Chevron and Talos Energy to Explore Carbon Capture Project

By Global Infrastructure Sherpa · May 1, 2025

Joint Venture Carbon Capture And Storage announced Port Arthur and Beaumont, United States May 1, 2025

225 million metric tons of CO2

Capacity

development

Stage

Bayou Bend Carbon Capture and Storage Project

Project

Chevron U.S.A. Inc. and Talos Energy Inc. announced an agreement to jointly explore and potentially develop carbon capture and storage (CCS) opportunities along the U.S. Gulf Coast and Gulf of Mexico.

Source Intelligence

KEY DETAILS

Chevron takes the majority stake in exchange for cash and capital needed by the project. Equity shares in their joint venture would be 50% for Chevron and 25% for each of the other two companies.

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Capacity

They estimated that this area can store 225 to 275 million metric tons of CO2.

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Location

The goal of the project is to capture CO2 from the smokestacks of industrial facilities in Texas. These particularly include the sites in Port Arthur and Beaumont.

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Announcement

May 10, 2022

PARTIES MENTIONED IN SOURCE

Chevron developer

"Joining Chevron in this pioneering initiative are Talos Energy and Carbonvert , a carbon capture and storage developer."

Talos Energy developer

"Joining Chevron in this pioneering initiative are Talos Energy and Carbonvert , a carbon capture and storage developer."

Carbonvert developer

"Joining Chevron in this pioneering initiative are Talos Energy and Carbonvert , a carbon capture and storage developer."

Exxon Mobil developer

"In October 2021, Exxon Mobil suggested turning the 50-mile-long Houston Ship Channel into a CCS hub."