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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Calpine and ExxonMobil Sign CO2 Transportation and Storage Agreement for CCS Project in Texas

LCG, April 24, 2025--Exxon Mobil Corporation (ExxonMobil) announced yesterday an agreement with Calpine Corporation (Calpine) to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a natural gas-fired facility located near Houston, Texas. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to add CCS for the facility’s CO2 emissions. The Calpine facility could then provide a 24/7 supply of low-carbon electricity to the Texas grid plus steam to nearby industrial facilities.

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Industry News

LG Electronics Suspends Conergy Solar Joint-Venture Plans

LCG, November 13, 2008--LG Electronics (LG) announced late last week that it has discontinued discussions with Germany's Conergy AG (Conergy) regarding the creation of a joint venture for solar cell manufacturing due to current global financial uncertainty and differences in strategic directions. LG stated it will continue to explore opportunities in solar photovoltaic cell and module manufacturing.

LG and Conergy announced September 11 that they had executed a non-binding, Memorandum of Understanding (MOU) to form a joint venture in the solar module manufacturing business. LG was to have purchased a 75 percent stake in Conergy's solar module plant in Frankfurt, with Conergy retaining the remainder.

In October, LG announced that it plans to convert its A1 plasma panel-manufacturing line in Gumi, Korea, into two, crystalline silicon solar cell production lines. The first production line is scheduled to commence production in early 2010, with a second line entering production a year later.
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