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Louisiana’s oil and natural gas industry is leading the way to reduce and manage carbon emissions, as companies around the globe work to minimize their carbon footprint in a battle against climate change.
The natural gas and oil industry is committed to addressing climate challenges while also supplying the affordable, reliable energy our country counts on every day. Investing in technology and innovation, such as CCUS, supports our goals of meeting the world’s growing need for energy while also advancing a lower-carbon future.
Carbon capture, utilization and storage (CCUS), also referred to as carbon capture, utilization and sequestration, is a process that is designed to remove carbon dioxide emissions from industry operations and either reuses or stores it so it will not enter the atmosphere.
Carbon emissions are captured and recycled for use in enhanced oil recovery options (EOR) or permanently stored safely underground.
Carbon dioxide storage in geologic formations includes oil and gas reservoirs, unmineable coal seams and deep saline reservoirs -- structures that have stored crude oil, natural gas, brine and carbon dioxide over millions of years.
CCUS is an important emissions reduction technology that can be applied across the energy system.
CCUS has both the ability to remove CO2 from an industrial facility’s emissions and use it to produce many products, including the prospect of creating net-zero fuels to low-carbon intensive building materials. Net-zero refers to a scenario whereby the same amount of CO2 emissions are being captured, or removed, from the atmosphere as are being emitted.
Research and development into CCUS is ongoing, with more than 60 existing and planned facilities globally, and LMOGA member companies are involved in several carbon capture projects.
Louisiana is very fortunate to have ideal geology for sequestration and industrial corridors that contain pure carbon sources located relatively close to existing CO2 pipeline infrastructure. And, most importantly, we have a highly trained, highly skilled workforce that is well suited for building additional pipelines and operating wells. Add to these a preexisting statutory and regulatory framework, forward-thinking regulators equipped with the experience to kickstart this new industry, and it becomes clear that Louisiana is uniquely positioned to be a key player in CCUS.
Our industry has invested billions in greenhouse gas mitigation strategies, including end-use technologies like CCUS. Industry’s ability to innovate and develop new technologies is the key to our energy future, and technology like CCUS will play an essential role in meeting the increasingly aggressive emission goals being set around the world.