Chevron USA Inc., through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners LP agreed to study and evaluate opportunities for carbon dioxide (CO2) capture, utilization, and storage (CCUS) from their respective business operations in the US Midcontinent and Gulf Coast. The companies expect the initial phase of the study in which they will evaluate specific business opportunities to last about 6 months.
Projects resulting from the evaluation would seek to combine Enterprise’s midstream pipeline and storage network with Chevron’s subsurface knowledge to create opportunities to capture, aggregate, transport and sequester CO2.
“The joint study with Chevron is part of our growing focus on developing and utilizing new technologies and leveraging our transportation and storage network in order to better manage our own carbon footprint and provide customers with new midstream services to support a lower carbon economy,” said A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner. “Our success in upgrading and repurposing existing assets will be important to the success of any initiative we move forward with.”