Under the new agreement, Whiting will purchase 80 million cubic feet of compressed CO2 per day from TCEP, representing about 60% of TCEP’s total volume of captured CO2, during the first five years of TCEP’s operation.
The 400MW TCEP is a coal gasification with carbon capture project being developed in Penwell, Texas, outside Odessa.
TCEP will capture 90% of the carbon dioxide, 99% of the sulfur, 95% of the mercury, and eliminate about 90% of the nitrogen oxides produced by the process.
Its high carbon-capture rate reduces the total amount of CO2 emitted to the atmosphere to less than 10% of the emissions for power from a conventional coal plant, and less than 25% of those for power from a highly efficient, natural gas-fired plant.
In the Permian Basin, approximately one additional barrel of oil can be recovered for each 6,000 cubic feet of compressed CO2 injected into the oil field.
TCEP will begin delivering CO2 to Whiting when the plant commences operations in late 2014 or early 2015; construction is scheduled to begin at the end of this year.
