Plans have been unveiled for an industrial scale carbon capture pipeline system that could transport and sequester up to eight million metric tonnes of carbon dioxide (CO2) per year.
Valero Energy Corporation and BlackRock Global Energy & Power Infrastructure Fund II have teamed up with Navigator Energy Services for project that will initially span more than 1,200 miles, across five Midwest states in the US.
In this initial stage, the pipeline will have the capability of permanently storing up to 5 million metric tonnes of carbon dioxide per year, scale up to eight million metric tonnes will decided upon third party customer feedback.
Renewable fuel producer Valero is expected to become an anchor shipper by securing a majority of the initial available system capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024.
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