Tallgrass was recently awarded a state grant to fund the development of a commercial-scale CO₂ sequestration hub in the Denver-Julesburg (D-J) Basin in eastern Wyoming.
“This project can accelerate the state’s goal to be net negative in CO₂ emissions by importing and sequestering CO₂, and benefit the broader Rocky Mountain and Midwest regions,” Kyle Quackenbush, segment president, commented in a company release on Jan. 20.
Last March, Wyoming Gov. Mark Gordon introduced the mid-century goal of making Wyoming net negative in CO₂ emissions. In order for Wyoming—the top coal mining state in the U.S.—to achieve the ambitious target, Gordon is urging the development of hydrogen and carbon capture technology.
“Wyoming is deeply committed to providing decarbonized solutions for the 21st century,” Dr. Glen Murrell, executive director of the Wyoming Energy Authority, also commented in the Tallgrass release. “We are pleased to be able to fund Tallgrass’s Eastern Wyoming Sequestration Hub project, which has the potential to add an important resource for our net-zero goals.”
Based in Leawood, Kan., Tallgrass is an energy infrastructure company owned by an investor group led by Blackstone Infrastructure Partners and including Enagás SA, GIC, NPS and USS. In addition to midstream assets located throughout the Rockies and Midwest regions, Tallgrass also aims to play a leadership role in advancing decarbonization technologies, such as hydrogen and carbon sequestration.
“The Eastern Wyoming Sequestration Hub project is a strong addition to our existing decarbonization initiatives and aligns with our broader clean energy strategy,” Quackenbush added.
Tallgrass’ Eastern Wyoming Sequestration Hub project is designed to provide a cost-effective means of capturing, transporting and sequestering CO₂ across multiple states, according to the company release.
The company said it expects to utilize the Wyoming Energy Authority grant in 2022 to fund development activities and drilling a characterization well in connection with its anticipated Class VI permit filing for the Eastern Wyoming Sequestration Hub project. The grant is also in addition to Tallgrass’ proposed direct investment in the project.
Recommended Reading
Quantum’s Wil VanLoh on Turning ESG into E$G
2024-05-21 - Wil VanLoh, founder and CEO of Quantum Energy Partners said private companies need to change their mindset on ESG because they’re building a product to sell to public companies — and may be missing out on cost savings.
Regional Banks Take Advantage of Large Lenders’ Oil, Gas Hesitancy
2024-06-06 - Regional banks are picking up market share and rallying the U.S. upstream sector.
Family Offices: Familiar and New Names Coming to Oil, Gas Table
2024-06-06 - Haynes and Boone semi-annual surveys of oil and gas lenders and producers reveal measured optimism capital formation—and a broader audience of family offices than seen in prior decades is tuning in.
TotalEnergies Buys UK Power Plant from EIG for $575MM
2024-06-06 - TotalEnergies signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million (US$575 million).
Riley Permian Increases Stake in West Texas Power JV with Conduit
2024-05-22 - Riley Exploration Permian increased its ownership in RPC Power, a JV with Conduit Power, to 50% from 35% and has agreed to sell up to 10 MMcf/d of natural gas as feedstock supply for the generation facilities as RPC plans to sell to ERCOT.