BKV, a subsidiary of Banpu Public Company, has announced a new carbon capture and sequestration (CCS) project in collaboration with a midstream energy company at a natural gas plant near Freer city in the Eagle Ford Shale in south Texas, US.
BKV plans to purchase the plant's CO₂ waste stream, compress it and then transport it for permanent sequestration through an injection well on an adjacent site.
The Texas Railroad Commission has approved the Class II injection well for the project.
BKV has submitted the project's monitoring, reporting and verification (MRV) plan to the US Environmental Protection Agency for approval.
The company expects to secure all environmental attributes linked to the CCS project.
The project reached a final investment decision in December 2024, and operations are set to commence by the first quarter of 2026, contingent upon securing all necessary permits.
Projected to have an annual average sequestration rate of 90,000 tonnes (t) of CO₂ equivalent (CO₂e), the venture is expected to bolster BKV's carbon capture, utilisation and sequestration (CCUS).
This portfolio also includes the operational CCS facility at the Barnett Zero site in North Texas and the Cotton Cove CCS project, which is expected to start initial sequestration operations in the first half of 2026.
BKV aims to reduce its emissions footprint by developing CCS assets and creating long-term value through innovative, sustainable energy solutions.
Banpu Public Company CEO Sinon Vongkusolkitsaid: “We are thrilled by BKV’s commitment to achieving net-zero emissions from its owned and operated upstream and natural gas midstream businesses. This initiative aligns with BKV’s closed-loop approach through its four business lines: natural gas production; natural gas gathering, processing and transportation; power generation; and CCUS.
“At Banpu, we remain committed to leading the sustainable energy transition. We will continue strengthening our leadership in reliable, low-carbon energy solutions through strategic investments in the United States and the Asia-Pacific region.”
