Denbury to Explore Potential Carbon Sequestration Hub on Alabama’s Gulf Coast

Denbury will develop a CO2 sequestration site on approximately 75,000 acres of pore space in Baldwin County, near Mobile, Alabama.

Hart Energy Staff

Denbury Inc. announced on Feb. 7 that its wholly-owned subsidiary, Denbury Carbon Solutions LLC and a subsidiary of Natural Resource Partners L.P., have executed a CO2 Sequestration Agreement for the evaluation and potential development of a permanent COsequestration site located on Alabama’s Gulf Coast.

The agreement provides Denbury with the exclusive rights to develop a CO2 sequestration site on approximately 75,000 acres of pore space controlled by NRP in Baldwin County, near Mobile, Alabama. Denbury estimates the total CO2 storage potential of this site to be over 300 million metric tons. Depending on the pace and scale of regional CCUS development, Denbury may consider expanding its existing Gulf Coast CO2 pipeline network to connect to this site.

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