Published by Todd Bush on August 25, 2022
DENVER, Aug. 23, 2022 /PRNewswire/ -- BKV Corporation ("BKV" or "the Company") today announced that it has entered into an agreement with Verde CO2 CCS, LLC ("Verde") for carbon capture, utilization, and sequestration (CCUS) project identification and evaluation to expand its CCUS and greenhouse gas emissions reduction efforts.
Chris Kalnin, Chief Executive Officer of BKV, said, "Leveraging Verde's CCUS expertise is expected to help achieve our goal of being a leader in the safe production of low impact, sustainable energy. We are excited to work with them to move CCUS projects forward and make a meaningful impact on the reduction of greenhouse gas emissions."
"Our team's expertise in the capture, transport, geology, reservoir, and sequestration value chains is setting the industry standard, and we are excited to collaborate with BKV moving forward," said Charles Fridge, Chairman and CEO of Verde. "This agreement will further our shared goals of advancing environmental stewardship and achieving net-zero carbon reduction technology across the energy value chain."
BKV is committed to equipping its dedicated CCUS business line, BKV dCarbon Ventures, with the resources needed to evaluate CCUS projects more efficiently and build a pipeline of feasible projects going forward. BKV dCarbon Ventures has a strategic focus on permanent sequestration of point-source emissions.
BKV's primary criteria for CCUS project evaluation fall under three main categories--regulatory, social, and environmental. "We believe that when these three pillars intersect, we can make CCUS both feasible and profitable," said Lauren Read, Vice President of BKV dCarbon Ventures at BKV. "We are passionate that CCUS can help reduce global emissions that impact climate change, and by enlisting Verde, we are on a path to demonstrate that low-impact, sustainable energy can be achieved."
BKV's initial CCUS project, in partnership with EnLink Midstream, is expected to come online by the second half of 2023.
Headquartered in Denver, Colorado, BKV Corporation (BKV) is a privately held, forward-thinking, growth-driven, vertically integrated energy company that seeks to deliver low-impact, sustainable energy to the community. BKV's core business is to produce natural gas from its owned and operated upstream businesses. Founded in 2015, BKV has approximately 400 employees across the U.S. that are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies. For more information, visit www.bkvcorp.com.
Headquartered in Houston, Texas, Verde is an independent carbon capture and sequestration ("CCS") developer-operator in the U.S. By leveraging its core reservoir competencies and project management processes, Verde has constructed a large, diverse and advanced portfolio of CCS projects in the United States. For more information, visit www.verdeco2.com.
SOURCE BKV Corporation
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🪣 Shovels Hit the Ground on California’s First Carbon Storage Hub 🤝 CHARBONE Announces a Strategic Alliance with a Leading U.S. Industrial Gas Producer 📜 Gold Standard Approves M...
Inside This Issue 🧠 From Mars to AI: Fuel Cells Power $28B Boom 🏆 Svante Technologies Wins Global Award for Breakthrough Carbon Capture Innovation 🚧 California Resources Corporation Breaks Ground ...
Inside This Issue 💰 Where the $6.5 Trillion Goes: Carbon Tech Fights for Funding 🔋 Douglas PUD Commission Cuts Ribbon At Renewable Hydrogen Production Facility 🍁 Quinbrook Acquires First Canadian ...
Sustainable Jet Fuel Developer Moves Priority From SD to ND Amid Summit Pipeline Delays
Gevo Inc. Plans Sustainable Aviation Fuel Shift From South Dakota To North Dakota Amid Summit Carbon Pipeline Delays Gevo Inc., a Colorado-based developer of sustainable aviation fuel (SAF), annou...
CapturePoint’s CENLA Hub Project Advances On Louisiana’s Short List For Carbon Storage Permitting
CapturePoint Solutions LLC’s CENLA Hub Project Advances On Louisiana Department of Conservation and Energy (C&E) Short List For Carbon Storage Permitting ALLEN, Texas, Oct. 15, 2025 (GLOBE NEW...
Pacific Harbor Line Expands Sustainability Efforts With Remora Partnership
Anacostia Rail Holdings (ARH) is pleased to announce that its Pacific Harbor Line (PHL) subsidiary has entered into a development agreement with Remora, a Michigan-based climate technology startup ...
CATACARB® Wins Carbon Remover Award At Carbon Capture Canada 2025
CATACARB is proud to announce it has been awarded the Carbon Remover Award at Carbon Capture Canada (Canada's National Carbon Capture and Storage Event) held in Edmonton. The Carbon Remover Award r...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.