- BKV Corp. (BKV, Financial) expands its partnership with a leading midstream operator for a new carbon capture and sequestration (CCS) project.
- The East Texas CCS project is expected to capture 70,000 metric tons of CO2 annually.
- Project aims to be operational by early 2027, bolstering BKV's CCUS portfolio.
BKV Corporation (BKV), a prominent player in the energy sector, has announced an expanded partnership with a leading diversified midstream company to develop a new carbon capture and sequestration (CCS) project. This development will be located at an existing natural gas processing plant in East Texas, and is a significant step forward in BKV's strategy to enhance its carbon capture, utilization, and sequestration (CCUS) capabilities.
The East Texas CCS project is set to capture approximately 70,000 metric tons of carbon dioxide (CO2) each year. The captured CO2 will be compressed, transported, and permanently sequestered via BKV's co-located Class II injection well, eliminating the need for additional infrastructure investment in high-pressure pipelines. The project is planned to be operational by early 2027 and will be owned by BKV, with potential ownership transfer to a CCS joint venture with Copenhagen Infrastructure Partners.
This endeavor expands BKV's existing CCUS portfolio, which includes operational projects like the Barnett Zero site in North Texas, another CCS project in South Texas, and the Cotton Cove project, which is on track to commence operations in the first half of 2027. Chris Kalnin, CEO of BKV, emphasized the importance of strengthening relationships with key partners to meet the growing demand for low-carbon energy solutions.
Headquartered in Denver, BKV is recognized as one of the top 20 gas-weighted natural gas producers in the United States and is the largest producer by gross operated volume in the Barnett Shale. The company continues to focus on natural gas production, processing, transportation, power generation, and CCUS to create value for its stockholders.
