NextDecade (NASDAQ:NEXT) stated Tuesday it withdrew its utility for the proposed carbon seize and storage challenge on the Rio Grande LNG facility in Texas and requested the Federal Vitality Regulatory Fee terminate the continuing.
The corporate had proposed the challenge in 2021 to chop permitted carbon dioxide emissions at Rio Grande LNG by greater than 90%.
“The CCS challenge at RGLNG just isn’t sufficiently developed to permit FERC evaluation to proceed at the moment,” NextDecade (NEXT) stated.
Earlier this month, the D.C. Circuit Courtroom of Appeals overturned FERC’s authorization for Rio Grande LNG for failing to concern a supplemental environmental impression assertion.