The developer of a carbon pipeline and storage site in Louisiana is eyeing a major expansion of the project — potentially increasing the pipeline’s length more than threefold and running it through two additional states.
Tracy Evans, the chief executive of Texas-based CapturePoint, said the project could potentially expand from its current 150 miles of pipeline to around 500 miles and run through small portions of East Texas and southern Arkansas. Evans revealed the plans last week on the sidelines of a carbon management conference in Colorado.
The move would broaden the footprint of one of Louisiana’s major carbon capture projects and underscore the effect of the 2022 Inflation Reduction Act. CapturePoint and other companies have expressed interest in developing projects to offtake CO2 from large industrial hubs in order to receive 45Q tax credits for carbon storage expanded under the law.
The company’s plans come as Louisiana is preparing for potentially dozens of carbon capture projects to begin construction. Nine months ago, EPA granted the state “primacy,” or the ability to issue Class VI permits for injection of CO2 into saline or other geologic formations
