Navigator Announces Plan for 1,200-Mile Carbon Capture Storage Pipeline Across Midwest
Navigator CO2 Ventures is moving forward with plans for a carbon capture pipeline system to provide a mechanism to keep carbon dioxide waste generated by bio-refineries and other industries out of the atmosphere.
According to a press release, the proposed 1,200-mile pipeline would transport CO2 across five Midwest states for delivery to a subterranean carbon sequestration facility. There’s potential that the plan may expand to multiple sequestration destination sites with a total capacity of 12 million metric tons annually.
After capturing the carbon dioxide from various industrial facilities in South Dakota, Minnesota, Iowa, Nebraska, and Illinois, the gas would then be purified, converted into a liquid for transport, and permanently sequestered at an Illinois facility.
The carbon steel pipeline will range in diameter from 6 to 20 inches as part of a system that Navigators stated would meet or exceed local and federal regulations. Potential sequestration sites in Illinois are currently being vetted with the goal of having a facility able to sequester up to 12 million metric tons of carbon dioxide underground yearly.
According to a project overview from Navigator, about 50 CSS pipelines operate in the U.S and transport about 68 million tons of CO2 per year.
In March, Valero Energy Corporation and BlackRock Global Energy & Power Infrastructure Fund III announced a partnership with Navigator to develop the 1,200-mile CCS system.
“Carbon capture infrastructure is a key part of reducing global carbon dioxide emissions, and we look forward to executing this important project with high-quality industry partners and creating a strong investment for our funds,” said Mark Florian, Head of BlackRock’s Global Energy & Power Infrastructure team.
According to a statement, the CCS system aims to capture and store an amount of CO2 equivalent to taking 2.6 million cars off the road annually or planting 550 million trees every year.
“Investing in CCS allows us to be a good steward of our midstream expertise while simultaneously addressing climate change and building a more sustainable future,” Navigator CEO Matt Vining said.
The project's binding open season is expected in early June. Phased operation could begin in 2024.
A Market Study Report estimates that the global carbon capture and storage market, valued at USD 2.3B in 2016, will reach $5.8B by 2025 with a growth rate of over 10.9% between 2017 and 2025.
Drop a line to firstname.lastname@example.org for newsletter subscriptions, tips, questions or comments.