Chevron teams with Enterprise to study carbon storage
US major Chevron said September 13 it had established a framework agreement with midstream company Enterprise Product Partners to evaluate opportunities in carbon sequestration at their Gulf Coast and US Midcontinent operations.
“The companies expect the initial phase of the study in which they will evaluate specific business opportunities to last about six months,” they said.
Chevron, through its New Energies division, is accelerating along the energy transition pathway. The company said last week it would work with heavy machinery company Caterpillar on a review of hydrogen as a fuel source for rail and marine vessels.
Chevron and Enterprise have both worked together in the past on carbon capture, utilisation and storage (CCUS) projects. New work will focus on ways to combine the midstream infrastructure controlled by Enterprise with Chevron’s sub-surface expertise to create opportunities to either capture, collect, transport or sequester CO2.
“The joint study with Chevron is part of our growing focus on developing and utilising new technologies and leveraging our transportation and storage network in order to better manage our own carbon footprint and provide customers with new midstream services to support a lower carbon economy,” said Jim Teague, co-CEO at Enterprise.