BKV Corp. and EnLink Midstream LLC have reached a Phase I final investment decision and agreed to develop a carbon capture and sequestration (CCS) project in the Barnett shale region of North Texas. The companies plan to begin injecting carbon dioxide by end-2023.
Under the agreement, EnLink will use modified infrastructure to transport natural gas produced by BKV’s Barnett shale operations to an EnLink gas processing plant in Bridgeport, Tex. At the Bridgeport plant, the CO2 waste stream will be captured, compressed, and then disposed of through permanent sequestration via BKV's nearby injection well.
BKV said the project will offset its emissions by about 10%. It has a goal of reaching net-zero Scope 1-2 emissions by 2025. As part of its sustainability efforts, BKV recently formed dCarbon Ventures, a dedicated business unit focused on CCS innovations and project development.
EnLink has targeted a 30% reduction in CO2-equivalent emissions intensity by 2030 over its 2020 Scope 1 emissions intensity. The company is working with Honeywell International Inc. to develop CCS solutions along the Louisiana Gulf Coast between New Orleans and Baton Rouge.