Crescent Midstream will develop and construct an integrated CCS project to capture, transport and permanently store carbon dioxide (CO2) emitted from Entergy Corp.'s 994 MW Lake Charles Power Station in Westlake, Louisiana.
An approximately $1 billion project backed by partnership between Entergy, Crescent, SAMSUNG E&A, and Honeywell's carbon capture technologies is expected to capture up to 3 million tons of CO2 per year, which would have been emitted on the Louisiana Gulf Coast.
The completed project will also capture annual commercial CO2 emissions equivalent to 600,000 motor vehicles.
In Louisiana, the majority of CO2 emissions are concentrated in the lower Mississippi River Industrial Corridor, which produces more than 72 million tons of CO2 emissions per year, according to the EPA. Roughly 66 percent of the state's CO2 emissions are derived from industrial sources and 13 percent come from electric power generation.
Crescent is expected to apply its extensive onshore and offshore pipeline construction and operations experience to facilitate the safe transportation of CO2 from emitters to permanent underground storage facilities, under the project.
The firm has agreed to sponsor efforts by the Well Done Foundation (WDF) to plug orphaned oil wells in Louisiana to help reduce emissions. The foundation's proven methodology helps deliver immediate and quantifiable benefits by stopping oil wells from discharging methane emissions.
Additionally, Crescent has completed marsh preservation projects to mitigate coastal erosion in areas impacted by extreme weather events to both protect and rebuild those areas and to restore CO₂ absorbing plant life. The company is actively involved in community outreach in Southern Louisiana and supports various organizations to drive a positive social impact within its operating footprint.
Crescent Midstream is backed by The Carlyle Group, a global alternative investment firm with $435 billion of assets under management as of June 30, 2024.
Entergy began construction on the Lake Charles power station in 2018 and completed it two years later.
