Carbonvert Sells Interest in Bayou Bend CCS Project to Equinor
Published by Todd Bush on September 4, 2023
HOUSTON--(BUSINESS WIRE)--Carbonvert Inc., is pleased to announce the sale of 100% of its ownership interest in the Bayou Bend carbon capture and sequestration project (“Bayou Bend”) in Southeast Texas to Equinor. This strategic decision underscores the mutual commitment of both entities to accelerate the transition to a low-carbon future.
>> In Company Spotlight: Equinor
Carbonvert is incredibly proud of its foundational role in the origination and early development of the Bayou Bend project. As the first Carbon Capture, Transport, and Storage (“CCS”) project to receive an offshore lease dedicated to CO2 sequestration in the U.S., Bayou Bend has been pivotal in inspiring a new era of CCS projects across the Gulf of Mexico region.
>> RELATED:
Equinor’s acquisition fuels the continued expansion of the CCS sector and enables Carbonvert to scale and develop its expansive CCS project pipeline.
Carbonvert CEO Alex Tiller said, “Partnering on projects to ensure their long-term success has been at the core of our business philosophy from the beginning. This divestiture will fund the continued growth of Carbonvert’s CCS portfolio in the U.S. while putting an amazing decarbonization asset in the hands of world-class organizations that are well positioned to operate the system for decades to come.”
Carbonvert believes that stakeholders in the Golden Triangle and Houston Ship Channel will benefit from Equinor’s participation in the Bayou Bend project, including their track record of maintaining the highest levels of integrity with the communities they serve.
>> In Company Spotlight: Carbonvert
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Companies
Latest issues
-
100M Gallons of SAF, No Trucks Required
Inside This Issue ✈️ Pittsburgh Airport Is Building America's First On-Site SAF Plant 📝 Wren's 2026 Request for Proposals 🍁 Canada Expands CCUS Investment Tax Cr to Include Enhanced Oil Recovery 🏭...
-
Canada Set Alberta's Carbon Price at C$130. Here's the Catch.
Inside This Issue 🍁 Carney To Visit Calgary On Friday To Announce Industrial Carbon Pricing Deal, Sources Say 🚆 Frontier Advances CO₂-By-Rail System With Key Carbon Market Milestones ⛽ US House Pa...
-
They're Capturing Carbon With Baking Powder. It's Working.
Inside This Issue 🧬 Caravel Bio Accelerates Cost-Efficient Carbon Capture With Novel Protein Engineering 🧂 Akros Energy Inaugurates Pilot Plant For Salt-Based Hydrogen Storage 🍁 Anaergia’s Rhode I...
Company Announcements
-
Wren's 2026 Request for Proposals
Wren invites organizations working to implement climate solutions to apply to our 2026 request for proposals. Selected organizations will receive funding via a grant or a carbon credit purchase (of...
-
EVOLOH Launches Commercial-Scale Hydrogen Project at 3M Facility
Milestone agreement marks EVOLOH's largest deployment to date, validating its innovative electrolyzer stack technology in a demanding industrial environment SANTA CLARA, CA / ACCESS Newswire / May...
-
Emissions Reduction Alberta (ERA) is investing $50 million through its annual Industrial Transformation Challenge to bolster the competitiveness of Alberta’s industrial and natural resources sector...
-
With a Possible Referendum Looming, Carney and Smith Find Common Ground on Carbon Pricing
Prime Minister Says He Hopes Albertans See a 'Canada That Works' On Friday morning in Calgary, Mark Carney and Danielle Smith shook hands, then signed and posed with official copies of an "impleme...