Kinder Morgan carbon storage planned for big Houston Ship Channel site
Kinder Morgan said Wednesday that it had leased nearly 11,000 acres near the Houston Ship Channel that the Houston-based pipeline giant would use as underground pore space as it expands its carbon storage business.
Kinder Morgan Energy Transitions Ventures agreed last week to lease the 10,800 acres from TGS Cedar Port Partners, a rail service operator that oversees a 15,000-acre industrial park near the channel, the company said. The lease gives Kinder Morgan access to underground caverns capable of storing more than 300 million metric tons of carbon dioxide.
Securing space along the channel paves the way for Kinder Morgan to offer solutions to nearby industrial facilities as they look for ways to capture and store carbon dioxide billowing from their smokestacks. It joins several big oil companies in a race to develop carbon storage projects in East Texas.
