Buckeye Partners acquired carbon capture and storage (CCS) company Elysian Carbon Management from EnCap Flatrock Midstream, Buckeye announced July 17.

Buckeye is a wholly-owned investment of the IFM Global Infrastructure Fund and owns and operates a portfolio of integrated midstream infrastructure and logistic solutions assets. Buckeye’s acquisition of Elysian’s end-to-end CCS solutions will allow Buckeye to provide industrial and power facilities lower carbon products for emissions reduction goals.

“Rapidly developing CCS-related technologies and solutions offer abundant synergies across Buckeye’s project development capabilities and existing pipeline network and are essential to enabling the energy transition’s success,” Buckeye CEO Todd Russo said in a press release. “We’re excited for the Elysian team to join the Buckeye platform and to integrate their expertise to better serve our customers’ growing lower-carbon needs.”

The acquisition comes as Buckeye furthers its energy transition strategy to become a net zero business by 2040 across Scope 1 and 2 emissions.

“We’re fully aligned with their decarbonization mission and look forward to adding immediate value to Buckeye’s customer base and their momentum in the energy transition by integrating CCS technologies across the energy value chain,” Elysian CEO Bret Logue said.

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