Carbon Capture

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Midstream operator Enterprise Products Partners and upstream giant Occidental Petroleum have agreed to work together to potentially develop a carbon dioxide (CO2) transportation and sequestration hub on the Texas Gulf Coast. Oxy Low Carbon Ventures and a unit of Enterprise have signed a letter of intent to team up on a project that would initially focus on providing services to emitters in the industrial corridors stretching from greater Houston to the Beaumont/Port Arthur areas. The initiative would combine Enterprise’s leading midstream position with Oxy’s extensive experience in subsurface characterization and CO2 sequestration. Companies up and down the value chain are looking at ways to collaborate and leverage expertise to build out carbon capture and sequestration hubs, with an early initial focus on the heavily industrialized Gulf Coast. In the latest such tie-up, Enterprise says it would develop the CO2 aggregation and transportation network “utilizing a combination of new and existing pipelines” along the Gulf Coast. Oxy, meanwhile, is developing sequestration hubs on the Gulf Coast and across the US, including some that could be anchored by direct air capture facilities.

Carbon Capture (CCS), CO2 Emissions, Low-Carbon Policy
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