BKV dCarbon Ventures, a wholly owned subsidiary of BKV Corp., and Copenhagen Infrastructure Partners (CIP) have formed a strategic joint venture to expand BKV’s portfolio of carbon capture, utilization and sequestration (CCUS) projects.
CIP has agreed to commit $500 million on behalf of its Energy Transition Fund I to the JV for use in designing, constructing and operating CCUS projects across the United States in exchange for up to a 49 percent interest in the joint venture. BKV has contributed its ownership of the Barnett Zero and Eagle Ford projects to the JV and also has committed to future contributions of CCUS projects, related assets and/or cash in exchange for a 51 percent interest in the joint venture.
“This strategic partnership with CIP, a world-scale asset manager of low-carbon infrastructure projects, further strengthens the economics of BKV’s CCUS business while enabling the acceleration of its growth,” said Chris Kalnin, CEO of BKV. “By combini
