Navigator CO2 Ventures signs LoI with POET

June 7, 2022 |

In Texas, Navigator CO2 Ventures LLC has signed a Letter of Intent to provide carbon capture, utilization, and storage (CCUS) services to POET on Navigator’s Heartland Greenway system.

The agreement outlines Navigator’s integrated CCUS services for approximately 5 million metric tons of POET’s biogenic CO2 annually and establishes a collaborative path for the development of a central carbon offset marketplace and carbon use logistics platform. The system will phase in 18 of POET’s bioprocessing facilities across Iowa, Nebraska, and South Dakota, and is on schedule for operational in-service in 2025.

Both parties will leverage their respective expertise – relying on the unique breadth and scale of Navigator’s infrastructure development, construction, and operations and POET’s market-leading position in CO2 distribution, marketing, and logistics management. The joint efforts will create the largest combined distribution network for high-quality, biogenic CO2.

Category: Fuels

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