Crescent Midstream is to develop and construct an integrated CCS project in Lake Charles, Louisiana, capable of capturing, transporting, and permanently storing CO2 emitted from an Entergy-owned natural gas-fired power plant. A collaboration between Entergy, Crescent, Samsung E&A, and Honeywell, which is providing the carbon capture technology, the ~$1 billion project would be one of the largest CCS projects in the United States. It is expected to capture up to three million tonnes of CO2 per year that would otherwise be emitted on the Louisiana Gulf Coast.
Louisiana is the second largest CO2-emitting state in the United States. The majority of those emissions are concentrated in the lower Mississippi River Industrial Corridor, which produces more than 72 million tonnes of CO2 emissions per year according to the EPA. Roughly 66% of the state’s CO2 emissions come from industrial sources and 13% come from electric power generation.
As part of the project, Crescent would apply its onshore and offshore pipeline construction and operations experience to facilitate the safe transportation of CO2 to permanent underground storage facilities.
Crescent Midstream is backed by The Carlyle Group, a global alternative investment firm with some $435 billion of assets under management as of June 2024.
