Coming Soon to a Location Near You?: Carbon Capture & Sequestration

SUGAR LAND--June 1, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, liquefied natural gas (LNG) producer Venture Global LNG (Arlington, Virginia) became the latest oil and gas company to tout its plans for carbon capture and sequestration (CCS). The company says it plans to capture the carbon from its Calcasieu Pass and Plaquemines LNG facilities in Louisiana and inject it in saline aquifers, where it will be permanently stored. The move represents a growing trend by oil and gas and power companies to appease stakeholders and, perhaps, make their product more marketable.

Companies featured: Valero Energy Incorporated (NYSE:VLO), BlackRock Incorporated (NYSE:BLK), Exxon Mobil Corporation (NYSE:XOM)