Gulf Coast Sequestration Hub Can Assist in Decarbonizing Local Industry while Supporting Jobs
Lake Charles, LA – Gulf Coast Sequestration (GCS), a Louisiana-based company building the largest carbon sequestration hub in North America, and leading direct air capture (DAC) company Climeworks today announced the signing of a Memorandum of Understanding (MOU). Their partnership will aim to enable the permanent removal of one million tons of carbon dioxide from the air annually by 2030, with the capability to expand to multi-million ton capacity in future years.
If anyone is at the front of the line of the EPA approval process, it’s a man named Gray Stream, the steward of a roughly 100,000-acre patchwork of southwest Louisiana that Meckel’s atlas suggests is at least as red as High Island 24L. Stream is a scion of the Louisiana dynasty that owns Gray Ranch, and he’s betting that his chunk of Gulf Coast rock gives him pole position in the carbon-storage race. “Mine goes to 11,” he tells me, smiling wryly as he evokes a line from This Is Spinal Tap, the 1984 mockumentary about a British rock band with extra-loud amplifiers. He hopes the EPA, in particular, will like his ranch’s carbon-carrying capacity
A Lake Charles company has embarked on an ambitious plan to create a vast repository 10,000 feet beneath the Earth’s surface for the permanent storage of up to 80 million tons of carbon gas now released into the air by Louisiana industrial plants.