CapturePoint Announces Agreements with Energy Transfer for Carbon Capture and Storage in Louisiana
Energy Transfer LP Common Units (ET)
Last energy transfer lp common units earnings: 2/19 04:10 pm
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Source: Business Wire
Agreements formalize a joint development framework and dedication of CO2 from additional Energy Transfer facilities in Louisiana ALLEN, Texas--(BUSINESS WIRE)--CapturePoint LLC and affiliate CapturePoint Solutions LLC, (together “CapturePoint”) with offices in Allen, Texas, today announced the signing of a revised Letter of Intent (LOI) with an affiliate of Energy Transfer LP (NYSE: ET), headquartered in Dallas, Texas, that provides for the joint development of a carbon capture and permanent deep underground storage project in Louisiana. The companies also signed a definitive CO2 Offtake Agreement committing CO2 from Energy Transfer’s Haynesville natural gas treating facilities.The revised LOI and accompanying CO2 Offtake Agreement dedicate CO2 that would otherwise be emitted from Energy Transfer’s Haynesville natural gas midstream facilities to CapturePoint’s Central Louisiana Regional Carbon Storage Hub (CENLA Hub) and provide Energy Transfer the right to participate in a joint v
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