Enterprise, Oxy's 1PointFive to develop CO2 transportation network for Texas hub

seekingalpha

2024-10-28

Parradee Kietsirikul/iStock via Getty Images

Enterprise Products Partners (NYSE:EPD) and Occidental Petroleum's (OXY) 1PointFive carbon capture, utilization, and sequestration subsidiary unveiled an agreement Monday to jointly develop a carbon dioxide transportation network to support the Bluebonnet Sequestration Hub that 1PointFive is developing in Texas.

Enterprise (EPD) said it will develop a new pipeline network and provide fee-based transportation services to 1PointFive to transport emissions captured by third parties at facilities in the vicinity of the Houston Ship Channel to 1PointFive's Bluebonnet hub; the new pipeline network will be co-located with existing pipeline infrastructure.

1PointFive's Bluebonnet Sequestration Hub was recently awarded funding from the U.S. Department of Energy to support the Hub's development.

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the new pipeline network will be co-located with existing pipeline infrastructure.</span></p> <div></div><p>1PointFive's Bluebonnet Sequestration Hub was recently awarded funding from the U.S. Department of Energy to support the Hub's development.</p> </body></html>","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Enterprise, Oxy's 1PointFive to develop CO2 transportation network for Texas hub</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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