Denbury set for rapid CCUS expansion
Texas-based firm forms partnerships to develop 300mn t of new CO₂ storage capacity in southeastern Louisiana
US independent energy company Denbury has unveiled plans to develop two carbon storage projects in southeastern Louisiana with a total potential capacity of 300mn t as it accelerates the expansion of its CCUS portfolio. Denbury has historically focused on enhanced oil and gas recovery but has been active in CCUS for about a decade. It already operates a system of dedicated CO₂ pipelines that it will look to use when developing the new storage sites. The company, based in Plano, Texas, has formed a 50/50 joint venture with Dallas-based CCUS specialist Lapis Energy to develop and operate a CO₂ sequestration project at Lapis’ 14,000-acre site in St. Charles Parish, Louisiana, about 20 miles wes
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation