News Archive
Calpine’s Baytown CCS project Selected by the Department of Energy
December 13, 2023 - Today, Calpine announced that its Baytown Decarbonization project has been selected by the Office of Clean Energy Demonstrations within the Department of Energy (DOE) to negotiate to enter into a cost-sharing agreement to build a commercial-scale carbon capture and storage (CCS) project that will capture and store approximately two million...
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John Cockerill completes groundbreaking of new US gigafactory in Houston
December 8, 2023 - Continuing our progress in the clean energy sector, John Cockerill is proud to announce our entry into the North American market with our new gigafactory in Baytown, TX, where we will operate the first alkaline electrolyzer gigafactory in the US. The formal groundbreaking of our new gigafactory was celebrated on...
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Riceland community in Mont Belvieu to deliver first lots, start first commercial building
November 29, 2023 - Riceland, a master-planned community spanning more than 1,400 acres in Mont Belvieu in Chambers County, is set to deliver its first homesites and start construction on the town center’s first commercial building.The 144-acre first phase will include 417 homesites ranging from 42-foot alley-loaded lots to 70-foot traditional lots,...
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New logistics terminal opens along Texas Gulf Coast
November 13, 2023 - Project freight forwarder deugro announced it has opened a 96,775-square-foot operations and logistics terminal in Baytown, Texas, about 26 miles east of Houston.The facility offers access to the nearby Houston Ship Channel, as well as commercial ports in Houston and Galveston, according to Jeff Smith, deugro USA&rsquo...
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Two Houston-area ports receive combined $26.9M in federal funding for improvement projects
November 5, 2023 - Two Houston-area ports will soon see a combined $26.9 million worth of projects come to fruition thanks to federal grants from the U.S. Department of Transportation’s Maritime Administration.Cedar Port in Baytown will receive nearly $10.9 million for its infrastructure development project, and Port Freeport in southern Brazoria County...
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ExxonMobil completes acquisition of Denbury
November 1, 2023 - SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares...
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Baytown council forms new economic development advisory committee
October 26, 2023 - After working for over a month, Baytown City Council has formed the Baytown Economic Development Advisory Committee. The new committee will include citizens that live in extraterritorial jurisdiction areas.Councilwoman Laura Alvarado spoke about the proposed ordinance at Thursday’s council meeting, saying it would include seven members. She...
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LyondellBasell buys into Houston recycling project with Exxon
October 26, 2023 - LyondellBasell said Thursday it acquired a 25% stake in a joint venture with Exxon Mobil as the companies advance their plans for a $100 million recycling project in Houston.The move gives the chemicals company level footing with Exxon, which also has a 25% percent stake. Oregon-based advanced recycling company...
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John Cockerill advances US expansion of hydrogen with launch of gigafactory in Baytown
October 24, 2023 - John Cockerill Hydrogen, a world leading electrolyzer manufacturer announced its US entry with the acquisition of manufacturing space in Baytown for a new gigafactory. The facility is expected to create 200 new jobs and produce 1GW per year of electrolyzers.John Cockerill Hydrogen will serve the North American market from Houston...
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Resin Exports Help Port Houston as Imports Fall
September 25, 2023 - Loaded exports are helping to support overall volumes at Port Houston’s container terminals as loaded import volumes fall compared to record levels in 2022.Export volumes at Port Houston have increased by 10% year-to-date, driven primarily by resin exports. Port Houston is the top gateway for resin exports...
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