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Milestone Carbon has put forward a plan to develop a carbon dioxide (CO2) sequestration hub in the southwestern Midland Basin.
Milestone Carbon said in a media release that the site will span parts of Midland and Upton counties. The site has the potential to support multiple wells that would enable the permanent geological storage of carbon dioxide, the company said.
As part of the development of this hub, Milestone Carbon said it has acquired rights to over 10,000 acres of land and pore space in Upton and Midland. Milestone Carbon also said it had recently received a Class II injection well permit from the Texas Railroad Commission, which allows for the sequestration of carbon dioxide from local natural gas processors.
Depending on the timing of infrastructure buildout and commercial arrangements with emitters, injection could begin as early as 2025, which would make the Midland Basin project among the first active carbon capture and storage (CCS) sites for permanent carbon sequestration in Texas.
The company also said the US Environmental Protection Agency recently confirmed as administratively complete a Class VI injection well permit application by Milestone Carbon. Class VI wells would increase the sequestration capacity and allow Milestone Carbon to inject CO2 from other industrial sources, supporting the decarbonization efforts of existing and planned facilities in the Permian Basin, the company said.
Milestone Carbon’s geological investigation indicates that the Midland Basin hub can store around 30 million metric tons of carbon dioxide, it said. This capacity is equivalent to the annual carbon emissions from 6.5 million US passenger cars and trucks. The hub would accommodate both Class II and Class VI injection wells to safely sequester CO2 from various emitters.
“Establishing carbon hubs like Milestone Carbon’s in the Midland Basin provides a low-cost solution for heavy industry and energy producers seeking to reduce and offset emissions, including natural gas processing, electricity generation, and other critical industries”, the company said. “In addition, these sites will create jobs connected with the buildout and operation of the CCS facilities and could potentially attract other low-carbon products and technologies such as hydrogen production, low-carbon ammonia, and low-carbon power”.
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