Vault 44.01 | Indiana Sequestration Wells

Overview

Status

Greenfield

Region

North America

Geography

USA

State

Indiana

Equity Owner

Vault 44.01 (Grey Rock Investment Partners)

Proponent

Vault 44.01

Output

Carbon sequestration

Type of electricty

Capacity

Financing

Technology

Technical Advisors

Advisors

Project Contact

Lawyers

Project Cost

Offtaker

Commercial Operations Date

Decommission Date

FID

Description

Vault 44.01 is developing three carbon sequestration wells in Indiana.

The firm, which is owned by Grey Rock Investment Partners, submitted applications for two wells in Madison and Wabash counties in summer 2024. Previously, the company filed its first Class VI application in 2023 for a one-well site, also in Indiana.

Vault has entered into various CCS arrangements with emitters in the U.S. Midwest, including with Cardinal Ethanol in Indiana and Alto Ingredients in Illinois.

Grey Rock took a controlling stake in Vault in 2022 along with a $150m commitment to find its CCS project development pipeline.

August 21, 2024

PE-backed CCS developer submits Class VI well applications

Calgary-based Vault 44.01 recently submitted two applications with the EPA for carbon sequestration well permits in Indiana. The firm, which is owned by Grey Rock Investment Partners, submitted applications for...