BVK’s second CCUS project in the US.

The project reached a final investment decision in 2022.

The CCUS project will separate, dispose of, and geologically sequester CO2 generated as a byproduct of BVK’s natural gas production in the Barnett and will utilize BKV Midstream assets to do so.

The Cotton Cove Project is estimated to geologically sequester up to approximately 45,000 metric tons of CO2e per year initially, with the potential to increase to an average of up to approximately 82,350 metric tons of CO2e per year by the end of 2024 through ongoing well development in the area.

The total investment required for the Cotton Cove Project is between approximately $14 and $24 million. Commencement of CO2 sequestration activities is targeted by the first half of 2024.

The Cotton Cove Project also includes the piloting, and then scaling up, of post-combustion carbon capture technology that would allow to sequester up to an additional approximately 250,000 metric tons per year of captured CO2e from low concentration emissions from BKV Midstream operations.

BVK is a subsidiary of Banpu, a large mining company based in Thailand.