LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass announced it was awarded a grant from the Wyoming Energy Authority to fund the development of a commercial-scale CO2 sequestration hub in the Denver-Julesburg (DJ) Basin in eastern Wyoming. The grant is in addition to the company’s proposed direct investment in the Eastern Wyoming Sequestration Hub project, which is designed to provide a cost-effective means of capturing, transporting and sequestering CO2 across multiple states.
“The Eastern Wyoming Sequestration Hub project is a strong addition to our existing decarbonization initiatives and aligns with our broader clean energy strategy,” said Kyle Quackenbush, Segment President. “This project can accelerate the state’s goal to be net negative in CO2 emissions by importing and sequestering CO2, and benefit the broader Rocky Mountain and Midwest regions. We very much appreciate the support of the Wyoming Energy Authority and look forward to working with them, as well as other government and community leaders in Wyoming.”
“Wyoming is deeply committed to providing decarbonized solutions for the 21st century,” said Dr. Glen Murrell, Executive Director of the Wyoming Energy Authority. “We are pleased to be able to fund Tallgrass’s Eastern Wyoming Sequestration Hub project, which has the potential to add an important resource for our net-zero goals.”
Tallgrass expects to utilize the WEA grant in 2022 to fund development activities and drilling a characterization well in connection with its anticipated Class VI permit filing for the hub.
Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. We are committed to being at the forefront of efforts to decarbonize our world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass. Visit Tallgrass.com to learn more.
Cautionary Note Concerning Forward-Looking Statements
Disclosures in this press release contain forward-looking statements. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that management expects, believes, or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the successful development of the referenced commercial-scale CO2 sequestration hub; the timing of the completion of the development of the sequestration hub; the expectation that the hub will accelerate the State of Wyoming’s goal to be net negative in CO2 emissions; and the expected benefits, economic or otherwise, of the proposed hub to the State of Wyoming and to the broader Rocky Mountain and Midwest regions. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Tallgrass, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, and other important factors that could cause actual results to differ materially from those projected, including those set forth in reports and financial statements made available by Tallgrass. Any forward-looking statement applies only as of the date on which such statement is made, and Tallgrass does not intend to correct or update any forward-looking statement, whether because of new information, future events or otherwise, except as required by law.