Energy Fuse, GLJ Implement Carbon Sequestration, Oil Recovery Projects
Under the joint venture, GLJ will provide consulting services, resource evaluation, and emissions management, and Energy Fuse will contribute its experience in geoscience and engineering.
Energy Fuse Group and GLJ established a joint venture combining engineering and geosciences products and services to implement carbon sequestration and enhanced oil recovery projects in the United States. GLJ will provide consulting services, resource evaluation, and emissions management for the energy sector, while Energy Fuse contributes its experience in geoscience and engineering. The duo will facilitate state applications for carbon sequestration and offer solutions to benefit the environment and energy industry.
“Partnering with GLJ presents an opportunity to bring global best practices and technologies into the North American market," said Pk Pande, Managing Director of Energy Fuse. "Our combined expertise ensures that we address both the technical and commercial challenges of CO2 sequestration, a rapidly evolving industry. By focusing on the full project lifecycle—from planning and design to implementation, regulatory compliance, and operations—we help guide the industry not only toward the projects worth pursuing but also steer them away from those that are not.”
Partnership Details
In addition, the partnership leverages the companies’ expertise in project management, operational design, and subsurface and commercial evaluations to accelerate effective CO2 storage solutions. GLJ and Energy Fuse’s technical capabilities allow them to support state and industry carbon storage solutions which, through the partnership, will comply with changing state and federal regulations.
“We believe this joint venture is well-positioned to provide intelligence to the U.S. carbon sequestration market,” said Alan Withey, Executive Vice President & Chief Financial Officer at GLJ. “With each state crafting its own procedures around CO2 storage applications, our expertise in subsurface evaluation allows us to offer critical guidance and support for companies wanting to engage in carbon sequestration activities and to states looking for practices to craft their individual legislation using the latest techniques and information available.”
As carbon capture and storage (CCS) is increasingly adopted to tackle climate change, this joint venture aligns with the United States’ focus on integrating carbon sequestration activities into state legal frameworks.
Global Carbon Capture and Storage
In Turbomachinery International’s May/June 2024 cover story, the Global CCS Institute’s 2023 Global Status of CCS Report noted a 102% increase in CCS facilities in the pipeline compared to 2022: As of April 2024, there are 564 commercial CCS facilities in the project pipeline. The Institute also noted accelerating momentum for CCS in industries beyond the lower-cost applications of gas processing, ethanol, and ammonia production. CCS is being integrated into industries such as cement, steel, chemical plants, power plants, and even carbon-removal technologies, such as direct air capture, bioenergy with CCS, and waste-to-energy plants.
Scale-up of CCS project capacity is being driven mostly by North America, where the United States leads in deployment with 73 new CCS facilities entering the pipeline in 2023. The top applications for carbon capture in the United States are ethanol, ammonia, hydrogen, and fertilizer production, as well as power generation and heat. U.S. CCS scale-up is supported by policies and clear regulatory frameworks, which have significantly improved the business case.
