Air Products Signs Two Agreements to Move Texas Carbon Capture and Sequestration Project Forward

Air Products APD announced today it has signed agreements with Valero Energy Corporation and Denbury Onshore, LLC to proceed with a planned carbon capture and sequestration project in Port Arthur, Texas. The carbon dioxide to be captured by Air Products will be delivered by Air Products via a pipeline owned by Denbury Green Pipeline-Texas to Denbury Onshore beginning in late 2012. The CO2 will be used by Denbury Onshore in enhanced oil recovery operations. "The signing of these agreements is a key step in moving this important project forward. Air Products has been an integral team member of several carbon capture projects around the world. We are a technology solutions provider and at Port Arthur we will have the opportunity to demonstrate these capabilities at a large industrial scale," said Wilbur Mok, vice president, North America Tonnage Gases for Air Products. "We look forward to working with Denbury and thank Valero for its cooperation and support at the Port Arthur location."