Advancing Carbon Capture Technology
Delek US Holdings, Inc. (NYSE: DK) has been selected by the Department of Energy (DOE) for a carbon capture pilot project at its Big Spring refinery. The DOE’s Carbon Capture Large-Scale Pilot Project program will provide 70% cost-share, up to $95 million, for the project’s development.
Key Project Details
Delek’s project will deploy Svante Technologies Inc.’s second-generation carbon capture technology at the Big Spring refinery’s fluidized catalytic cracking unit (FCCU). The expected outcome is to capture 145,000 metric tons of carbon dioxide annually, along with reducing pollutants like SOx and particulate matter.
Strategic Impact and Goals
Avigal Soreq, President and CEO of Delek US, emphasized the project’s significance in decarbonizing hard-to-abate sectors. The initiative aims to position Delek US as a leader in the energy transition while achieving financial objectives and maintaining a disciplined approach to capital allocation.
Community Engagement and Job Creation
The project aligns with Delek’s commitment to community development. It is expected to create around 200 construction and operations jobs in 2027 and 2028. Delek will collaborate with the International Union of Operating Engineers (IUOE) and the United Steelworkers (USW). Additionally, a carbon capture schoolhouse will be established to train the workforce for the energy transition.
Company Overview
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, renewable fuels, and convenience store retailing. The company operates refineries in Texas, Arkansas, and Louisiana, with a combined crude throughput capacity of 302,000 barrels per day.
This strategic move by Delek US underscores its commitment to advancing carbon capture technology and contributing to the transformation of the energy landscape.
Source：prnewswire.com
