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“ Heimdal operates a small DAC facility that was initially established to test their separation technology ,” Tracy confirms . “ At CapturePoint ’ s Oklahoma Carbon Hub , Heimdal separates the
CO 2 from the air , then delivers the CO 2 to our compressor , which feeds into our production system and is ultimately injected into the ground . As a multi-modal site , the Oklahoma Hub can receive CO 2 from multiple sources .
We get CO 2 from a nearby ammonia plant , for instance , as well as the DAC facility located at the CO 2
EOR project , and Azure is planning a Sustainable Aviation Fuels ( SAF ) plant that will connect with our CO 2 transport pipeline in the future .”
Substantial growth plans
The Oklahoma Carbon Hub currently utilizes approximately 750,000 metric tons of CO 2 emissions annually from the Coffeyville Resources Nitrogen Fertilizer plant in Kansas . Once captured , the CO 2 is transported around 68 miles southwest in a dedicated pipeline to Osage County , Oklahoma where the company has over 80 active Class II CO 2 injection wells . With potential expansion in mind , CPS has contracted for more than 10,000 acres of underground CO 2 storage space in Osage and Kay Counties , as well as applying for a Class VI permit to allow development of a regional deep underground carbon storage site , which it hopes to receive in 2026 . The business has also recently secured a grant from the US Department of Energy to study options for the ongoing future development of the Oklahoma Carbon Hub .
At four additional sites , CPS is in the early stages of evaluation and development for over 280,000 acres of potential deep underground geologic carbon storage space . The sites in Colorado , New Mexico , Mississippi , and Wyoming could collect and sequester CO 2 emissions from industrial emitters in the surrounding areas following the models established in Louisiana and Oklahoma .
As our conversation ended , Tracy turned to how the business will strive for continued
growth and operational success . “ 2025 looks steady for us on the oil production side of the business , and we ’ ll continue to take CO 2 from fertilizer and ethanol plants ,” he says . “ However , 2025 will be a transitional year for our CPS business , as we expect to receive our first-Class VI permit at our CENLA Hub project which will sharply change the trajectory of the company and foster growth in our carbon management services .
“ To give some perspective , we ’ ve invested around $ 17 million in the oil side of the business every year since 2017 . But starting in mid-2025 , we project our first CPS project will require an investment of around $ 20 million every month ! That is a whole different level of investment for us ,” Tracy concludes . “ Further afield , we plan to build out what we label ‘ sequestration as a service .’ We expect that more industrial facilities will install and operate their own carbon separation and capture equipment , so we will expand our CO 2 pipeline transportation services and our CO 2 storage options . We ’ re poised for substantial growth in 2030 and beyond as the projects we currently have underway become fully operational down the line .” ■
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