BKV Company and Comstock Sources, Inc. have entered into an unique, non-binding settlement for BKV to develop carbon seize, utilization and sequestration (CCUS) initiatives at two of Comstock’s pure fuel processing services in its Western Haynesville working space.
As a part of the settlement, the businesses plan to develop CCUS injection wells to completely sequester carbon dioxide waste produced at Comstock’s Bethel and Marquez pure fuel processing and manufacturing services in Texas, in addition to different places, in line with a joint information launch.
The phrases of the potential initiatives are topic to additional negotiation and execution of a number of definitive agreements, the 2 firms stated.
- Advertisement -
The settlement “seeks to mix BKV’s confirmed and revolutionary CCUS capabilities with Comstock’s place as a number one producer within the Haynesville shale, a premier pure fuel basin in Northwest Louisiana and East Texas with direct entry to the excessive worth Gulf Coast markets and [the] LNG [liquefied natural gas] hall,” in line with the discharge.
“BKV is proud to carry our confirmed monitor document to the desk as we ship revolutionary options that meet rising power demand whereas managing carbon emissions,” BKV CEO Chris Kalnin stated. “Collaborating with a premier accomplice like Comstock is a compelling alternative to showcase how our CCUS portfolio can allow different pure fuel producers to make the most of low-carbon infrastructure and function extra sustainably. We view carbon seize as important to the way forward for accountable power, and this collaboration displays a shared dedication to innovation, sustainability, and the long-term viability of pure fuel. We’re enthusiastic about what we are able to obtain collectively”.
“Industrial prospects need scalable, low-carbon power options, and enhancing Comstock’s infrastructure with revolutionary CCUS partnerships will ship precisely that,” Comstock Sources CEO M. Jay Allison stated. “We’re excited concerning the alternative to collaborate on carbon seize initiatives that align with Comstock’s dedication to innovation and sustainability. BKV’s management in carbon seize and storage innovation makes them the best accomplice for executing our imaginative and prescient”.
New BKV Chief Industrial Officer
In the meantime, BKV stated it appointed Dilanka Seimon as the corporate’s chief business officer, a newly created position, efficient instantly.
Seimon most not too long ago served because the chief business officer of EnLink Midstream, accountable for companies throughout gathering, processing, transport, storage and terminal providers within the oil, fuel, NGL, and carbon segments. Previous to EnLink, he served as vp of different power at Power Switch and as vp for gross sales and advertising and marketing at BHP, the place he led groups accountable for logistics and advertising and marketing of BHP’s world oil, fuel, NGL, and LNG manufacturing portfolio, in addition to power procurement for BHP.
Headquartered in Denver, Colorado, BKV describes its core enterprise as producing pure fuel from its owned and operated upstream belongings. Its general enterprise is organized into 4 enterprise traces: pure fuel manufacturing; pure fuel gathering, processing and transportation; energy technology; and carbon seize, utilization and sequestration.
Comstock Sources describes itself as a number one impartial pure fuel producer with operations targeted on the event of the Haynesville Shale in North Louisiana and East Texas.
To contact the writer, e-mail rocky.teodoro@rigzone.com
Generated by readers, the feedback included herein don’t replicate the views and opinions of Rigzone. All feedback are topic to editorial evaluate. Off-topic, inappropriate or insulting feedback can be eliminated.
