
Crescent Midstream will develop one of the largest carbon capture and sequestration projects in the U.S. at a gas-fired power plant in Louisiana. (Source: Shutterstock, Crescent Midstream)
Crescent Midstream announced Sept. 20 that the company will develop one of the largest carbon capture and sequestration projects in the U.S. at a gas-fired power plant in Louisiana.
Working with Samsung E&A and using Honeywell carbon capture technology, Crescent will lead an estimated $1 billion project to capture CO2 emitted by Entergy’s Lake Charles Power Station in Westlake, Louisiana.
Construction will consist of the use of CCS technology and a pipeline to carry greenhouse gas emissions away for disposal. Once complete, the facility is designed to capture and permanently store annual CO2 emissions equal to the amount emitted yearly by 600,000 cars, about 3 million tonnes per year (mtpy).
The announcement did not include an estimated completion date.
“We are proud to apply our extensive midstream expertise to create the vital connection between carbon dioxide emission sources and permanent underground storage,” said Jerry Ashcroft, Crescent CEO, in a press release. “Large-scale carbon capture and sequestration has enormous potential to reduce greenhouse gas emissions, and we look forward to helping demonstrate that in one of the highest emitting regions in the United States.”
Thanks to its petrochemical industry, Louisiana emits about 72 mtpy of CO2, second only to Texas in the U.S.
At the end of 2023, the U.S. Environmental Protection Agency granted Louisiana primacy on carbon capture and storage. The designation made Louisiana the third state that can assume permitting authority for CCS projects.
Recommended Reading
BKV Appoints Dilanka Seimon to New Chief Commercial Officer Position
2025-04-03 - BKV Corp. has created a new chief commercial officer position and placed industry veteran Dilanka Seimon in the role.
NGP Backs Wing Resources with $100MM to Buy Permian Mineral Interests
2025-04-02 - Wing Resources VIII, which is backed by NGP Royalty Partners III, will focus on acquiring “high-quality” mineral and royalty interests across the Permian Basin, the company said.
Exxon Mobil Vice President Karen McKee to Retire After 34 Years
2025-04-02 - Matt Crocker will succeed Karen T. McKee as vice president of Exxon Mobil and president of its product solutions company.
Double Eagle Team Re-Ups in Permian, Backed by EnCap’s $2.5B
2025-04-02 - The fifth iterations of Double Eagle Energy and its minerals subsidiary, Tumbleweed Royalty, have received a $2.5 billion equity commitment from EnCap Investments LP—the day the E&P finalized a $4.1 billion sale to Diamondback Energy.
Waterous Raises $1B PE Fund for Canadian Oil, Gas Investments
2025-04-01 - Waterous Energy Fund (WEF) raised US$1 billion for its third fund and backed oil sands producer Greenfire Resources.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.