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    1. Energy Efficiency

    CapturePoint and Energy Transfer Sign Agreements to Capture and Store 2 Million Tons of CO2 Annually at the CENLA Hub in Louisiana

    May 10, 2024
    The CENLA hub is a large onshore deep underground carbon storage center that will have the capacity to permanently store millions of tons of CO2 annually once development is completed
    Energy Transfer
    663e3b4cb669e2c12bea0757 Energy Transfer

    CapturePoint and affiliate CapturePoint Solutions have signed a revised Letter of Intent (LOI) with an affiliate of Energy Transfer, headquartered in Dallas, Texas, 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 expected to be emitted from Energy Transfer’s Haynesville natural gas midstream facilities to CapturePoint’s Central Louisiana regional carbon storage hub (CENLA Hub) and allows Energy Transfer to participate in a joint venture to own and operate the CENLA Hub. 

    The CENLA hub is a large onshore, deep underground carbon storage center. Once development is completed, it will have the capacity to permanently store millions of tons of CO2 annually that would otherwise be released into the atmosphere. 

    “The revised LOI and the CO2 Offtake Agreement reflect Energy Transfer’s recognition of the CENLA Hub as one of the most promising deep underground CO2 storage sites in the nation. We are excited to have this significant commitment from Energy Transfer," said Tracy Evans, CEO of CapturePoint. 

    The LOI also provides a framework for CapturePoint and Energy Transfer to collaborate for capturing and sequestrating additional CO2 from other Energy Transfer facilities in Louisiana. The agreements provide the foundation for capturing and storing up to 2 million tons of CO2 annually at the CENLA Hub.

    The Louisiana Department of Natural Resources is reviewing CapturePoint’s permit applications for CENLA Hub Class VI CO2 injection sites in Vernon and Rapides Parishes.

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.