Enbridge Inc. and a subsidiary of Occidental Petroleum Corp. are in the early stages of developing a carbon capture hub in the Corpus Christi area of South Texas, an LNG and oil export hub and home to several petrochemical facilities.

Oxy Low Carbon Ventures (OLCV) and Calgary-based Enbridge signed a letter of intent to jointly develop a carbon dioxide (CO2) sequestration hub. The project “would provide a complete CO2 solution for area emitters through the development of a pipeline transportation system and sequestration facility,” the companies said.

No financial details were provided.

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