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
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🌿 Gevo to Acquire Red Trail Energy Assets in North Dakota, Including Operating Low-carbon Ethanol Production and Carbon Sequestration Facilities, Expanding Platform for Sustainab...
Inside this Issue 💡 1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding 🔗 H2 Clipper's Patented 'Hydrogen Ledger' Uses Blockchain Technology to Track Purity a...
Inside this Issue 💡 DOE Issues Notice of Intent for Funding to Advance Hydrogen and Fuel Cell Technologies to Drive National Decarbonization 🛢️ Exploring Natural Hydrogen: MAX Power’s Groundbreaki...
The world’s first ship-to-ship transfer of ammonia using vessels at anchorage in a working port environment has been completed. The transfer is a significant step towards realizing ammonia as a shi...
Company Marks Major Milestone Paving the Way for Zero-Emission Heavy-Duty Transportation BOLINGBROOK, Ill., Sept. 16, 2024 /PRNewswire/ — Hyzon (NASDAQ: HYZN) ("Hyzon" or the "Company"), a U.S.-ba...
Desert Mountain Energy Corp. Announces Commercial Production of Helium
VANCOUVER, BC, Sept. 16, 2024 /PRNewswire/ — DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. Desert Mountain Energy Corp. ...
Ara Energy Decarbonization to be Led by Shameek Konar, Former CEO of Pilot, and Team of Energy and Commodities Experts HF Capital, Investment Arm of Haslam Family, Commits up to $725 Million to Ar...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.