Enterprise and Oxy plan CO2 project along Texas Gulf Coast

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Two Houston traditional energy stalwarts are planning a carbon capture and transport project that they say would “promote a low-carbon economy for the energy capital of the world.”

Enterprise Product Partners and Occidental Petroleum plan to create a carbon dioxide sequestration and transport system that could sell carbon management services to emitters along the Texas Gulf Coast, they said in a man of statet. They plan to combine the pipeline company’s transportation network with carbon sequestration centers being developed by Oxy, an oil producer that is growing in the area of ​​carbon management.

The idea is to initially focus on capturing emissions along the industrial corridor from Houston to Beaumont and Port Arthur.

RELATED: Occidental Reveals Plans for World’s Largest Direct Airborne Carbon Capture Facility in Texas

“For many years, Enterprise and Oxy have successfully collaborated in the development of traditional oil and gas projects,” said Enterprise Co-CEO Jim Teague, “We are excited to evolve this relationship.”

Oxy last month announced plans to spend up to $1 billion on a facility that could remove 500,000 tonnes of carbon dioxide directly from the air. It would be the largest direct air capture project in the world.

The energy transition is driving interest in carbon capture projects, which are expected to grow tenfold by 2030, according to Norwegian energy consultancy Rystad Energy said tuesday. Still, he said the projected influx is not aggressive enough – the projected carbon capture capacity is below what is needed to meet the International Energy Agency’s net zero scenario.

“With global CO2 emissions rebounding to new records post Covid-19, demand for CCUS projects is accelerating,” said Yvonne Lam, head of carbon capture research at Rystad. “Amplified by widespread energy security concerns amid the Russian-Ukrainian war, calls for faster decarbonization of the energy industry, particularly in Europe, are growing louder.

amanda.drane@chron.com


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