DALLAS, Dec. 20, 2022 (GLOBE NEWSWIRE) — Carbon-Zero US LLC, Cox Working LLC, Crescent Midstream and Repsol are happy to announce a partnership to develop one of many Gulf Coast’s largest offshore hubs for the everlasting storage of carbon dioxide.
Cox is among the many largest house owners of power infrastructure within the offshore Gulf of Mexico and intends to repurpose services and tools to decrease the Carbon Seize and Sequestration mission’s carbon footprint throughout market-based power transition. Cox’s present leasehold consists of greater than 600 wells in 66 offshore fields doubtlessly containing the most important carbon dioxide storage quantity owned by a single operator within the Gulf of Mexico.
Crescent Midstream, a Louisiana-based pipeline operator, has in depth onshore and offshore pipeline building and operations expertise within the Gulf of Mexico.
Together with its CCS hub companions, Carbon-Zero not too long ago submitted an software to the Division of Power for the CarbonSAFE program for a pilot in one in all their proposed carbon dioxide sequestration places. The proposed mission accesses offshore storage fields from Crescent and Cox’s Grand Isle, Louisiana, services.
An preliminary FEED research has been accomplished by Crescent Midstream for a 110-mile carbon dioxide pipeline from Geismar to Grand Isle, using current Crescent pipeline rights of method.
Jerry Ashcroft, CEO of Crescent Midstream, stated, “Crescent has the information and expertise to create and function the very important connection between carbon dioxide emitters and sequestration suppliers. Crescent additionally has one of many lowest carbon footprints of any oil and gasoline firm and can obtain carbon neutrality at first of 2023.”
Brad Cox, Chairman of Cox Working and Carbon-Zero, stated, “We’re thrilled to be a part of a market-based answer that’s main the way in which for CCS within the Gulf of Mexico. The way in which we see it’s that CCS equals jobs.”
David Ramos, Geological Low Carbon Options Director for Repsol, stated, “Repsol is dedicated to advancing low carbon applied sciences corresponding to carbon seize and storage as a obligatory lever for reaching internet zero emissions and driving the power transition to a decarbonized mannequin.”
About Cox Working, LLC
Cox Working owns and operates belongings within the Gulf of Mexico. Since 2004, the corporate has grown by means of enhanced growth of manufacturing and reserves of current belongings together with strategic acquisitions. Cox Working is energetic in each the Gulf of Mexico Outer Continental Shelf and within the waters of Louisiana. The corporate at present operates greater than 600 wells from roughly 500 constructions over roughly a million acres. These operated belongings span from Texas to Florida. Cox is headquartered in Dallas, Texas, with operations in New Orleans, Louisiana, and Houston, Texas.
About Carbon-Zero US LLC
Carbon-Zero US, LLC was fashioned to speed up power transition initiatives on the Gulf Coast and elsewhere. Carbon-Zero is uniquely positioned with entry to one of many largest assemblages of offshore constructions, pipelines and leaseholds within the Gulf of Mexico operated by Cox Working. Carbon-Zero’s mission is to gather, transport and completely sequester carbon dioxide from industrial emitters on the Gulf Coast.
About Crescent Midstream, LLC
Crescent Midstream goals to make the most of its important midstream infrastructure, expansive right-of-way entry and working presence to attach industrial carbon emitters to carbon sequestration websites each onshore and offshore to facilitate CCUS and storage together with enhanced oil restoration (“EOR”) to additional full growth of the reserves that exist in federal waters of america. Environmental sustainability is a key pillar of Crescent’s company technique and Crescent is dedicated to leveraging its footprint to cut back greenhouse gasoline emissions in Louisiana. Crescent Midstream at present strikes roughly 25% of the Gulf of Mexico crude oil output onshore, connecting to refineries in Louisiana and Texas.
About Repsol
Repsol is a world multi-energy firm that’s main the power transition with its ambition of reaching zero internet emissions by 2050. Current all through the power worth chain, the corporate employs 24,000 individuals worldwide and distributes its merchandise in practically 100 nations to round 24 million clients. The corporate is deploying an built-in mannequin of decarbonization that mixes all technological options to stop and take away carbon emissions from the environment, together with carbon seize and storage, and has set a goal to cut back the carbon depth of its upstream exercise by 75% within the interval from 2021 to 2025.
Media contacts
Cox Working, L.L.C.
Vincent Devito
vincent.devito@coxoil.com
214-420-7710
Carbon-Zero US, LLC
Ken Jackson
ksj@carbon-zero.us
Crescent Midstream
985-872-3100
data@crescentmid.com
Contact Data:
Crescent Midstream
Crescent Midstream
data@crescentmid.com
985-872-3100
Ken Jackson
Carbon-Zero US, LLC
ksj@carbon-zero.us
Vincent DeVito
EVP & GC
vincent.devito@coxoil.com
2144207710
Associated Recordsdata
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