Enterprise, Oxy mull Gulf Coast carbon-capture project
HOUSTON (ICIS)–Enterprise and a subsidiary of Occidental Petroleum signed a letter of intent to develop a project that would collect carbon dioxide (CO2) from industrial plants along the US Gulf Coast and ship it via pipeline to hubs where it would be sequestered, the companies said on Monday.
The project could stretch from Houston to Beaumont and Port Arthur in Texas, a region that is filled with refineries and petrochemical plants.
Enterprise would develop the network that would collect the CO2 and ship it using a new and existing pipelines along its network on the Gulf Coast, the companies said.
The subsidiary, Oxy Low Carbon Ventures (OLCV) is developing carbon sequestration hubs along the Gulf Coast and across the US through its business unit 1PointFive, the companies said. Some of these hubs will be anchored by direct-air capture (DAC) plants.
Occidental is already working with Carbon Engineering to develop a DAC plant in the Permian basin in western Texas, which could start up in late 2024.
The hubs that would be developed by Occidental would provide access to high-quality pore space for industrial plants trying to find a way to capture their carbon emissions, the companies said.
Enterprise and Oxy Low Carbon Ventures have started to explore the commercialisation of a potential joint service for these carbon emitters, the companies said.