NRG to Exit Carbon-Capture Business After Texas Project is Completed

SUGAR LAND--October 7, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Low crude-oil prices have claimed another victim: the economic viability of carbon capture & sequestration (CCS) projects. The economic non-viability of CCS projects raises questions as to how power generators will be able to meet the carbon dioxide (CO2) reduction mandate of the Obama administration's Clean Power Plan. CCS technology was held out as one of several compliance options for coal-fired power generators. The CPP requires power generators to cut CO2 emissions from coal-fired plants by 30% by 2030, compared to a 2005 baseline.

Within this article: Update on the status of carbon capture & sequestration projects, including those from leading companies such as NRG Energy Incorporated (NYSE:NRG) and American Electric Power (NYSE:AEP).