Enterprise, Oxy Low Carbon Ventures to Collaborate on Houston Area CO2 Project

Oxy Low Carbon Ventures and Enterprise Products Operating will partner to provide services to carbon emitters from Houston to Port Arthur, Texas, through the development of CO2 transportation and sequestration.

Hart Energy Staff

Oxy Low Carbon Ventures (OLCV) and Enterprise Products Operating LLC on April 25 executed a letter of intent to work toward a potential CO2 transportation and sequestration solution for the Texas Gulf Coast.

The joint project would initially be focused on providing services to emitters in the industrial corridors from the greater Houston to Beaumont/Port Arthur, Texas, areas. The initiative would combine Enterprise’s leadership position in the midstream energy sector with OLCV’s extensive experience in subsurface characterization and COsequestration, according to a joint press release.

“We look forward to collaborating with Enterprise to develop a sequestration solution to help industrial emitters reach their net-zero goals,” Richard Jackson, Occidental president of U.S. onshore resources and carbon management and operations, said in the press release. “We believe that our low-carbon strategy enhances Oxy’s business value and creates a path to net zero for ourselves while providing organizations everywhere with the tools they need to achieve net-zero or net-negative emissions.”

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