G2 Net-Zero LNG said it has signed a new deal with NET Power for its planned liquefaction project in Louisiana.
The duo already worked on the project for a year and executed a new letter of intent following the recent release of a pre-FEED report, according to a G2 statement.
Furthermore, G2 says its export facility would be the first to integrate NET Power’s Allam-Fetvedt Cycle technology which removes all CO2 emissions from the natural gas liquefaction process.
This is in order to achieve a carbon net-zero energy mix of industrial gases, electricity and LNG, the firm said.
The pre-FEED report marks a “key milestone” in accelerating the project’s partially completed FEED study, it said.
$11 billion project
Louisiana-based G2, a venture of Chas Roemer Innovations, claims its facility would be the world’s first LNG export and industrial gas production complex promising net-zero carbon emissions from upstream to dockside. The firm expects to launch the facility as early as 2027.
The facility will consist of 10 1.3 MTPA trains with CAPEX of $500-$550 per million tons of capacity.
In addition to LNG, G2 plans to produce and sell industrial gases, including argon, nitrogen, and oxygen.
The total costs would reach $11 billion, according to G2.
“On a global basis, there is an increasing demand from the energy markets for net-zero
emissions projects to be up and running sooner rather than later. By employing NET Power’s
Allam-Fetvedt Cycle, G2 is building new with the latest technology rather than having to bear the burden of expensive outdated technology and infrastructure,” said Chas Roemer,
chairman of G2.