03/11/2024

U.S. Carbon Pipeline Company Pledges No Oil Recovery

However, Bakken drillers want it

Summit Carbon Solutions, which is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases, has repeatedly pledged its project will not be used by drillers to boost output from oil fields.

But Summit has a different message for prospective clients, including North Dakota’s oil sector, according to a Reuters review of state regulatory filings and recordings of public appearances by company executives: if you want to use our project for enhanced oil recovery (EOR), where gas is pumped into oil fields to increase production, just write a check.

The dual messages illustrate Summit's efforts to court broad support for its $5.5 billion project, which could capture as much as 18 million metric tons of CO2 annually from 57 Midwest ethanol plants and store it underground at a site in North Dakota.

Please select this link to read the complete article from Reuters.