BKV Coproration and EnLink Midstream have reached a Phase I Final Investment Decision (FID) and entered into a definitive agreement to develop a carbon capture and sequestration (CCS) project in the Barnett Shale region of North Texas.
“It is critical that companies in the industry work together to bring actionable change and move large-scale carbon reduction projects forward,” said Chris Kalnin, BKV CEO. “This partnership brings us one step closer to the safe and profitable production of net-zero green natural gas.”
Carbon sequestration is the process of capturing and permanently storing carbon dioxide, which reduces the amount of pollutive carbon dioxide in the atmosphere. Under their agreement, BKV will continue to produce natural gas containing carbon dioxide from its Barnett Shale area operations, and EnLink will transport this natural gas via its modified pipeline and facility infrastructure to the EnLink natural gas processing plant in Bridgeport, Texas.