News Archive
US awards about $335m of investment tax credits for new hydrogen-equipment manufacturing facilities
April 18, 2024 - About $335m of investment tax credits have been awarded to eight companies for the construction of new hydrogen-equipment factories in the US, according to the US Department of Energy.Five of the awards of the Qualifying Advanced Energy Project Credit, also known as 48C, will go towards the construction of...
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Here’s why Kinder Morgan leased space at the Houston Ship Channel
April 18, 2024 - Houston-based Kinder Morgan Inc. (NYSE: KMI) is developing a carbon sequestration project near the Houston Ship Channel, joining several other carbon sequestration projects taking advantage of Houston’s vast amount of industrial emissions.Kinder Morgan and TGS Cedar Port Partners LP, which is leasing 10,800 acres of pore space...
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Kinder Morgan and massive industrial park owner team up for project near Houston Ship Channel
April 16, 2024 - Kinder Morgan Inc. (NYSE: KMI) is working with the owner of a massive industrial park in the Houston area on a carbon storage project.During its first-quarter 2024 earnings call April 17, the Houston-based midstream giant announced it had executed a pore space lease agreement with TGS Cedar Port Partners LP,...
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Blue Tide Environmental: Re-refining facility nears completion of Phase 2 expansion
April 7, 2024 - BlueTide Environmental, a pioneering force in sustainable oil production, is on the brink of completing Phase 2 of its ambitious re-refining facility expansion project in Baytown. With the first phase concluded in late 2023, which saw the successful production of Vacuum Gas Oil (VGO), the company now progresses to the construction of...
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Today, Equipment. Tomorrow, Whole Facilities: Hydrogen Could Fuel A New Industrial CRE Revolution
April 1, 2024 - The traditionally oil and gas city that bills itself as The Energy Capital of the World is increasingly planning ahead for a clean fuel source that is seeing a surge of interest and federal funding: hydrogen.The energy source isn't fully powering any Houston commercial buildings...
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Houston-area chemicals projects land some of $6B decarbonization funding
March 25, 2024 - Three chemicals projects near the Houston area and the Texas Gulf Coast have been selected for federal funding to drive their decarbonization goals forward.Spring-based Exxon Mobil Corp. (NYSE: XOM), Denmark-based Ørsted and Germany-based BASF Corp. will negotiate funding for their projects through the Department of Energy...
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Oil Majors Race to Cash in on Carbon Storage in East Texas
March 9, 2024 - Oil rigs are drilling a new type of well in East Texas, where carbon dioxide pipelines, top-tier geology and a slew of industrial emissions are kicking off a race to cash in on climate-change-fueled incentives, writes reporter Amanda Drane.Chevron started drilling test wells last month for...
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H-GAC honors Mont Belvieu’s Park
February 12, 2024 - The Houston-Galveston Area Council recognized Mont Belvieu’s Hackberry Park-Phase 1 as an award winner in its annual Parks and Natural Areas Awards Program. “We are honored and excited to win H-GAC’s Parks and Natural Areas Award,” said Mont Belvieu Parks and Recreation Director Dustin...
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State gives Lee branch campus OK
January 25, 2024 - As good educators should, Lee College and Barbers Hill ISD crossed all their Ts and dotted all there Is before heading up the road to Austin. Maybe rubbed a rabbit’s foot, just to make sure.But, as hoped, the Texas Higher Education Coordinating Board approved Lee College&rsquo...
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Houston dominates national ranking for top-selling master-planned communities
January 11, 2024 - As homebuyers flock to new suburban Houston construction, the region has become the U.S. leader in home sales at master-planned communities tracked by residential real estate consulting firm RCLCO.Overall, 12 master-planned communities in the Houston area are among the national list of the 50 best-selling master-planned communities in 2023....
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