(PGJ) - In this interview, Crescent Midstream CEO Jerry Ashcroft discusses the CO_2 storage project his company has developed near the Louisiana Coast and its related new pipeline. PGJ: Can you tell our readers some of the specifics of the CO_2 storage project that Crescent Midstream has been developing near the Louisiana Coast? Jerry Ashcroft: This project (https://www.crescentmidstream.com/news/gulf-mexico-carbon-capture-and-sequestration-partnership) is one of the largest offshore CO_2 storage projects in the United States. It is expected to hold up to 300 million tonnes of CO_2 that would otherwise be emitted on the Louisiana Gulf Coast. The goal is to demonstrate the feasibility of transporting and permanently storing CO_2 on a commercial scale offshore. Underscoring the project's significant potential, the U.S. Department of Energy recently announced that it is supporting the project through its CarbonSAFE program. CarbonSAFE was created to advance projects that address the technical challenges of capturing CO_2 from power plants and industrial facilities or directly from the atmosphere and increase the number of storage sites progressing toward commercial operation.
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