Developments with US carbon capture and storage

A company planning CO2 storage in 7 states - and the move away from unabated coal power 0

Thursday, February 22, 2024, Webinar, Online

First, we will hear from John Thompson, Technology and Markets Director at the Clean Air Task Force, who is responsible for fostering low-carbon solutions for fossil fuels and promoting transitions to clean energy. John was one of the key architects of the new US tax policies that have generated a surge of investment in carbon capture and sequestration technologies, and he will provide an overview of the current status of carbon management in the US.

We'll hear from Tracy Evans, CEO of CapturePoint of Allen, Texas, a company evaluating and developing CO2 deep underground permanent storage projects in 6 states. CapturePoint's plans include the potential largest onshore CO2 storage project in the US, currently under development in central Louisiana, with multiple injection sites each capable of taking 7.5m tonnes a year CO2 for permanent storage, each with a lifetime capacity that may exceed 250m tonnes, and an estimated 1 GT capacity altogether.

Tracy will explain the unique geology of the Louisiana site and discuss progress in development there and at other CapturePoint sites. CapturePoint was formerly named Perdure Petroleum, with established CO2 / enhanced oil recovery (EOR) operations in Texas, Kansas and Oklahoma. The company currently permanently sequesters 1-2 mtpa CO2 in the EOR sites, and has commitments for over 3 mtpa CO2 for permanent deep underground sequestration as the new carbon storage sites come online. CapturePoint's development plans allow for a ten-fold or more increase in CO2 sequestration volumes in the next decade.

Third, we will hear from Vernon Travis, an elected member of Vernon Parish School Board in Louisiana and a key local leader who helped shape CapturePoint's community engagement project associated with their deep underground carbon capture site in the region. The "Capturing Better Futures" initiative created a apprenticeship program that trains local public school students in welding and other pipeline construction / maintenance.



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