Equinor acquires stake in Bayou Bend CCS project from Carbonvert

Aug. 28, 2023
Equinor Energy AS has acquired Carbonvert Inc.’s 25% interest in Bayou Bend CCS LLC, a carbon capture and sequestration project sited along the Texas Gulf Coast.

Equinor Energy AS has acquired Carbonvert Inc.’s 25% interest in Bayou Bend CCS LLC, a carbon capture and sequestration project sited along the Texas Gulf Coast. Equinor acquired its 25% share through the purchase of Texas Carbon 1 LLC, a subsidiary of Carbonvert.

Bayou Bend is positioned to be one of the largest CCS solutions in the US for industrial emitters, with nearly 140,000 gross acres of pore space for permanent CO2 sequestration and gross potential storage resources of more than 1 billion metric tons. The Bayou Bend total acreage includes nearly 100,000 gross acres onshore in Chambers and Jefferson Counties, Tex., and about 40,000 gross acres offshore Beaumont and Port Arthur, Tex. (OGJ Online, Mar. 6, 2023).

Bayou Bend is a joint venture of Chevron USA Inc. (operator, 50%), through its Chevron New Energies division, Talos Energy Inc. (25%), through its Talos Low Carbon Solutions division, and Equinor.