HOUSTON–(BUSINESS WIRE)–NextDecade Corporation (NextDecade) (NASDAQ: NEXT) plans to acquire from the Brownsville Navigation District (BND) 1,500 acres of the Las Lomas ecological preserve as part of its ongoing sustainability and community commitments tied to the Rio Grande LNG (RGLNG) project. NextDecade’s commitments include habitat mitigation, wetland restoration, emissions reductions, and community investments.
On March 15, 2023, BND unanimously voted to pass a resolution to preserve the Las Lomas area located within the 40,000 acres of the Port of Brownsville. Upon the announcement of a positive final investment decision on the RGLNG project, NextDecade will acquire 1,500 acres of the Las Lomas preserve and establish a permanent conservation easement, protecting the acreage in perpetuity.
As part of the RGLNG overall mitigation plan, NextDecade plans to conserve more than 4,000 acres including:
- 1,500 acres at the Las Lomas preserve;
- 1,531 acres of property known as the Miradores Mitigation Site, of which approximately 371 acres will be restored to wetlands and the remaining acreage will be restored to native thorn scrub habitat; and
- 1,050 acres of land associated with the Dulaney Farms tract, which was protected in coordination with The Conservation Fund in 2021 to expand the Laguna Atascosa National Wildlife Refuge ocelot habitat area.
The more than 4,000 acres included in NextDecade’s mitigation plan are equivalent to five times the 761 acres of land directly impacted by the RGLNG export terminal.
Additional details about NextDecade’s environmental stewardship, safety, and community commitments, are available at next-decade.com/esg.
About NextDecade Corporation
NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage (CCS) projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO2 emissions at their industrial-scale facilities. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “target,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design,” “assume,” “budget,” “guidance,” and “forecast” 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 assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions 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 NextDecade’s progress in the development of its LNG liquefaction and export projects and CCS projects and the timing of that progress; the timing of achieving a final investment decision on the Rio Grande LNG terminal (the “Terminal”); reliance on third-party contractors to successfully complete the Terminal, the pipeline to supply gas to the Terminal and any CCS projects; ability to develop NCS’ business though implementation of CCS projects; ability to secure additional debt and equity financing in the future to complete the Terminal and CCS projects on commercially acceptable terms; accuracy of estimated costs for the Terminal and CCS projects; ability to achieve operational characteristics of the Terminal and CCS projects, when completed, including liquefaction capacities and amount of CO2
Contacts
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