Milestone Carbon has submitted a plan to develop a carbon dioxide (CO2) sequestration center in the South West Midland Basin.
Milestone Carbon said in a news release that the site will span parts of Midland and Upton counties. The site has the potential to support multiple wells that would allow 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 more than 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 carbon dioxide sequestration from local natural gas processors.
Depending on the timing of infrastructure construction and trade agreements with emitters, injection could begin as early as 2025, making the Midland Basin project among the first active carbon capture and storage (CCS) sites for permanent sequestration of carbon in Texas.
The company also said the U.S. Environmental Protection Agency recently confirmed it had administratively completed a Class VI injection well permit application by Milestone Carbon. Class VI wells would increase sequestration capacity and allow Milestone Carbon to inject CO2 from other industrial sources, supporting decarbonization efforts at existing and planned facilities in the Permian Basin, the company said.
Milestone Carbon’s geological research indicates the central Midland Basin can store about 30 million metric tons of carbon dioxide, he said. This capacity is equivalent to the annual carbon emissions of 6.5 million US cars and trucks. The hub would house 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 looking to reduce and offset emissions, including natural gas processing, generation power and other critical industries,” the company said. “In addition, these sites will create jobs related to the construction and operation of CCS facilities and could attract other low-carbon products and technologies, such as hydrogen production, low-carbon ammonia and low-energy in carbon”.
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