Terminal News

Banpu announces carbon sequestration agreement

Written by...

Molly Cooper

Molly Cooper

Journalist at Tank Storage Magazine.

International versatile energy provider, Banpu, has taken another big step forward in the carbon capture, utilisation and storage (CCUS) project in the US. This follows the initiatives of the Barnett Zero and the Cotton Cove projects.

The company recently entered into a carbon sequestration agreement with the State of Louisiana, referred to as the High West project. This supports Banpu’s goal to ultimately achieve net zero carbon emissions in the US upstream business.

Thiti Mekavichai, head of oil and gas business of Banpu says: ‘In our natural gas business, we aim for a carbon neutral target for scope 1 and 2 upstream emissions around 2025 and a net zero target for scope 3 upstream emissions in the 2030s. These CCUS projects will be a gamechanger for Banpu to advance towards these goals and create more value and continued growth for our business in the US.’

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