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A $250 Million Investment for ND Hydrogen and CCS Hub

Inside this issue

Summit Carbon Solutions announced a strategic $250 million investment from Continental Resources to build out a carbon capture and sequestration project in the Williston Basin in North Dakota.

Summit Carbon Solutions will primarily capture CO2 from ethanol plants and other industrial sources in Iowa, Nebraska, Minnesota, North Dakota and South Dakota. The CO2 will be aggregated and transported to North Dakota via pipeline, where it will be safely and permanently sequestered in extensively researched subsurface geologic formations.
Source: Summit Carbon Solutions

Continental Resources operates oil and gas wells in North Dakota (Williston Basin), Wyoming (Powder River), Texas (Permian), and Oklahoma (Anadarko). The company has been focused on GHG and methane emissions with recent reports showing 40% to 60% reduction in emissions intensity. Continental Resources currently is running 7 of the 23 active drilling rigs in North Dakota.

North Dakota CCUS and Hydrogen Hub

Bakken hub
Source: Great Plains Institute

The North Dakota hub offers strategic and practical advantages for the partners:

  • Existing 45Q-eligible facilities from industrial facilities
  • Hydrogen production and pipeline network, including 200+ miles of CO2 pipeline
  • Lower sequestration costs due to known geologic formations for CO2 storage
  • Favorable state and local policies

According to the Great Plains Institute, 6.5 million tons of CO2 per year is capturable in the near or medium-term.

Articles in this issue

Summit Carbon Solutions Announces Strategic Investment from Continental Resources to Create Largest of its Kind Carbon Capture and Sequestration Project
"Today, Summit Carbon Solutions announces a strategic investment from Continental Resources, Inc. (NYSE: CLR) to create the largest carbo...

NCX Raises $50m to Fund International Expansion and New Natural Capital Markets
NCX, the science-driven forest carbon marketplace delivering large-scale, immediate impact for climate and communities, announced a raise...

TotalEnergies Enters Castle Wind JV to Explore 1GW Development of Offshore Wind in Central California
TotalEnergies (NYSE: TTE) has joined Trident Winds Inc. in the Castle Wind LLC joint venture for the development of a 1 GW offshore wind ...

New report calls for ‘urgent action’ to develop UK’s CCUS supply chain
There is ‘significant opportunity’ to increase the UK’s manufactured content in the carbon capture, utilisation and storage (CCUS) sector...

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