Canadian pipeline company Enbridge and Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental, have revealed their plan to work towards jointly developing a CO2 sequestration hub in the Corpus Christi area of the Texas Gulf Coast.
The companies have signed a letter of intent to explore this joint project, which would provide a complete CO2 solution for area emitters through the development of a pipeline transportation system and sequestration facility.
Enbridge and OLCV intend to leverage each company’s strengths to advance the development of a sequestration hub and associated transportation infrastructure.
Enbridge would develop, construct, and operate the pipeline facilities and OLCV would develop, construct, and operate the sequestration facilities. The hub is expected to provide CO2 solutions for Enbridge’s proposed facilities and other point source emitters in the Corpus Christi area.
The parties will jointly market the CO2 pipeline transportation and sequestration services to other third-party CO2 point source emitters in the Ingleside and Corpus Christi areas.
“We are excited to be partnering with OLCV to explore developing a large-scale CO2 transport and sequestration hub in the Corpus Christi area” , said Colin Gruending , Enbridge Executive Vice President and President, of Liquids Pipelines.
“This is a unique opportunity for two organisations to pair complementary skill sets in a way that decarbonises our own facilities and provides a platform for our industrial neighbours who are also seeking to reduce their emissions.”
Jeff Alvarez , President and General Manager, Sequestration, Oxy Low Carbon Ventures, added: “We look forward to working with Enbridge as we advance our plans to develop sequestration hubs that will provide a practical decarbonisation solution for industrial emitters .
“This collaboration will help accelerate the path to net zero not only for ourselves but for other organisations exploring end-to-end solutions to capture, transport and permanently store CO2.”
Enbridge is also working with Humble Midstream on a joint low-carbon hydrogen and ammonia production and export facility near Corpus Christi, Texas .