Denbury and Nutrien Announce Agreement for Transportation and Storage of CO2 to be Captured from Nutrien’s Planned Clean Ammonia Project in Geismar, Louisiana
Under the terms of the agreement, Nutrien would pay Denbury for the transportation and sequestration of the associated CO2 into Denburys secure underground containment sites.
- Under the terms of the agreement, Nutrien would pay Denbury for the transportation and sequestration of the associated CO2 into Denburys secure underground containment sites.
- The initial term of the agreement is 12 years, with up to two extension terms of five years each.
- This new agreement expands the companies longstanding efforts to reduce atmospheric emissions by capturing industrial-sourced CO2 for permanent underground storage.
- Inclusive of the agreement between Denbury and Nutrien, the cumulative volume of Denburys CO2 transportation and storage agreements totals approximately seven million metric tons per year.