Summit Power Group’s Texas Clean Energy Project (TCEP) plans to build a polygeneration facility in west Texas near Odessa. The integrated gasification combined cycle (IGCC) plant is expected to generate 400 MW (gross) of electricity; half will be sold to the grid and the remainder will be used to power the plant. More than 90 per cent of the CO2 will be removed, most of which will be transported via a 1.6 km connector pipeline to an existing, regional CO2 pipeline network for use in EOR operations. Summit is collaborating with the Texas Bureau of Economic Geology to develop and implement a monitoring, verification and accounting (MVA) program that provides an accurate accounting of EOR-storage.
In July 2014, Summit and the China Huanqiu Contracting and Engineering Corporation (HQC) began a FEED study update, and in December 2015 the parties, along with SNC-Lavalin Engineers and Constructors Inc. signed an EPC agreement. Financial close is expected in the northern hemisphere spring of 2016. TCEP is one of the US DOE’s leading CCUS projects with more than US$450 million in federal funding. The project is also the recipient of US$811 million in investment tax credits. For more information, please see here.