![]() We are grateful for the opportunity to serve such an important community in Southeast Texas and the greater Gulf Coast economy.” This expansion sets us up well to achieve Carbonvert’s goal of sequestering 100 million tonnes before 2032 and underscores our position as one of the leading independent, pure-play carbon capture and storage developers in the world. Today’s announcement solidifies Bayou Bend’s position as Southeast Texas’s leading carbon sequestration project.”Īlex Tiller, President and CEO of Carbonvert, said: “Expanding Bayou Bend, alongside our partners Chevron and Talos, is Carbonvert’s next step to enabling critical large-scale carbon removal and reduction projects. Our partnership is committed to developing safe, reliable, cost-effective decarbonization solutions while enabling continued economic growth in the region. Robin Fielder, Executive Vice President – Low Carbon Strategy and Chief Sustainability Officer of Talos, said: “We are excited about Bayou Bend and building the best regional carbon sequestration hub with the right storage infrastructure adjacent to two major Southeast Texas industrial corridors. With this expansion, Bayou Bend is positioned to offer CCUS solutions across a broad region of the Gulf Coast, from Houston to Orange and into western Louisiana.” As a Southeast Texas native, I know how vital these industries are to our local communities and their economies. Effective March 1, 2023, Chevron became the operator of the LLC.Ĭhris Powers, Vice President, CCUS, Chevron New Energies, said: “Delivering CCUS and other lower carbon solutions to harder-to-abate industries is fundamental to Chevron New Energies’ mission. Equity interests in Bayou Bend remain 50 percent Chevron, 25 percent Talos and 25 percent Carbonvert. (NYSE: TALO) (“Talos”), through its Talos Low Carbon Solutions division, and Carbonvert, Inc. (“Chevron”), through its Chevron New Energies division, Talos Energy Inc. ![]() Talos, Carbonvert and Chevron Announce Proposed Joint Venture Expansion to Enhance the Bayou Bend CCS Project Offshore Jefferson County, TexasĬarbonvert Sells Interest in Bayou Bend CCS Project to Equinorīayou Bend is a joint venture between Chevron U.S.A. The total acreage holds a gross storage capacity of more than one billion metric tons, positioning Bayou Bend to be a leading carbon transportation and storage solution for industrial emitters located in the Houston Ship Channel and Beaumont / Port Arthur region, one of the largest industrial corridors in the country. The increased acreage positions Bayou Bend to be one of the largest carbon storage projects in the United States.Ĭombined with the previously announced approximately 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend project now encompasses nearly 140,000 acres of pore space for permanent CO2 sequestration. HOUSTON-(BUSINESS WIRE)- Bayou Bend CCS LLC (“Bayou Bend”), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide (“CO2”) storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas.
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