No more passing the buck. It’s time for energy companies to own their impact. BKV's first carbon capture and sequestration (CCS) project is anticipated to come online not “someday,” but this year in 2023.
Owning our impact.
Our strategy is straightforward. Our emissions are our responsibility, and we are owning our impact. In our commitment to lead the way in the production of measured net-zero natural gas by 2030, we are taking concrete steps now to address our emissions first rather than purchasing carbon offsets alone.
What is carbon capture and sequestration?
Carbon capture and sequestration (CCS) is the process of capturing and permanently sequestering carbon dioxide, which reduces the amount of pollutive carbon dioxide in the atmosphere. Our process will involve capturing CO before it is released into the atmosphere and then compressing and transporting it via pipeline to sites where it can be injected into underground injection control (“UIC”) wells.
Action, not words.
Through our CCUS business, we aim to reduce man-made GHG emissions by capturing CO emitted in connection with natural gas activities, whether from our own operations or third party operations, as well as from other energy and industrial sources.
Our initial CCS project is expected to come online by the end of 2023. Starting soon, EnLink Midstream will transport natural gas from our Barnett Shale operations in North Texas to their processing plant where the carbon dioxide waste stream will be captured, compressed, and then disposed of through permanent sequestration via our nearby injection well.
Making sustainability our business.
When it comes to sustainability, we mean business. Our dedicated business unit dCarbon Ventures is focused on driving CCS innovations and project development. With carbon sequestration fundamental to our sustainability plans, we expect dCarbon Ventures to be an area of significant growth for our company.