{"id":476057,"date":"2021-04-14T08:03:34","date_gmt":"2021-04-14T12:03:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/"},"modified":"2021-04-14T08:03:34","modified_gmt":"2021-04-14T12:03:34","slug":"nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/","title":{"rendered":"NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas"},"content":{"rendered":"

<\/p>\n

NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nNextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Mitsubishi Heavy Industries America, Inc. (MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR ProcessTM<\/sup>, a post-combustion carbon capture technology to be applied at NextDecade\u2019s Rio Grande LNG project in the Port of Brownsville, Texas.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210414005133\/en\/<\/a><\/p>\n

\"(Photo:<\/p>\n

(Photo: Business Wire)<\/p>\n<\/div>\n

\nLast month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage (CCS) projects in North America at Rio Grande LNG. NEXT Carbon Solutions\u2019 CCS project at Rio Grande LNG is expected to enable the capture and permanent geologic storage of more than five million tonnes of carbon dioxide (CO2<\/sub>) per year.\n<\/p>\n

\nMHI Group has developed the KM CDR ProcessTM<\/sup> over three decades; the KM CDR ProcessTM<\/sup> is owned by Mitsubishi Heavy Industries Engineering, Ltd., part of the industrial group. MHI Group has deployed 13 carbon capture systems around the world, including the world\u2019s largest post-combustion carbon capture facility that is comparable in size to the first phase of the carbon capture project at Rio Grande LNG.\n<\/p>\n

\n\u201cWe are pleased to have executed an ESA with MHI Group, a widely recognized leader in commercial-scale carbon capture technology,\u201d said Matt Schatzman, NextDecade\u2019s Chairman and Chief Executive Officer. \u201cMHI Group\u2019s carbon capture solution is an ideal complement to NextDecade\u2019s proprietary processes. We look forward to working with MHI Group on the CCS project at Rio Grande LNG, which we expect to be the greenest LNG project in the world.\u201d\n<\/p>\n

\n\u201cWe are proud to work with NextDecade on this world leading project,\u201d said Yoshihiro Shiraiwa, MHIA\u2019s President and Chief Executive Officer. \u201cThis will be the world\u2019s first application of post-combustion capture for LNG, and we expect this initiative will contribute to realizing carbon neutrality in the years ahead. MHI Group is committed to being an innovative solution provider as the energy industry transitions to lower carbon options. We will work diligently with NextDecade to bring this project to fruition.\u201d\n<\/p>\n

\nThrough NEXT Carbon Solutions\u2019 CCS project at Rio Grande LNG, NextDecade and MHIA will contribute to solving the global challenge of effectively reducing greenhouse gas emissions.\n<\/p>\n

About NextDecade Corporation<\/b><\/p>\n

\nNextDecade Corporation (NextDecade) is committed to providing the world access to cleaner energy. NextDecade, through its wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. The Rio Grande LNG facility is expected to be the largest and greenest U.S. LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market. NextDecade\u2019s common stock is listed on the Nasdaq Stock Market under the symbol \u201cNEXT.\u201d NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com<\/a>.\n<\/p>\n

About Mitsubishi Heavy Industries Group<\/b><\/p>\n

\nMitsubishi Heavy Industries (MHI) Group is one of the world\u2019s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com<\/a>.\n<\/p>\n

NextDecade Forward-Looking Information<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of U.S. federal securities laws including, in particular, statements about the Company\u2019s private placement of Series C Preferred Stock and the use of proceeds thereof. The words \u201canticipate,\u201d \u201ccontemplate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cbelieve,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201ccan have,\u201d \u201clikely,\u201d \u201ccontinue,\u201d \u201cdesign\u201d and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade\u2019s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade\u2019s LNG liquefaction and export projects and the timing of that progress; NextDecade\u2019s final investment decision (\u201cFID\u201d) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the \u201cTerminal\u201d) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party\u037e NextDecade\u2019s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal\u2019s and the third-party pipeline’s construction and operations activities\u037e NextDecade\u2019s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; NextDecade\u2019s ability to develop and implement carbon capture and storage or similar technology to reduce anticipated carbon emissions from the Terminal; global pandemics including the 2019 novel coronavirus pandemic and their impact on NextDecade\u2019s business and operating results, including any disruptions in NextDecade\u2019s operations or development of the Terminal and the health and safety of NextDecade\u2019s employees, and on NextDecade\u2019s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade\u2019s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade\u2019s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the \u201cRisk Factors\u201d section of NextDecade\u2019s Annual Report on Form 10-K for the year ended December 31, 2020 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference. Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210414005133\/en\/<\/a><\/span><\/p>\n

\nPatrick Hughes
\n
phughes@next-decade.com
\n<\/a>
+1 (832) 209 8131\n<\/p>\n

\nCorporate Communication Department
\n
Mitsubishi Heavy Industries, Ltd.
\n
mediacontact_global@mhi.co.jp<\/a><\/p>\n

KEYWORDS:<\/b> Texas United States Japan North America Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Energy Utilities Oil\/Gas Environment Other Manufacturing Energy Engineering Manufacturing<\/p>\n

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NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas HOUSTON–(BUSINESS WIRE)– NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Mitsubishi Heavy Industries America, Inc. (MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR ProcessTM, a post-combustion carbon capture technology to be applied at NextDecade\u2019s Rio Grande LNG project in the Port of Brownsville, Texas. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210414005133\/en\/ (Photo: Business Wire) Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage … <\/p>\n

Continue reading “NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-476057","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas HOUSTON–(BUSINESS WIRE)– NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Mitsubishi Heavy Industries America, Inc. (MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR ProcessTM, a post-combustion carbon capture technology to be applied at NextDecade\u2019s Rio Grande LNG project in the Port of Brownsville, Texas. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210414005133\/en\/ (Photo: Business Wire) Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage … Continue reading "NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-14T12:03:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210414005133\/en\/871118\/4\/Site-Rendering.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas\",\"datePublished\":\"2021-04-14T12:03:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\\\/\"},\"wordCount\":1293,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210414005133\\\/en\\\/871118\\\/4\\\/Site-Rendering.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\\\/\",\"name\":\"NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas - 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(MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR ProcessTM, a post-combustion carbon capture technology to be applied at NextDecade\u2019s Rio Grande LNG project in the Port of Brownsville, Texas. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210414005133\/en\/ (Photo: Business Wire) Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage … Continue reading \"NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-14T12:03:34+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210414005133\/en\/871118\/4\/Site-Rendering.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas","datePublished":"2021-04-14T12:03:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/"},"wordCount":1293,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20210414005133\/en\/871118\/4\/Site-Rendering.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-mitsubishi-heavy-industries-america-execute-engineering-services-agreement-for-carbon-capture-at-rio-grande-lng-project-in-texas\/","name":"NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas - 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