BKV, EnLink Begin Texas’ First Carbon Capture Project
TL/DR –
Energy firms BKV and Enlink Midstream have completed the first injection of carbon dioxide at a carbon capture and storage (CCS) facility in Texas ahead of schedule. The facility, named Barnett Zero CCS, is set to sequester an average of up to 210,000 metric tons of CO2-equivalent per year, serving as a model for future projects. BKV’s second CCS project, Cotton Cove, also located in Texas, is expected to commence commercial operations by 2024’s end.
Energy Firms BKV and Enlink Midstream Complete First Injection at Texas CCS Facility
Energy companies (BKV.N) and (ENLC.N) Enlink Midstream announced the successful initial injection of carbon dioxide at a Texas-based carbon capture and storage (CCS) facility, ahead of the proposed timeline.
The Barnett Zero CCS site, serving as an archetype for subsequent projects, is projected to sequester an average of up to 210,000 metric tons of CO2-equivalent yearly.
EnLink Midstream will carry natural gas sourced from BKV in north Texas’ Barnett shale to its Bridgeport processing facility. Here, CO2 will be condensed and stowed beneath the earth’s surface in a proximate well.
The Biden administration deems CCS crucial for realizing the national goal of net-zero emissions by 2050, and includes substantial tax credits for associated projects in the Inflation Reduction Act.
Oil and gas producers, inclusive of COP28 host the United Arab Emirates (UAE), endorse CCS technology as a solution for emissions while utilizing fossil fuels for energy generation.
BKV stated its second Texas CCS project, Cotton Cove, is set to commence commercial operations by the end of 2024.
The Thomson Reuters Trust Principles.
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