Hunton Energy has signed a memorandum of understanding with The Dow Chemical Company that will lead to Hunton Energy building and operating a synthetic natural gas plant at Dow's Oyster Creek facility on the Texas Gulf Coast.
Under the proposed 15-year agreement with Dow, the Hunton Energy facility is slated to produce synthetic natural gas (SNG) and will use steam turbines to produce additional power from its byproduct steam. Innovative processes in Hunton’s gasification system will capture 100% of the carbon dioxide (CO2) emissions from the facility, the company said.
Rich Wells, vice president of energy for Dow Chemical, said: This agreement with Hunton Energy is an example of how Dow is pursuing diverse sources of energy as part of our overall strategy to mitigate rising feedstock and energy costs. As an added benefit, the process used to produce the steam consumed by Dow will capture CO2 emissions to be sold for enhanced oil recovery use.
By switching from our site-produced steam to this new technology offered by Hunton, we will be reducing Dow’s CO2 emissions in Freeport and thereby reinforcing our publicly stated climate change sustainability goal to reduce the company’s greenhouse gas emissions by more than 20% by 2015.