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 🧪 $400M Bet on Blue Ammonia: Industry Giants Push Carbon Capture in Louisiana 🏭 Linde Signs Long-Term Agreement to Supply Industrial Gases to World-Scale Low-Carbon Ammonia Facil...
Inside This Issue 🔌 BP's Indiana Exit Is Not the Endgame for Clean Hydrogen ☀️ Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch 🏗️ Heidelberg Materials Inaugurates Brevik CCS...
Inside This Issue 🧩 Who Gets Left Behind? Inside the Senate Plan Reshaping America's Clean Energy Future 🌿 TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioener...
Carbon Upcycling Technologies ("Carbon Upcycling"), a leader in carbon and resource utilization, announced today the closing of its USD 18 million investment round led by Builders Vision, a team of...
BUSE Gases Limited is excited to announce a transformative 10-year offtake agreement with Acorn Bioenergy, marking a significant leap forward in our commitment to sustainability and innovation. Un...
Back by Aramco Ventures, Khosla Ventures, Mitsubishi Heavy Industries America, and TDK Ventures, Spiritus is set to transform carbon removal, turbocharging America’s AI-driven future with energy an...
WOKING, England--Linde (Nasdaq: LIN) today announced it has signed a new long-term agreement with Blue Point Number One, a joint venture between CF Industries, JERA and Mitsui & Co.. Under the ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.