NextDecade Corp. has withdrawn its utility with the Federal Vitality Regulatory Fee (FERC) for the proposed carbon seize and storage (CCS) challenge on the Rio Grande LNG facility.
The choice comes a few weeks after the U.S. Courtroom of Appeals for the D.C. Circuit issued an order vacating FERC’s remand authorization for NextDecade’s Rio Grande LNG Facility on the grounds that the FERC ought to have issued a supplemental Environmental Influence Assertion (EIS) throughout its remand course of.
In its response to the courtroom’s choice, NextDecade mentioned it’s going to assess its choices as development on the primary three liquefaction trains and associated infrastructure (Section 1) on the Rio Grande LNG facility continues. The corporate is evaluating the impression of the courtroom’s choice on the timing of a optimistic remaining funding choice (FID) on Practice 4.
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“We don’t agree with the D.C. Circuit Courtroom’s current choice to vacate the Federal Vitality Regulatory Fee’s (FERC) remand authorization of the Rio Grande LNG Facility. We’re dedicated to taking any and all obtainable authorized and regulatory actions to make sure that Section 1 will probably be delivered on time and on funds and that FID of Trains 4 and 5 is not going to be unduly delayed”, NextDecade Chairman and CEO Matt Schatzman mentioned.
When talking in regards to the choice to axe the CCS challenge, Schatzman mentioned it “is just not sufficiently developed to permit FERC evaluate to proceed right now.”
The Rio Grande LNG CCS challenge was anticipated to seize and completely retailer greater than 5 million metric tonnes of CO2 per yr.
To contact the creator, e-mail andreson.n.paul@gmail.com
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