Bayou Bend CCS offshore carbon capture and sequestration hub, US
Name of the Project
Bayou Bend CCS offshore carbon capture and sequestration hub.
Location
Jefferson County, in Texas, in the US.
Project Owner/s
Chevron subsidiary Chevron New Energies division, Talos Energy subsidiary Low Carbon Solutions and Carbonvert signed a memorandum of understanding in May 2022 for an expanded joint venture (JV) to develop the carbon capture and sequestration hub. The creation of the JV is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.
Project Description
The Bayou Bend CCS lease is the first and only offshore lease in the US dedicated to carbon dioxide (CO2) sequestration.
The project could potentially sequester 225-million to 275-million metric tons of CO2 from industrial sources in the area.
Potential Job Creation
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Chevron, Creighton Welch, tel +1 281 703 2728 or email CreightonWelch@chevron.com.
Talos, Sergio Maiworm, tel +1 713 328 3008 or email investor@talosenergy.com.
Carbonvert, Amanda Biggs, tel +1 832 937 5021 or email amanda@carbonvert.com.
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