Published: March 7, 2023 |

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Bayou Bend CCS, a carbon capture and sequestration project located along the Texas Gulf Coast, will expand its carbon dioxide storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas. The increased acreage positions Bayou Bend to be one of the largest carbon storage projects in the United States.

Combined with approximately 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend project now encompasses nearly 140,000 acres of pore space for permanent CO2 sequestration. The total acreage holds a gross storage capacity of more than one billion metric tons, positioning Bayou Bend to be a leading carbon transportation and storage solution for industrial emitters located in the Houston Ship Channel and Beaumont / Port Arthur region, one of the largest industrial corridors in the country.

Bayou Bend is a joint venture between Chevron U.S.A., through its Chevron New Energies division, Talos Energy, through its Talos Low Carbon Solutions division, and Carbonvert. Equity interests in Bayou Bend remain 50 percent Chevron, 25 percent Talos, and 25 percent Carbonvert. Effective March 1, 2023, Chevron became the operator of the Bayou Bend CCS.

“We are excited about Bayou Bend and building the best regional carbon sequestration hub with the right storage infrastructure adjacent to two major Southeast Texas industrial corridors. Our partnership is committed to developing safe, reliable, cost-effective decarbonization solutions while enabling continued economic growth in the region. Today’s announcement solidifies Bayou Bend’s position as Southeast Texas’s leading carbon sequestration project,” said Robin Fielder, executive vice president, Low Carbon Strategy and Chief Sustainability Officer of Talos.

“Delivering CCUS and other lower carbon solutions to harder-to-abate industries is fundamental to Chevron New Energies’ mission. As a Southeast Texas native, I know how vital these industries are to our local communities and their economies. With this expansion, Bayou Bend is positioned to offer CCUS solutions across a broad region of the Gulf Coast, from Houston to Orange and into western Louisiana,” said Chris Powers, vice president, CCUS, Chevron New Energies.

“Expanding Bayou Bend, alongside our partners Chevron and Talos, is Carbonvert’s next step to enabling critical large-scale carbon removal and reduction projects. This expansion sets us up well to achieve Carbonvert’s goal of sequestering 100 million tonnes before 2032 and underscores our position as one of the leading independent, pure-play carbon capture and storage developers in the world. We are grateful for the opportunity to serve such an important community in Southeast Texas and the greater Gulf Coast economy,” said Alex Tiller, president and CEO of Carbonvert.

In 2021, Talos and Carbonvert were selected as the winning bidders for the Texas General Land Office’s Jefferson County, Texas, carbon storage lease, located in state waters offshore Beaumont and Port Arthur, Texas. It remains the first and only offshore lease in the U.S. dedicated to CO2 sequestration. Chevron joined the Bayou Bend joint venture in May 2022.

About Talos Energy
Talos Energy is a technically driven independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexico’s largest public independent producers, they leverage decades of technical and offshore operational expertise towards the acquisition, exploration, and development of assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, they are also utilizing their expertise to explore opportunities to reduce industrial emissions through carbon capture and storage initiatives along the U.S. Gulf Coast and Gulf of Mexico.

To stop by Talos’ website, CLICK HERE

About Chevron
Chevron is one of the world’s leading integrated energy companies. They believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and the industry. They are focused on lowering the carbon intensity in their operations and seeking to grow lower carbon businesses along with their traditional business lines.

To stop by Chevron’s website, CLICK HERE

About Carbonvert
Carbonvert Inc. is a carbon capture and storage project development and finance company that simplifies decarbonization for industrial clients. Carbonvert was established in late 2020 by Alex Tiller and Jan Sherman, veterans of the renewable and conventional energy sectors to manage the financial and technical complexities of CCS project development. Its executives have decades of experience developing projects, financing tax advantaged projects, trading carbon offsets, and structuring over $4 billion in infrastructure investments, including equity, tax equity, and debt for large assets. Carbonvert’s senior team has extensive experience with large-scale CO2 projects and have designed, secured environmental and CO2 storage permits, and completed and operated large-scale carbon capture, transportation, and storage projects notably Petra Nova CCS in Thompsons, Texas, Quest CCS in Alberta, Canada, and In Salah in Algeria.

To stop by Carbonvert’s website, CLICK HERE

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