Abstract
Some oil and gas firms are leveraging their expertise in handling CO 2 to create a new crop of customers based on carbon capture equipment and services. The pipeline company Kinder Morgan formed a New Energy Transition Ventures division in mid-March that will invest in carbon capture and sequestration as well as in hydrogen production and renewable energy. Kinder Morgan sells CO 2 on a billion-dollar scale annually, with almost all of it coming from underground deposits and being used for enhanced oil recovery . “Now we’re looking to invest upstream in the form of carbon capture,” group president Jesse Arenivas told Bloomberg . Separately, the fuel and petrochemical maker Valero is planning a 2,000 km network of liquid CO 2 pipelines in Nebraska, Iowa, South Dakota, Minnesota, and Illinois. The pipelines are intended to bring CO 2 from ethanol makers and other industrial sources in the Midwest to sequestration
Published Version
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