NEXT - NextDecade Mitsubishi reach deal for Rio Grande LNG carbon capture project

NextDecade (NEXT) +2.2% pre-market after signing an engineering services agreement with Mitsubishi Heavy Industries (MHVYF) to support a carbon capture project at the proposed Rio Grande LNG project in south Texas.The agreement includes the design, license and performance guarantee of the KM CDR Process, a post-combustion carbon capture technology to be applied at the proposed export terminal."Through NEXT Carbon Solutions’ CCS project at Rio Grande LNG, NextDecade and MHIA will contribute to solving the global challenge of effectively reducing greenhouse gas emissions," the companies say.The planned carbon capture and storage project is expected to cut permitted carbon dioxide emissions at the facility by more than 90%, which NextDecade believes will make Rio Grande LNG "the greenest LNG project in the world."

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NextDecade, Mitsubishi reach deal for Rio Grande LNG carbon capture project