Pemex presents its LNG project in the Pacific Ocean
Alejandro Martinez Sibaja, CEO of Pemex Gas and Basic Petrochemicals said that this facility is the second phase of another project, the transoceanic belt that will link the maritime terminal of Pajaritos in the city of Veracruz (Mexico), with the refinery in Salina Cruz located in the state of Oaxaca, Mexico.
The company's goal is to take advantage of the country's geographic location and current business opportunities that the market offers for the transportation of natural gas through the Isthmus of Tehuantepec (a production in the Gulf of Mexico) for its future processing and export to Asia and Oceania, this was mentioned by Sibaja to investors, operators and developers in the energy sector.
The second phase of this project will start in 2020. But this November 2014, Pemex will be conducting a number of technical, economic and infrastructure studies to determine the ideal location for the construction of such facilities, ideally near Salina Cruz (a major seaport on the Pacific coast of the Mexican state of Oaxaca).
Sibaja also mentioned that the main objective is to create value for Pemex by consolidating productive chains in the transformation process of hydrocarbons.
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Sibaja added that Pemex is establishing alliances with strategic partners to gather capital and to provide operational excellence for this project. "A consortium of major companies related to the LNG market," said Sibaja.
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Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.