BKV Corporation announced it reached a Final Investment Decision (FID) in mid-December 2024 for a new carbon capture and sequestration (CCS) project. This project is a strategic partnership with a leading diversified midstream energy company, located at an operating natural gas plant near Freer in the Eagle Ford Shale, South Texas.
Under the partnership, BKV will acquire the carbon dioxide waste stream from the plant, which will then be compressed, transported, and permanently sequestered using BKV’s injection well at an adjacent site. The Texas Railroad Commission has already approved the project's Class II injection well permit.
The new CCS facility is expected to commence sequestration operations in the first quarter of 2026, pending all required permits. It is forecasted to achieve an average sequestration rate of approximately 90,000 metric tons per year of CO2 equivalent, significantly expanding BKV's carbon management capabilities.
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