Decarbon Daily - Issue for August 10, 2021
Inside this issue
The Energy earnings calls are wrapping up and several unlikely winners are emerging for the first half of the year.
Denbury Resources owns a network of 925+ miles of CO2 pipeline today that are strategically located in proximity to multiple large sources of industrial CO2 along the Gulf Coast. Year to date, Denbury's stock is +160% with a $3.4 billion market cap.
Chris Kendall, Denbury's President and CEO said:
With bipartisan support, most of the legislation I see working today is targeted to improve the incentives for increased captured industrial CO2 volumes. We are at a very exciting time in this industry, and Denbury is extremely well-positioned to play a key role. I'm frequently asked how I see the future role of EOR in CCUS. Over time, I believe that the majority of captured CO2 will be sequestered outside of EOR, primarily because the volume of captured industrial CO2 is likely to be far greater than what can be injected into EOR fields.
Inside this Issue
📈 Oxy Looks to Ramp Permian Carbon Capture by Early 2024
📑 7 things to know about carbon removal markets
🤝 U. S. Steel to Work with Equinor to Assess Hydrogen, Carbon Capture and Storage Development
💰 Denbury Inc. (DEN) Q2 2021 Earnings Call Transcript
Articles in this issue