Bayou Bend CCS LLC (Bayou Bend), a carbon seize and sequestration venture positioned alongside the Texas Gulf Coast, introduced an enlargement of its carbon dioxide (CO2) storage footprint via the acquisition of practically 100,000 acres onshore in Chambers and Jefferson Counties, Texas.
The elevated acreage positions Bayou Bend to be one of many largest carbon storage initiatives in america.
Mixed with the beforehand introduced roughly 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend venture now encompasses practically 140,000 acres of pore house for everlasting CO2 sequestration. The entire acreage holds a gross storage capability of a couple of billion metric tons, positioning Bayou Bend to be a number one carbon transportation and storage answer for industrial emitters positioned within the Houston Ship Channel and Beaumont / Port Arthur area, one of many largest industrial corridors within the nation.
Bayou Bend is a three way partnership between Chevron U.S.A. Inc., via its Chevron New Energies division, Talos Power Inc., via its Talos Low Carbon Options division, and Carbonvert. Fairness pursuits in Bayou Bend stay 50 % Chevron, 25 % Talos and 25 % Carbonvert. Efficient March 1, 2023, Chevron turned the operator of the LLC.
Chris Powers, Vice President, CCUS, Chevron New Energies, stated: “Delivering CCUS and different decrease carbon options to harder-to-abate industries is key to Chevron New Energies’ mission. As a Southeast Texas native, I understand how very important these industries are to our native communities and their economies. With this enlargement, Bayou Bend is positioned to supply CCUS options throughout a broad area of the Gulf Coast, from Houston to Orange and into western Louisiana.”
Robin Fielder, Government Vice President – Low Carbon Technique and Chief Sustainability Officer of Talos, stated: “We’re enthusiastic about Bayou Bend and constructing the very best regional carbon sequestration hub with the appropriate storage infrastructure adjoining to 2 main Southeast Texas industrial corridors. Our partnership is dedicated to growing secure, dependable, cost-effective decarbonization options whereas enabling continued financial development within the area. Immediately’s announcement solidifies Bayou Bend’s place as Southeast Texas’s main carbon sequestration venture.”
Alex Tiller, President and CEO of Carbonvert, stated: “Increasing Bayou Bend, alongside our companions Chevron and Talos, is Carbonvert’s subsequent step to enabling important large-scale carbon elimination and discount initiatives. This enlargement units us up nicely to realize Carbonvert’s purpose of sequestering 100 million tonnes earlier than 2032 and underscores our place as one of many main unbiased, pure-play carbon seize and storage builders on the earth. We’re grateful for the chance to serve such an vital group in Southeast Texas and the larger Gulf Coast financial system.”
Jefferson County Decide Jeff Branick stated: “We’re happy that Chevron, Talos, and Carbonvert are progressing – and increasing – Bayou Bend in Jefferson County and the larger Golden Triangle space. This venture has the potential to additional improve the financial energy of our group, and we stay up for working with the enterprise of their endeavor.”
Chambers County Decide Jimmy Sylvia stated: “The enlargement of Bayou Bend into Chambers County presents the area with a major alternative to make sure the continued financial vitality of the japanese Houston Ship Channel, Mont Belvieu space and japanese Chambers County for years to come back. We stay up for our partnership with the builders.”
Winnie Space Chamber of Commerce Government Director Debbie Breaux stated: “Southeast Texas is house to a few of the state’s most significant industries and we’re excited in regards to the alternative to work with Chevron, Talos, and Carbonvert. Tasks like Bayou Bend are instantly linked to our mission of offering a fascinating high quality of life and financial atmosphere, and we stay up for continued collaboration.”
In 2021, Talos and Carbonvert have been chosen because the profitable bidders for the Texas Basic Land Workplace’s Jefferson County, Texas, carbon storage lease, positioned in state waters offshore Beaumont and Port Arthur, Texas. It stays the primary and solely offshore lease within the U.S. devoted to CO2 sequestration. Chevron joined the Bayou Bend three way partnership in Could 2022.