1PointFive, Enterprise Agreement Supports Development of CO2 Transportation Network, Texas
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1PointFive and Enterprise Products Partners have entered into an agreement for the development of a carbon dioxide (CO₂) transportation network to support the Bluebonnet Sequestration Hub that 1PointFive is developing in southeast Texas.
1PointFive, a subsidiary of Occidental, is progressing the development of carbon sequestration hubs that leverage Occidental’s 50-year history of managing CO₂ to deliver solutions that help advance industrial decarbonization.
Under the transportation services agreement, once 1PointFive provides notice, Enterprise will develop a new pipeline network and provide fee-based transportation services to 1PointFive to transport CO₂ emissions captured by third parties at facilities in the vicinity of the Houston Ship Channel to 1PointFive’s Bluebonnet Sequestration Hub. The new pipeline network will be co-located with existing pipeline infrastructure.
“We are excited to reach this milestone and look forward to collaborating with Enterprise to build a CO₂ transportation network for our sequestration hub, which is designed to provide a reliable and efficient way for hard-to-abate sectors to address their CO₂emissions,” said Jeff Alvarez, president of 1PointFive Sequestration.
“This agreement pairs our expertise managing large volumes of CO₂ with Enterprise’s decades of midstream experience to bring confidence to industrial customers seeking a decarbonization solution,” added Alvarez.
“This project with 1PointFive builds upon the strong working relationship we have had with Occidental for many years,” said Bob Sanders, Executive Vice President of Asset Optimization for Enterprise’s general partner.
“By leveraging our proven midstream expertise and integrated network of assets, we are well positioned to provide a reliable and cost-efficient CO₂ transportation solution,” added Sanders.
1PointFive’s Bluebonnet Sequestration Hub was recently awarded funding from the U.S. Department of Energy (DOE) to support the Hub’s development and realize the potential of carbon sequestration in the United States.
1PointFive is a carbon capture, utilization, and sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C by 2050 through the deployment of decarbonization solutions, including Carbon Engineering’s direct air capture (DAC) and AIR TO FUELS™ technologies alongside geologic sequestration hubs.
Enterprise Products Partners is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets currently include more than 50,000 miles of pipelines; over 300 million barrels of storage capacity for NGLs, crude oil, petrochemicals, and refined products; and 14 billion cubic feet of natural gas storage capacity.
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