Sempra Infrastructure signs carbon sequestration agreement with TotalEnergies, Mitsui, Mitsubishi
Sempra Infrastructure, TotalEnergies, Mitsui & Co. Ltd., and Mitsubishi Corporation signed a participation agreement for the Hackberry Carbon Sequestration (HCS) project. HCS could be used to capture and store carbon dioxide. Hackberry Carbon Sequestration is risky. Sempra Infrastructure builds a sustainable business portfolio.
Sempra Infrastructure, a Sempra subsidiary, announced today that it has signed a participation agreement for the development of the proposed Hackberry Carbon Sequestration (HCS) project in Southwest Louisiana with TotalEnergies, Mitsui & Co., Ltd., and Mitsubishi Corporation.
According to the participation agreement, the combined Cameron LNG Phase 1 and proposed Phase 2 export projects could serve as the anchor source for the HCS project's CO2 capture and sequestration. It also lays the groundwork for the parties to form a joint venture with Sempra Infrastructure for the HCS project.
"We are excited to move forward with the Hackberry Carbon Sequestration project, the first of Sempra Infrastructure's net zero solutions projects, to assist Cameron LNG in producing cleaner liquefied natural gas (LNG) for its customers,"
said Justin Bird, CEO of Sempra Infrastructure.
"This project will be among the first in North America to receive and store CO2 from multiple sources, and our goal is for this facility to set the gold standard for safe and permanent CO2 storage."
Last year, the Hackberry Carbon Sequestration project applied to the US Environmental Protection Agency for a Class VI Injection well permit for permanent CO2 storage of up to 2 million tonnes per year.
"We are thrilled to welcome new investment from Sempra Infrastructure and its partners in support of our state's emissions-reduction plans," Louisiana Governor John Bel Edwards said.
"As Louisiana strives for net-zero emissions by 2050, projects that feature carbon capture and sequestration, such as the proposed Hackberry Carbon Sequestration facility, allow our state to sustain industry without jeopardizing our long-term carbon-reduction goals. In fact, these types of projects position Louisiana companies to grow and thrive as the world transitions to a low-carbon future, while also leveraging Louisiana's geology, workforce, and infrastructure, which positions Louisiana to be a hub and world leader in this arena."
Sempra Infrastructure continues to build a strong business portfolio and is working on a number of initiatives focused on sustainability and the global energy transition in order to advance its goal of lowering the greenhouse gas emission intensity at its LNG facilities while providing decarbonization solutions to its customers in North America and global energy markets.
The Hackberry Carbon Sequestration project's development is subject to a number of risks and uncertainties, including the signing of additional project-related agreements, obtaining all necessary permits, and making a final investment decision.
Source: Sempra news