BKV Corporation NuQuest Energy have entered into a carbon sequestration agreement with the State of Louisiana to develop facilities and permanently sequester carbon dioxide from local emissions sources, according to a news release.
Louisiana granted the carbon storage and sequestration rights on approximately 21,000 acres of land in St. Charles and Jefferson Parishes to High West Sequestration, LLC. The acreage is thought of as an ideal location for targeted carbon dioxide capture and sequestration efforts, with an estimated 22 MM tons per year within a 15 mile radius from various emissions points.
The High West storage site has CO2 storage potential estimated between 140 MM to 1,000 MM metric tons of CO2e. Under the agreement, High West Sequestration, a wholly owned subsidiary of BKV, will dispose of carbon through permanent sequestration via injection wells.
