Pact signed for mega solar thermal plant
The proposed solar project could save more than 800,000 tonnes of carbon dioxide (CO2) emissions each year.
Occidental Petroleum’s global strategy includes active investment in CO2 EOR and carbon capture, utilisation and storage (CCUS), as well as other emissions-reducing technologies.
This low emissions energy utilisation project and approach is one aspect being explored and commercialised by Occidental of Oman’s Low Carbon Ventures business unit in partnership with asset teams across their global operations.
This project will enable technical learning and commercialisation success to promote similar projects in other areas to help reduce Occidental’s global carbon footprint.
Steve Kelly, President and General Manager of Occidental of Oman said, “We are excited about working with Glasspoint to enhance our environmental stewardship in Oman and strengthen Occidental’s position in the lower-carbon economy.
This is a strategic opportunity for us to tap into solar as a sustainable source of energy in order to minimise the carbon footprint of our operations.” Steven Moss, CEO of Glasspoint Solar said, “We’re looking forward to building on our success with another major solar project in Oman.
Occidental of Oman’s interest shows the scale of opportunity renewables can play in reducing the energy use and environmental impact of oil production. We’re pleased to work with Occidental of Oman to grow Oman’s solar industry and the global market for solar powered oil production.”