Carbonvert and Castex Energy, through its wholly owned subsidiary Castex Carbon Solutions, have executed an operating agreement with the State of Louisiana to develop a 24,000-acre tract of land situated in state waters, offshore Cameron Parish, to permanently store carbon dioxide, reports The Journal of Petroleum Technology.
Based on Castex’s technical and subsurface studies and the region’s subsurface geology, the Cameron Parish CO2 Hub has a total storage capacity of more than 250 million metric tons of CO2 and will service the region’s high concentration of existing industrial emitters and anticipated greenfield projects, notably ammonia and LNG facilities. The partners are also exploring opportunities to repurpose existing pipeline infrastructure to support the project.
In August 2022, the partners executed a 50/50 joint venture agreement to jointly identify and advance CCS projects in Louisiana. Castex will serve as the operator for the Cameron Parish CO2 hub. Read more.