BKV Company stated it’s partnering with an undisclosed “main diversified midstream firm” to develop a brand new carbon seize and sequestration (CCS) facility at a at present working pure gasoline plant in South Texas.
The pure gasoline processing plant, situated close to the town of Freer in south Texas, processes pure gasoline produced within the Eagle Ford Shale. Underneath the introduced partnership, BKV will buy the carbon dioxide (CO2) waste stream from the plant, which can then be compressed, transported and completely sequestered through BKV’s injection properly at an adjoining web site, the corporate stated in a information launch.
BKV famous that it’s going to retain the environmental attributes related to the CCS undertaking. The undertaking reached a ultimate funding resolution (FID) in December 2024.
- Advertisement -
The Texas Railroad Fee has permitted the undertaking’s Class II injection properly and a monitoring, reporting and verification (MRV) plan has been submitted to the USA Environmental Safety Company for approval, BKV stated.
BKV expects the undertaking to be totally operational within the first quarter of 2026, topic to receipt of all required permits. The ability is forecast to attain a mean sequestration price of roughly 90,000 metric tons per 12 months of carbon dioxide (CO2) equal.
The brand new CCS facility provides to BKV’s carbon seize, utilization and sequestration (CCUS) portfolio, which incorporates the operational CCS facility on the Firm’s Barnett Zero web site in north Texas and the Cotton Cove CCS undertaking, which has reached FID and is anticipated to start preliminary sequestration operations within the first half of 2026, in line with the discharge.
“This new CCS undertaking addition to our portfolio additional demonstrates our dedication to reaching net-zero emissions from our owned and operated upstream and pure gasoline midstream companies and showcases the execution of our differentiated enterprise mannequin to make this imaginative and prescient a actuality,” BKV CEO Chris Kalnin stated.
“Collaborating with one of many largest vitality firms in the USA is vital for advancing our closed loop, net-zero technique of deploying worthwhile CCUS belongings. We’re thrilled on the alternative to proceed deployments of our emissions discount know-how,” Kalnin added.
In June 2024, BKV introduced a contract for the sale and buy of carbon sequestered gasoline (CSG) with Kiewit Infrastructure South Co., a subsidiary of Kiewit Company.
CSG is a pure gasoline product that’s Scope 1, 2 and three carbon-neutral, successfully mitigating the environmental influence of pure gasoline consumption, BKV stated in an earlier assertion. CSG is generated by pairing low methane depth pure gasoline and offsetting emissions related to the whole gasoline worth chain.
Kiewit Infrastructure South’s Fort Value Upkeep Facility receives the gasoline straight from a pipeline being constructed to service their facility in addition to the whole Markum Enterprise Park, the place the power is situated.
Headquartered in Denver, Colorado, BKV’s core enterprise is producing pure gasoline from its owned and operated upstream companies. BKV is among the prime 20 gas-weighted pure gasoline producers within the USA and the most important pure gasoline producer by gross operated quantity within the Barnett Shale.
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 evaluation. Off-topic, inappropriate or insulting feedback will likely be eliminated.
