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.
[How much more U.S. natural gas storage capacity is needed — and is it on the way? Join NGI’s Director of Strategy & Research Patrick Rau, as he dives into what’s around the corner in...