BlackRock-backed Navigator CO2 has cancelled its $3.4bn pipeline project known as Heartland Greenway.
In a press release, the company said it had decided to cancel the project “given the unpredictable nature of the regulatory and government processes involved, particularly in South Dakota and Iowa.”
The Navigator CO2 pipeline has faced pushback from residents and local authorities across its footprint. South Dakota denied a permit for the pipeline in September. And proponents were forced to re-file applications for eminent domain powers in Illinois after state regulators said the filing was incomplete.
The proposed pipeline was contracted with industrial producers to capture, transport, and store up to 10 million metric tons of CO2 annually. When fully expanded, the system would have been able to transport up to 15 MMT of CO2 annually, according to documentation.
Navigator had also reached an agreement with e-fuels developer Infinium to deliver 600,000 tons per annum (TPA) of biogenic carbon dioxide (CO2) from its Heartland Greenway system to a future Infinium facility for the production of fuels.
Matt Vining, CEO of Navigator CO2 said, “As good stewards of capital and responsible managers of people, we have made the difficult decision to cancel the Heartland Greenway project. We are disappointed that we will not be able to provide services to our customers and thank them for their continued support.”
Vining continued, “I am proud that throughout this endeavor, our team maintained a collaborative, high integrity, and safety-first approach and we thank them for their tireless efforts. We also thank all the individuals, trade associations, labor organizations, landowners, and elected officials who supported us and carbon capture in the Midwest.”
