Facts:

The company CO2-Global (originally established in Norway) is responsible for this project in New Mexico. 

Project proposes to convert refinery waste to synthetic fuel oil before oxy-combustion to produce approximately 150 MW net power generation. CO2 is captured, compressed and transported via pipeline to nearby CO2 floods in the Permian Basin, New Mexico and West Texas for enhanced oil recovery (EOR).  1.2 million tonnes per annum of carbon dioxide (CO2) is expected to be captured.Storage locations have a capacity of 80Mtpa and there are more than 70 CO2 floods currently in operation. 

Financing

CO2-Global is organising a cost-share between private and government funding to cover an estimated $20 million in project development costs that is necessary to reach Finan-cial Close during 4Q-2011.

Subsequently around $100 million will be sought from private investors to cover an esti-mated 30% equity required for capital investment, construction and commissioning.

 

Timing

Key Letters of Intent with project partners in place and dialogue initiated with regulators in New Mexico and Texas.

The Project has undertaken a Concept Study with WorleyParsons in Houston. The study evaluates process design, per-formance and cost-estimates prior to initiating the Front-End Engineering & Design.

The power plant will transfer custody of the CO2 to project partner(s) who will be responsible for transport and sale of the CO2 for EOR at multiple CO2-flood operations.

Project converts a refinery pitch to clean power, steam and CO2 that is stored via EOR.  All technology components is said to have been demonstrated on a pilot-scale by the core technology providers.

The first 35 MW unit being available during is planned to be ready 2nd Q 2013. This will be dedicated to providing steam and power to the refinery.

During 2013 they plan to target deployment of three more units operating in a combined-cycle mode that will produce 115 MW power for export.

Main developer

CO2-Norway was initiated in 2000. Since 2004 they have focused internationally.

In Europe CO2-Global was in 2001 the promoter of CO2 for EOR in the North Sea (CENS).  And are now part of the CO2Europipe consortium comprised of 19 companies that are preparing a strategic study for the European Commission identifying barriers to deployment of a pan-European CO2 infrastructure.

CO2-Global is also a participant with the Integrated Gasification Steam Cycle (IGSC) consortium that in 2008 completed a major study funded by the UK government for integration of the CES technology in combination with existing coal-fired power plants. This work was conducted in the United Kingdom in collaboration with Jacobs Engineering, Siemens Power Generation, MAN Turbo and Imperial College.

Contact:

Carl Hustad : cwh@co2-global.com

http://www.co2.no/

Homepage:

www.co2.no