Published by Todd Bush on December 14, 2022
PLANO, Texas--(BUSINESS WIRE)-- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) is hosting a live webcast at 10:00 a.m. C.T. today to review its carbon capture, utilization, and storage (“CCUS”) strategy, growth plans, and financial projections. Registration for the webcast can be found on the Company’s Investor Relations website, where presentation materials are currently available. A replay of the event will be available shortly following the conclusion of the broadcast on the same website.
>> In Other News: Caterpillar Announces Collaboration with Luck Stone to Scale Autonomous Solutions to the Aggregates Industry
Denbury is uniquely positioned to lead the deployment of CCUS in the U.S. based on its extensive technical expertise and dedicated CO2 assets.
Denbury estimates that its CO2 transportation & storage service volumes will grow to between 15 and 25 Mmtpa on average in 2026, 30 – 40 Mmtpa in 2028, and 50 – 70 Mmtpa in 2030.
Denbury targets achieving Scope 1, 2, and 32 net negative status by the end of 2030 through increasing amounts of associated and dedicated storage of industrial-sourced CO2. The Company is currently Scope 1 and 2 net negative through storage associated with its use of industrial CO2 in its EOR operations.
1 A Non-GAAP financial measure. See “Statement regarding Non-GAAP Financial Measures” below.
2 Scope 3 refers to Scope 3 Category 11 (Use of Sold Products)
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging Denbury’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 EOR.
Source: Denbury Inc.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏭 CF Industries Flips Switch on Massive CCS Hub That Changes Everything 🧴 Scientists Transform Plastic Waste Into Efficient CO2 Capture Materials ⚡ SHS Group and Verso Energy Sig...
Inside This Issue 🏭 CF Industries Announces Start-up of Donaldsonville Complex CO2 Dehydration and Compression Unit, Permanent CO2 Sequestration 📉 EIA: US Biodiesel And Renewable Diesel Imports Fa...
Inside This Issue 💧 Hydrogen Hubs Hit $10B by 2035: The Real Projects Behind the Numbers 🛑 Shell Scraps Construction of Biofuels Plant in Rotterdam ⚙️ Carbon Capture Made Scalable: Decarbontek Deb...
CleanCounts Selected as an Awardee of LevelTen Energy’s Registry Acceleration Fund
Building on Existing 2019 Agreement, North America's Largest Registry to Enable Fractionalized REC Transactions for All Generators in MISO MINNEAPOLIS, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Today, Cl...
SHS Group and Verso Energy Sign Groundbreaking Hydrogen Contract
The SHS - Stahl-Holding-Saar Group (SHS Group) with its shareholdings Dillinger (Aktien-Gesellschaft der Dillinger Hüttenwerke), Saarstahl (Saarstahl Aktiengesellschaft) and ROGESA (ROGESA Roheisen...
US Scientists Harness Sunlight To Capture CO2 In Low-Energy Breakthrough
Scientists have tried countless ways to capture carbon. But what if something as simple and abundant as sunlight could do the trick? Richard Y. Liu, assistant professor at Harvard, has developed a...
Hawaiian Airlines on Aug. 29 announced it will be incorporating sustainable aviation fuel (SAF) on flights between Osaka, Japan, and Honolulu, Hawai‘i under a sales agreement between parent company...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.