Navigator CO2 Ventures (Navigator) wants to decarbonise biorefineries and other industrial participants by capturing and transporting carbon dioxide (CO2) through 1,200 miles of pipeline across five Midwest US states to a permanent sequestration site – and such plans have now taken a step forward.
In a recent statement, the Dallas-headquartered company said it has successfully concluded the non-binding open season of its carbon capture pipeline system for the project and will now work with interested shippers on binding commercial agreements.
The framework of these agreements will form the basis to launch the binding open season, expected early June 2021.
Plans for the project were initially announced back in March, when Navigator announced its partnership with BlackRock Global Energy & Power Infrastructure Fund to develop the CCS in Nebraska, Iowa, South Dakota, Minnesota and Illinois; Valero Energy Corporation is the anchor customer.
The proposed system plans to transport liquefied CO2 through the pipeline to a sequestration site. At full capacity, the CCS will have the ability to capture and store enough CO2 to be the equivalent of removing approximately 2.6 million cars from the road per year or planting 550 million trees per year.
Already planning to upscale, Navigator said that based on extensive feedback from potential customers representing diverse emissions sources, it is actively looking to expand the capacity of the pipeline and proceed with multiple sequestration sites, creating an injection capacity of up to 12 million metric tonnes per year.
Navigator anticipates the CCS project to begin operations in-phases beginning in late 2024.