Delek US Holdings' Big Spring Refinery Selected by the Department of Energy for Carbon Capture Project
02.05.2024 By Tank Terminals - NEWS

February 05, 2024 [Storage Terminals Magazine]- Delek US Holdings, Inc. has been selected by the Department of Energy’s Office of Clean Energy Demonstrations for a carbon capture pilot project at its Big Spring refinery. The project, which will be supported by a cost-sharing agreement, is part of the DOE’s Carbon Capture Large-Scale Pilot Project programme. This programme provides 70 percent cost-share for up to $95 million of federal funding to support project development.

 

Avigal Soreq, President and CEO of Delek US, expressed gratitude for the DOE’s selection and highlighted the significance of the Big Spring refinery’s competitive advantage and operational excellence. Soreq emphasized the importance of carbon capture in decarbonising hard-to-abate sectors.

By deploying Svante Technologies Inc.’s second-generation carbon capture technology at the Big Spring refinery’s fluidised catalytic cracking unit, the project aims to capture 145,000 metric tonnes of carbon dioxide annually. It also aims to reduce health-harming pollutants like SOx and particulate matter. The captured carbon dioxide will be transported through existing pipelines for permanent storage or utilisation. The pilot project at the FCCU seeks to achieve cost reductions and facilitate the commercialisation of carbon capture technology.

In addition to its environmental benefits, Delek’s carbon capture project aligns with the company’s commitment to the communities it operates in. The project will provide opportunities for advancement for the skilled workforce, with Delek partnering with the International Union of Operating Engineers and the United Steelworkers to execute the project. Furthermore, a carbon capture schoolhouse will be established to equip current and future workers with the necessary skillsets for the energy transition. It is anticipated that the project will create around 200 construction and operations jobs in 2027 and 2028.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More