United States – French TotalEnergies has made a move in the realm of carbon capture and storage (CCS) by acquiring Talos Low Carbon Solutions (TLCS), an American company pioneering CCS technology.
By investing in CCS technology, TotalEnergies aims to mitigate the environmental impact of its operations, particularly in hard-to-abate sectors such as refining and petrochemicals. The Bayou Bend project, in particular, offers a promising opportunity to store significant volumes of CO2, thereby contributing to the global effort to combat climate change.
CCS technology involves capturing carbon dioxide emissions from industrial processes and storing them underground to prevent their release into the atmosphere. TLCS specializes in developing advanced CCS solutions, making it a valuable addition to TotalEnergies’ portfolio.
Bayou Bend project
The Bayou Bend project, situated in the United States, has the potential to significantly reduce CO2 emissions from industrial sources. By providing a robust carbon transportation and storage infrastructure, TotalEnergies aims to support industrial emitters in the Houston Ship Channel and Beaumont-Port Arthur region in decarbonizing their operations.
TotalEnergies’ investment in CCS technology is bolstered by governmental initiatives aimed at promoting carbon reduction and clean energy innovation. By supporting CCS projects financially and regulatory, governments play a crucial role in accelerating the adoption of this technology and facilitating the transition to a low-carbon economy.
