Milestone Carbon, a subsidiary of Houston-based Milestone Environmental Services, said Tuesday it will develop a carbon dioxide sequestration hub in Midland and Upton counties in southwestern Midland Basin. Milestone acquired rights to more than 10,000 acres of land and pore space “for permanent sequestration and storage of CO2.” The site “has the potential to support multiple wells that will enable the permanent geological storage of carbon dioxide.”
Milestone Carbon received an injection well permit from Railroad Commission of Texas that allows for sequestration of carbon dioxide from local natural gas processors. Injection could begin as early as 2025. And Milestone applied to U.S. Environmental Protection Agency for an injection well permit to allow it to inject CO2 from other industrial sources. Milestone Carbon said the hub should have sufficient capacity to store about 30 million metric tons of CO2 over its life.
Milestone’s announcement said, “Establishing carbon hubs like Milestone Carbon’s in the Midland Basin provides a low-cost solution for heavy industry and energy producers seeking to reduce and offset emissions, including natural gas processing, electricity generation and other critical industries.”