QEP Spends Big on CCS

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Private equity giant Quantum Energy Partners (QEP) is investing $400 million to pursue carbon capture and sequestration (CCS) projects and related midstream assets in North America. The equity commitment announced Tuesday is for portfolio company Trace Midstream, which has formed a carbon solutions business known as Trace II. The company points to its partnerships with point-source emitters in industries including oil and natural gas, power generation and manufacturing. "We’re excited about the opportunity across the CCS value chain and believe that the Trace team is well positioned to become a leading developer and operator of CCS assets,” said QEP Managing Director Blake Webster.

Carbon Capture (CCS), Corporate Strategy , Emerging Technologies, Midstream Companies, Capital Spending, Independent E&Ps
Wanda Ad #2 (article footer)
Many consider carbon capture and storage an almost magical tool to allow the oil industry continue growing, but the reality is different.
Wed, May 31, 2023
The company is expanding its presence in the US with "multiple" new agreements, drawn by more attractive incentive structures south of the Canada border.
Tue, Jun 6, 2023