Summit Power Group, LLC (Summit) announced a major step toward financing and construction of the Texas Clean Energy Project (TCEP), which is the sister project of the Caledonia Clean Energy Project proposed at Grangemouth, Scotland.
On the 8th December in Bejing, Summit signed the engineering, procurement and construction (EPC) contract with China Huanqiu Contracting & Engineering Corp. (HQC) and SNC-Lavalin Engineers & Constructors Inc. (SNC Lavalin).
Texas Clean Energy Project is a large commercial power and chemicals project near Odessa, Texas, and will capture more than 90 percent of its CO2 emissions from coal while producing 400MW of clean power and enough urea to reduce annual U.S. imports
by more than 10 percent. The captured CO2 will be permanently sequestered geologically in West Texas oilfields.
Read the full press release here.