(P&GJ) — In this interview, Crescent Midstream CEO Jerry Ashcroft discusses the CO2 storage project his company has developed near the Louisiana Coast and its related new pipeline. 

P&GJ: Can you tell our readers some of the specifics of the CO2 storage project that Crescent Midstream has been developing near the Louisiana Coast?  

Jerry Ashcroft: This project is one of the largest offshore CO2 storage projects in the United States. It is expected to hold up to 300 million tonnes of CO2 that would otherwise be emitted on the Louisiana Gulf Coast. The goal is to demonstrate the feasibility of transporting and permanently storing CO2 on a commercial scale offshore.

Underscoring the project’s significant potential, the U.S. Department of Energy recently announced that it is supporting the project through its CarbonSAFE program. CarbonSAFE was created to advance projects that address the technical challenges of capturing CO2 from power plants and industrial facilities or directly from the atmosphere and increase the number of storage sites progressing toward commercial operation.  

In addition to Crescent Midstream, this project is a collaboration of Cox Operating and its affiliate Carbon Zero US LLC, Repsol, Crescent Resource Innovation, the Southern States Energy Board (SSEB), Louisiana State University and Southern University at Shreveport.  

We’re thrilled to be part of it and look forward to helping demonstrate the potential of large-scale CCS. At the same time, and given our role, we look forward to becoming one of the first full-service midstream solutions for CCS in the process. Pipelines and their financial structures are an often-overlooked component of the CCS equation. We can fill that gap, as we are doing with this project.