(Alliance News) - BP PLC and Linde PLC on Tuesday unveiled plans to advance a major carbon capture and storage project in Texas.
This will enable low-carbon hydrogen production at Linde's existing facilities, the two said, and the development will support the storage of carbon dioxide captured from other industrial facilities.
On completion, the project will capture and store carbon dioxide from Linde's hydrogen production facilities in the greater Houston area, and potentially other Texas facilities, to produce low carbon hydrogen for the region. The low-carbon hydrogen will be sold to customers along Linde's hydrogen pipeline network.
BP will appraise, develop and permit the geological storage sites for permanent sequestration of the carbon dioxide.
"The project will be a further important step in the development of BP's low carbon business. BP is evaluating large-scale CCS and hydrogen projects for industrial clusters in the US and already is in action on Teesside, the industrial heart of the UK," it said.
Shares in BP were up 1.1% at 422.85 pence in London on Tuesday afternoon. Linde shares were up 1.6% at EUR299.80 in Frankfurt.
By Lucy Heming; lucyheming@alliancenews.com
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