Business
NextDecade to Establish Permanent Conservation at the Las Lomas Area
HOUSTON--(BUSINESS WIRE)-- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) plans to acquire from the Brownsville Navigation District (BND) 1,500 acres of
About this update from Nextdecade Corporation
[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nNextDecade 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.\n\nOn 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.\n\nAs part of the RGLNG overall mitigation plan, NextDecade plans to conserve more than 4,000 acres including:\n\n\n1,500 acres at the Las Lomas preserve;\n\n\n1,531 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\n\n\n1,050 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.\n\n\nThe 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.\n\nAdditional details about NextDecade’s environmental stewardship, safety, and community commitments, are available at next-decade.com/esg.\n\nAbout NextDecade Corporation\n\nNextDecade 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 emi...