International energy company Equinor has acquired a 25% stake in Bayou Bend CCS, a southeast Texas hub that is positioned to be one of the largest carbon capture and storage (CCS) developments in the US for industrial emitters.
Bayou Bend is a joint venture between Chevron USA, through its Chevron New Energies division, Talos Energy, through its Talos Low Carbon Solutions division – and now Equinor. Chevron is the operator with a 50% interest, and Talos holds a 25% interest.
Equinor acquired its share through the purchase of Texas Carbon 1, a Carbonvert subsidiary.
Grete Tveit, Senior Vice-President for Low Carbon Solutions at Equinor, said its involvement in Bayou Bend supports its ambition to mature and develop 15-30 million tonnes of equity CO2 transport and storage capacity per year by 2035.
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