Infrastructure and logistics provider Buckeye Partners has acquired carbon capture and storage (CCS) specialist Elysian Carbon Management (Elysian) from EnCap Flatrock Midstream.
Based in Oklahoma, Elysian provides end-to-end CCS solutions to industrial, power, and similar facilities to support the transition to lower carbon products to advance emissions reduction goals.
The purchase will advance Buckeye’s strategy to become a Net Zero energy business by 2040, across Scope 1 and Scope 2 greenhouse gas emissions.
Read more: Carbon capture: storage vs utilisation
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