in the works, according to a report by the Institute for Energy Economics and Financial Analysis.

[Nichola Groom]

More: Problems plagued U.S. CO2 capture project before shutdown: document

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