Joint Venture Aims for Accelerated Rollout of U.S. Carbon Capture Projects

CCUS Projects 500 Million Dollar Joint Venture to Boost U.S. Carbon Capture Infrastructure

2025-05-10 Source: BKV 2 min Reading Time

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A new 500 million Dollar joint venture aims to accelerate the rollout of carbon capture projects across the U.S., combining technical expertise and infrastructure investment to expand low-carbon energy solutions.

BKV Corporation's CCUS (Carbon Capture, Utilization, and Sequestration) technology(Source: BKV) — BKV Corporation's CCUS (Carbon Capture, Utilization, and Sequestration) technology
(Source: BKV)

BKV Corporation has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP), acting on behalf of its Energy Transition Fund I, to advance carbon capture, utilization and sequestration (CCUS) projects across the United States.

As part of the agreement, CIP has committed up to 500 million Dollars to the joint venture in exchange for a 49 % stake. BKV will hold a majority interest of 51 % by contributing its existing CCUS projects — Barnett Zero and Eagle Ford — along with related assets and future capital or project contributions.

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The new entity will combine BKV’s early leadership in CCUS development with CIP’s expertise in large-scale low-carbon infrastructure. BKV will act as operator for all joint venture projects. Both partners intend to identify and develop further investment-ready CCUS opportunities under the new partnership.

“This strategic partnership with CIP, a world-scale asset manager of low-carbon infrastructure projects, further strengthens the economics of BKV’s CCUS business while enabling the acceleration of its growth,” said Chris Kalnin, Chief Executive Officer of BKV. “Together, we will expand our pipeline of carbon capture, utilization and sequestration projects to help meet the increasing demand for low-carbon energy solutions. By combining BKV’s technical and operating expertise in developing and scaling CCUS projects with CIP’s expansive network, project portfolio, and experience in infrastructure development, we are well positioned to grow our CCUS business. This partnership accelerates our efforts to expand into adjacent markets, industries, and geographies.”

BKV’s CCUS portfolio consists of numerous previously announced projects in various stages of development, two of which have been contributed to the JV initially. The Barnett Zero Project in North Texas has sequestered over 200,000 tons of CO₂ equivalent since start up in November 2023, and the Eagle Ford Project in South Texas is forecasted to achieve an initial injection in the first half of 2026, subject to receipt of all required permits and execution of necessary definitive agreements. Additional projects within BKV’s vast and growing CCUS portfolio are expected to be contributed to the JV as they progress.

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