Energy companies create carbon capture partnership to develop massive CO2 storage project in Gulf of Mexico

January 15, 2023/in /by Rudolf Huber

Wait, they want to store CO2 in the Gulf of Mexico so I assume they want to use some old oil field for doing so. Just by accident CO2 also is a great dissolvent of heavy oil and is one of the best agents to increase oil lift from old fields as it makes the oil much more fluid. So, the CO2 that is collected, treated, transported, and injected at the taxpayer’s dime increases oil lift for oil companies while they can brag about green credentials. That’s just too good to be true.

Carbon-Zero US, Cox Operating, Crescent Midstream and Repsol announced a partnership to develop one of the Gulf Coast's largest offshore hubs for the permanent storage of carbon dioxide.

worldoil.com

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