GLJ and Energy Fuse have announced a new JV to spearhead US carbon sequestration and enhanced oil recovery (EOR) projects.
This collaboration combines their extensive expertise in engineering, geosciences and project management to support carbon storage solutions in line with state and federal regulations.
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The strategic partnership is set against the backdrop of a growing emphasis on CCS as a means to combat climate change.
The JV’s formation is a response to the US initiative to incorporate carbon sequestration into legal frameworks at the state level.
GLJ’s reputation for innovative resource evaluation and emissions management complements Energy Fuse’s decades of geoscience and engineering experience. Their combined technical capabilities are expected to offer comprehensive support to states and industries transitioning to carbon storage solutions.
GLJ executive vice-president and chief financial officer Alan Withey said: “We believe this joint venture is well-positioned to provide the highest calibre of intelligence to the US carbon sequestration market.
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By GlobalData“With each state crafting its own procedures around CO₂ storage applications, our expertise in subsurface evaluation allows us to offer critical guidance and support for companies wanting to engage in carbon sequestration activities and to states looking for practices to craft their individual legislation using the latest techniques and information available.
“This partnership brings together two companies with a shared vision to drive progress in carbon sequestration and enhanced oil recovery.”
Fuse managing director of energy PK Pande said: “Partnering with GLJ presents a unique opportunity to bring global best practices and cutting-edge technologies into the North American market. Our combined expertise ensures that we address both the technical and commercial challenges of CO₂ sequestration, a rapidly evolving industry.
“By focusing on the full project life cycle – from planning and design to implementation, regulatory compliance and operations – we help guide the industry not only toward the projects worth pursuing but also steer them away from those that are not.”
The JV aims to play a pivotal role in the US’ carbon sequestration efforts, assisting states and industries in navigating the complexities of implementing effective CO₂ storage systems.
