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One of world’s largest carbon sequestration projects begins permitting process
22 November 2020
Gulf Coast Sequestration (GCS) announced on 13 October 2020 that
it initiated the process for obtaining a Class VI Underground
Injection Control permit from the US Environmental Protection
Agency (EPA).
Designed to permanently store more than 80 million tons of
carbon in deep geologic formations, GCS is planning one of the
largest carbon capture and sequestration (CCS) projects in the
world. "With the capacity to sequester 2,700,000 tons of CO₂
annually, it will be equivalent to removing about 600,000 passenger
vehicles from the road every year or the equivalent annual carbon
avoided from 2,000 wind turbines," the company said.
GCS controls both the surface and subsurface rights for a large,
contiguous landholding in southwest Louisiana, and it said it has
determined that the area's geologic pore space is ideally suited to
build and operate a world-class carbon sequestration project.
"This filing is a long time coming and an exciting moment for
GCS," said Gray Stream, president of Matilda Stream Management,
Inc., the owner of GCS. "We have done our homework, and our permit
application reflects our commitment to robust environmental
compliance. We look forward to working with EPA to secure the
approvals needed to develop, construct, and operate one of the
leading carbon sequestration projects in the world."
"At GCS, we believe that CCS is the best way to tackle
industrial greenhouse gas emissions," said GCS Principal Benjamin
Heard. "By providing safe and secure storage for carbon dioxide,
GCS will assist industrial customers in achieving their
sustainability goals. Working together, we can help to steer the
United States toward a more economically and environmentally
sustainable future."
In addition to superior geology, the site is close to the
Louisiana petrochemical and refining complex, thus making it
ideally situated for serving facilities that are emission large
amounts of CO2, the company said.