POSCO International To Capture Carbon Off Texas Coastline

[PAF]

By Park Jae-hyuk
Sep 07, 2023


An international consortium comprised of POSCO International, Spain’s Repsol, America’s Carbonvert and Japan’s Mitsui E&P was selected as the preferred bidder for the Texas state government’s Carbon Capture and Storage (CCS) project, according to the Korean trading and energy firm, Wednesday.

The project is intended to capture and store over 600 million tons of carbon over the next few decades off the coast of Corpus Christi in southern Texas.

Compared to a CCS business on land, the forthcoming project is expected to avoid disputes over installing pipelines underneath privately-owned land, as it will be done on government-owned sea areas. In addition, the project’s participants can receive subsidies for their CCS business, in accordance with the U.S. Inflation Reduction Act.

Once Texas and the consortium make a final agreement for the project, POSCO International will be the first Korean firm to participate in the construction of CCS facilities in U.S. coastal waters.

“The upcoming project will be the foothold for us to pursue both global carbon reduction and sustainable growth,” said POSCO International, which holds a 10 percent stake in the consortium.


Full article:

https://thekoreatimes.pressreader.com/article/281642489753537

 

[Anti Federalist]

Some libertarian author, Heilen maybe, or Murray Rothbard, wrote a short story or an article that laid out a future where government "oxygen machines" were placed all over the countryside.

These devices didn't actually do anything, but the public either didn't know or care.

At first the people scoffed at these silly machines, they they ignored them, then they became accepted, then it was "You can't eliminate government!!! Who will run and maintain the oxygen machines that we all need to stay alive???".

Once again I find myself living in a novel.

Does anybody recall this story?
[MENTION=28167]Occam's Banana[/MENTION] - C'mon Roach...help a brotha out.

 

[Occam's Banana]

Some libertarian author, Heilen maybe, or Murray Rothbard, wrote a short story or an article that laid out a future where government "oxygen machines" were placed all over the countryside.

These devices didn't actually do anything, but the public either didn't know or care.

At first the people scoffed at these silly machines, they they ignored them, then they became accepted, then it was "You can't eliminate government!!! Who will run and maintain the oxygen machines that we all need to stay alive???".

Once again I find myself living in a novel.

Does anybody recall this story?
@Occam's Banana - C'mon Roach...help a brotha out.

Nope. Sorry. I got nothin'. Not even the faintest of bell-rings.

 

[Anti Federalist]

//

 

[PAF]

//

I don't necessarily have a problem with the technology, or who the bidders are. If they can use carbon capture/storage to extract more oil, that's fine with me. The problem that I have is with tax-payer subsidies.

At least this outfit in the OP is respecting Property Rights. Unlike in the following related thread, and where they are being heavily subsidized:

http://www.ronpaulforums.com/showthread.php?564304-Microsoft-Funding-New-Approach-for-Carbon-Removal

 

[Snowball]

The unsstated truth is that warming ("climate change") has nothing to do with carbon per se. It has to do with deforestation, biological degredation, commerce (globalism), international trade (huge footprint), and military. Moreover, it has to do with scalar wave frequencies that cook the upper atmosphere. These ionospheric heaters are not considered to be part of the "lit" civlian government, however, and the press is not allowed by the government to discuss them. They heat the ionosphere and cause large patterns of warmth, prohibiting cooling and natural fronts.

All wind and carbon capture are scams, meant to hide the truth, keep the militarism and globalism going, keep the current oligarchy in control, and eventually to assimilate all humans into a control grid that will direct their lives. Carbon capture kills birds and insects. Wind kills whales, dolphins, bivalves, birds and insects at sea, and it kills birds, insects, mammals, and habitats on land. We are being managed by liars and psychopaths that hate life. They envision themselves as participants in a grand scheme to elevate into the echelons of preferred society circles who will escape nuclear war, and be among those chosen to receive life-extension procedures, in the years to come, when the elites will be living many decades longer than everyone else, in their breakaway society.

This btw was the real reason for the Chinese weather balloon program. They knew that the US was using HAARP and Nexrad to cook the atmosphere and were monitoring the effects. China and Russia know full well what's in store for them. They will go to war against the captured West, because they must. They must do what we cannot do. Stop it.
--------------------------------------------------------------
Chevron, Repsol quit oil and gas exploration blocks in Mexican Gulf
https://www.msn.com/en-us/money/mar...xploration-blocks-in-mexican-gulf/ar-AA1gqn04

Repsol enters U.S. onshore wind market with $768 million ConnectGen buy
https://www.reuters.com/article/con...rgy-firm-connectgen-for-768-mln-idUSS8N36V09Z

A consortium of Posco International, Spain’s Repsol, Carbonvert from the United States and Mitsui E&P USA was selected as a preferred bidder by the state of Texas for a CCS project off the state’s southeastern coast.

Posco International holds a 10 percent stake in the consortium.
https://koreajoongangdaily.joins.co...-breaks-into-US-carbon-capture-sector/1863358

U.S. picks two sites for carbon-capture hubs (Corpus Christi, Port Charles)
https://arstechnica.com/science/2023/08/us-picks-the-first-two-sites-for-carbon-capture-hubs/