Gulf Coast Sequestration
|CCS Hub||Gulf Coast Sequestration||Lake Charles, Louisiana||USA||General Industry||2022||https://gcscarbon.com/|
Gulf Coast Sequestration will build and operate the country’s premiere geologic sequestration asset, partnering with industrial customers to capture CO₂ and safely contain it underground. They are developing a regional sequestration “hub” capable of securely storing CO₂ volumes from multiple large industrial customers. Gulf Coast Sequestration officials say they’re expecting to benefit from federal tax credits available to some industries for using carbon sequestration to reduce emissions. Phase 1 of the project aims to sequester 80 million tonnes of captured CO2 with further phases increasing this to 300 million tonnes.