Chevron has signed memorandum of understanding with pipeline company Enterprise Products Partners to study carbon capture, utilisation, and storage (CCUS) opportunities in the US Gulf Coast and Mid-continent .
Under the outlined partnership, Chevron would provide sub-surface expertise while Enterprise brings its midstream and storage experience.
“This joint effort has the potential to advance our ongoing work to grow our lower carbon businesses with commercial scale using the industry expertise both companies bring to the project,” said Jeff Gustavson, president of Chevron New Energies, a new division of the US supermajor focused on commercialising low-carbon opportunities.
The initial phase of the study with Enterprise will last about six months.
The companies said their previous work together has been successful and complementary, which are encouraging for the new partnership.
“The joint study with Chevron is part of our growing focus on developing and utilising new technologies and leveraging our transportation and storage network in order to better manage our own carbon footprint and provide customers with new midstream services to support a lower carbon economy,” said Jim Teague, co-chief executive of Enterprise’s general partner.
“Our success in upgrading and repurposing existing assets will be important to the success of any initiative we move forward with.”
The partnership follows in the footsteps of ExxonMobil's proposed CCS hub for the Houston Ship Channel and Talos Energy's partership with Storegga Geotechnologies to look for CCS opportunities in the Gulf of Mexico and the US Gulf Coast