Oxy Partners with Weyerhaeuser for Carbon Capture Hub in Louisiana

Oxy Low Carbon Ventures will establish a sequestration business to build first in a series of hubs to permanently store carbon emissions.

Hart Energy Staff

Occidental's Oxy Low Carbon Ventures (OLCV) subsidiary and Weyerhaeuser Co. have announced an agreement for the evaluation and potential development of a carbon capture and sequestration project in Livingston Parish, Louisiana.

The lease agreement provides OLCV with exclusive rights to develop and operate a carbon sequestration hub on more than 30,000 acres of subsurface pore space controlled by Weyerhaeuser, the companies announced on March 28.

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