Published by Todd Bush on December 1, 2023
NEW YORK and DENVER, Nov. 29, 2023 /PRNewswire/ -- Kimmeridge Carbon Solutions, a private equity fund sponsored by private investment firm Kimmeridge Energy Management Company, LLC ("Kimmeridge"), and Storegga Limited ("Storegga") announced today the signing of a collaboration agreement aimed at advancing carbon capture and storage (CCUS) projects. The two companies will collaborate to identify, develop and deploy large-scale CCUS initiatives with the goal of significantly reducing carbon emissions. This collaboration harnesses Kimmeridge's US onshore experience, geotechnical expertise and industry relationships, coupled with Storegga's expertise in carbon value chains and in the development and commissioning of CO2 transportation and storage infrastructure.
>> Additional Reading: Kimmeridge Publishes White Paper: "Accelerating the Carbon Market: A Call for a Standardized Rating System for Removal and Avoidance Credits"
The initial focus of the joint effort will be on projects in Wyoming, a state with Class VI primacy, suitable subsurface geology and industrial emitters looking to decarbonize. Kimmeridge and Storegga will also explore concepts proximal to locations where Kimmeridge has active hydrocarbon projects. A combined team of Storegga and Kimmeridge experts has advanced project analysis and engaged in discussions with both landowners and emitters.
Henry Makansi, Managing Partner at Kimmeridge, said, "CCUS will be a critical tool in reducing carbon emissions, particularly in difficult-to-abate sectors. With our subsurface expertise and research capabilities, we are increasingly focused on deploying this technology to meet the demands of net-zero goals. We are delighted to be working with Storegga to study opportunities and accelerate the development of successful and value-creating projects in the US."
Nick Cooper, CEO of Storegga, said, "This cooperation will marry Kimmeridge's local presence, relationships and expertise with Storegga's carbon knowledge and focus on decarbonizing industry and power."
>> In Company Spotlight: Storegga
Storegga Limited is an independent, UK-based decarbonization development business. It develops early-stage carbon capture and storage and hydrogen projects in the UK and internationally to contribute to achieving net-zero targets. The company employs approximately 80 people in the UK, US and Singapore, with its head office in London.
Storegga is a private company backed by GIC, Mitsui & Co., Ltd., M&G Investments, Macquarie Group and Snam. https://storegga.earth/
>>Read more about Svante and Storegga Partner for Global Carbon Capture Projects
Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative asset manager specializing in the energy sector. Kimmeridge's direct investment approach, deep technical knowledge, active portfolio management and proprietary research and data gathering set the firm apart in the industry. The Kimmeridge Carbon Solutions fund focuses on sustainable and value-driven investments in the energy sector, and has a made a series of targeted investments, including Chestnut Carbon, Landgate and Common Energy. https://kimmeridge.com/
SOURCE Kimmeridge
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛫 XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028 ⚓ Backgrounder: Government of Ca...
Inside This Issue ✈️ SAF Isn’t a Buzzword Anymore - It’s 2025’s Breakout Fuel 🏅 Global Energy Prize Awarded to Three Scientists From China, USA and Russia ⚡ ACES Delta I Hydrogen Production and St...
Inside This Issue 🛢️ Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball 🏭 MHI Awarded Contract for Basic Design of Japan's Largest CO₂ Capture Plant at Hokkaido Electric Power's Tomato-Atsuma...
Models suggest that meeting climate targets will be virtually impossible without steep emissions cuts paired with a huge expansion of carbon management technologies $350 million already investe...
Climate Impact Partners Enables 150 Million Tonnes of CO2e Reduced in Landmark 2025 Impact Report
Climate Impact Partners, a global leader in high-quality carbon market solutions, today publishes its 2025 Impact Report: Delivering Tonnes of Impact. The report showcases how the company, alongsi...
NORTHBROOK, Ill.--CF Industries Holdings, Inc. (NYSE: CF) today announced the start-up of the carbon dioxide (CO2) dehydration and compression facility at its Donaldsonville Complex in Louisiana. T...
Spiritus Technologies PBC Plans Santa Fe, New Mexico, Operations
Spiritus Technologies PBC, a company engaged in sustainable carbon removal, plans to establish operations in Sante Fe, New Mexico. The project is expected to create 40 jobs. The company will lease...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.