EnLink Midstream (NYSE: ENLC) explores expanded role with ExxonMobil in Gulf coast carbon capture and sequestration Initiatives.
The U.S. Environmental Protection Agency highlights the Gulf Coast as a significant emitter of industrial carbon dioxide, with over 215 million metric tonnes per year generated in key areas such as the Houston Ship Channel, the Mississippi River Corridor, and others. EnLink and ExxonMobil are dedicated to offering cost-effective and efficient carbon capture and storage solutions to industries in these regions, fostering a strategic partnership to address emissions effectively.
Jesse Arenivas, CEO of EnLink, emphasises their commitment to developing reliable CCS solutions, leveraging EnLink’s extensive experience in midstream operations to provide flexible and customer-focused options for CO2 emitters. EnLink’s expertise in CO2 pipeline transportation complements ExxonMobil’s leading CCS solutions, ensuring efficient CO2 transportation across the Gulf Coast.
Dan Ammann, president of ExxonMobil Low Carbon Solutions, underscores their collaboration with EnLink to enhance CCS transportation, aiming to reduce carbon emissions effectively. With the acquisition of Denbury, ExxonMobil is evaluating competitive CCS solutions, while reassessing joint projects like the Pecan Island Area project to prioritise opportunities that align with market dynamics and emission reduction goals.
EnLink Midstream, a Dallas-based company, focuses on integrated midstream infrastructure services, including CO2 transportation for CCS, in key production basins and demand centers. Forward-looking statements caution that actual outcomes may differ from expectations due to various factors, highlighting the importance of ongoing evaluation and risk management in such projects.
For more information visit investors.enlink.com
