Permian CO2 storage project gets funding

Projeo Corp. to demonstrate feasibility of converting mature oil and gas field for storage

Projeo Corp., a subsidiary of GTI International, announced it has been awarded over $38 million in U.S. Department of Energy (DOE) funding to support the development of new carbon storage demonstrations.

Projeo’s selected project, The Phoenix Project, intends to demonstrate the feasibility of safely converting a mature oil and…

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