EnLink Midstream, LLC (EnLink) announced the formation of a group to pursue energy transition opportunities, including projects in carbon capture, use, and sequestration (CCUS).
"We are pursuing exciting growth opportunities in the Permian and Louisiana, as well as experiencing improved activity in Oklahoma and North Texas," said Barry E. Davis, EnLink Chairman and CEO. "Coupled with our commitment to capital efficiency and execution excellence, these opportunities have resulted in a substantial increase to our 2021 EBITDA and free cash flow outlook.
"I am also excited to announce the formation of EnLink Carbon Solutions, which will pursue carbon capture opportunities. EnLink has the largest intrastate network in Louisiana, which connects us to industrial customers in one of the areas with the highest concentrations of C02 emissions in the nation. We are uniquely positioned to launch CCUS ventures that will move EnLink and our industrial partners toward mutually beneficial decarbonization goals that support the global energy transition, while also driving value creation for EnLink and our unitholders."
The new group, EnLink Carbon Solutions, will identity and pursue energy transition opportunities, including a focus on CCUS. The group is focused on finding CCUS synergies that align with EnLink’s extensive Louisiana footprint, which contains approximately 4,000 miles of pipeline and is connected to one of the nation’s largest concentrations of industrial CO2 emissions.
Details Courtesy of EnLink.