___________________________________________________________________________________________________ CapturePoint
carbon capture equipment , the pipelines that delivered the CO 2 from the ammonia fertilizer and bio-ethanol manufacturing plants to our oil fields , and the CO 2
-EOR production projects themselves . Thus , we had all the internal capabilities required to launch a CCUS company .
“ In 2021 , we established CapturePoint Solutions ( CPS ),” he continued , “ to develop deep underground carbon storage centers and integrated carbon support services for industrial scale CO 2 emitters . We also redefined the CapturePoint market as the full scope of carbon management and storage services . We have continued to sustain a strong and profitable EOR sector , but now that is incorporated into our broader CCUS strategy . Where those operations and facilities once served only CapturePoint internally , they are now part of the carbon utilization and storage options we offer to our clients , whether they are industrial emitters , environmental pioneers like Direct Air Capture ( DAC ) or clean energy developers .
“ Today , our flagship project is the CPS CENLA Hub ,” Tracy highlighted , “ where we are poised to deliver a nationally significant deep underground carbon storage center in central Louisiana with a dedicated CO 2 pipeline feeder system that will service a regional network of both traditional energy producers and advanced large-scale clean energy projects . Over the long term , we expect this project to be a vital catalyst for local economic development in an underserved region . As soon as a Class VI carbon injection permit is issued , however , the CPS CENLA Hub will immediately enter service as a critical component of Louisiana ’ s next generation economy and America ’ s energy future .”
Tracy went on to describe the connections being built : “ The first movers in the CPS CENLA Hub are two of our nation ’ s largest energy companies , Energy Transfer and Expand Energy . As the largest producers and processors of natural gas in the Haynesville
Formation – currently the most productive natural gas basin in the United States – the CO 2 offtake commitments from these leading energy companies will establish important initial momentum .
“ We also have agreements with Heirloom and Climeworks ,” added Tracy , “ to provide the CO 2 storage services that are essential to the viability of their massive Direct Air Capture ( DAC ) demonstration projects in Louisiana . As part of the Project Cypress national demonstration program funded by the US Department of Energy and managed by Battelle , both DAC companies plan to scale up in phases that will generate millions of dollars in investments and hundreds of jobs in both Northwest Louisiana near Shreveport and in Southwest Louisiana in the Lake Charles vicinity . Bia Energy also plans to use our CO 2 transportation and storage services for their planned $ 1 billion-plus lowcarbon Blue Methanol project in Louisiana , and we are in negotiations with several other regional industrial projects with large-scale carbon management needs .
Exciting progress
“ As the CPS CENLA Hub develops , it has the potential to become the largest onshore carbon storage project in the US with an eventual capacity of over two billion metric tons ,” Tracy explained . “ The unique geology of the region – which has multiple thick rock layers of containment , extremely low likelihoods of seismicity , and saline sediments that will easily accept CO 2 injection but also strongly inhibit lateral movement – has all the hallmarks recognized in the best , most dependable deep underground storage sites worldwide . CapturePoint intends for the CPS CENLA Hub to set the standard for the next generation of secure and permanent CO 2 storage , safeguarding both environmental and public health .
“ The entire CapturePoint team is excited by the progress at the CPS CENLA Hub , and
energy-oil-gas . com 75