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Projeo | Permian Basin CO2 Storage Facility

USA
Announced

Overview

Status
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Announced
Region
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North America
Geography
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USA
State
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Texas
Equity Owner
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Proponent
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Projeo Corporation
Output
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Carbon sequestration
CarbonSAFE
Type of electricty
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Capacity
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Financing
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Technology
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Technical Advisors
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Advisors
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Project Contact
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Lawyers
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Project Cost
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Offtaker
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Commercial Operations Date
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Decommission Date
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FID
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Description

Projeo Corporation will demonstrate the feasibility of converting a mature oil and gas field in the Permian Basin into a dedicated CO2 storage facility.

The project was selected for CarbonSAFE Phase III: Site Characterization and Permitting. It has completed studies of subsurface conditions and will now focus on conducting detailed site characterization, planning, and permitting stages of project development:

The project is among 16 projects selected by the U.S. Department of Energy in November 2023 to receive over $444 million. The 16 projects were selected for negotiation to support the development of new and expanded large-scale, commercial carbon storage projects, each with the capacity to securely store 50 or more million metric tons of carbon dioxide over a 30-year period.


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