Carbon Sequestration

Investment manager Kimmeridge Energy Management’s carbon capture-focused vehicle Kimmeridge Carbon Solutions, has teamed up with UK-based decarbonization development business Storegga to advance carbon capture usage and storage (CCUS) projects.

GTI International subsidiary Projeo Corporation has been awarded $38 million from the US Department of Energy (DOE) for its Phoenix Project.

The Department of Energy (DOE) has provided $444 million to fund 16 carbon storage and management projects across the US.

Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.

ExxonMobil has closed on its acquisition of Denbury, a carbon capture and sequestration (CCS) developer also specializing in oil recovery, as of November 2, 2023.

Sumitomo Corporation of the Americas (SCOA) and its parent company Sumitomo Corporation have entered an agreement with private developer Reconciliation Energy Transition Inc (RETI), giving Sumitomo the exclusive right to acquire significant equity interest in the East Calgary Carbon Transportation & Sequestration Project (CTS Hub).

Milestone Environmental Services (MES) subsidiary Milestone Carbon has entered into an agreement with Texas Pacific Land Corporation to lease over 22,000 acres of land and pore space intended for permanent geologic sequestration of CO2 in the Permian Basin.

Californian energy producer, Aera Energy, is preparing first large-scale carbon capture and storage project (CCS) – CarbonFrontier.

Private equity firm Grey Rock Investment Partners has made a controlling investment in carbon capture and sequestration company CarbonCycle.

Canadian-based CO2 investment firm Carbon Streaming has entered a streaming agreement with carbon-credit funded restoration company Mast Reforestation.