CapturePoint LLC Market Research Report

Background

Company Overview

CapturePoint LLC, along with its affiliate CapturePoint Solutions LLC (CPS), is a privately held company headquartered in Allen, Texas. The company specializes in carbon management services, focusing on carbon capture, utilization, transportation, and sequestration (CCUS). Their mission is to provide comprehensive solutions that reduce industrial CO₂ emissions and promote sustainable energy practices. CapturePoint's vision is to lead the carbon management sector by developing innovative technologies and infrastructure for permanent CO₂ sequestration. The company plays a significant role in advancing carbon management initiatives in the United States, contributing to environmental sustainability and energy security.

Key Strategic Focus

Core Objectives

CapturePoint aims to develop and operate large-scale carbon capture and storage facilities, focusing on reducing CO₂ emissions from industrial sources and enhancing energy resilience.

Areas of Specialization

Carbon Capture System Design and Installation: Developing and implementing technologies to capture CO₂ emissions from various industrial processes.

CO₂ Pipeline Construction and Management: Building and operating dedicated pipelines for transporting captured CO₂ to storage sites.

Enhanced Oil Recovery (CO₂-EOR) Projects: Utilizing captured CO₂ for enhanced oil recovery operations, thereby increasing oil production while sequestering CO₂.

Permanent Deep Underground Carbon Storage: Establishing storage sites to permanently sequester CO₂ deep underground, preventing atmospheric release.

Carbon Management Services for Clean Energy Projects: Providing solutions for capturing CO₂ from clean energy initiatives, including Direct Air Capture (DAC) and other large-scale projects.

Key Technologies Utilized

Advanced CO₂ Capture Technologies: Implementing state-of-the-art methods for efficient CO₂ capture from industrial emissions.

Pipeline Engineering and Management: Utilizing advanced engineering techniques for the construction and operation of CO₂ transport pipelines.

Geological Storage Assessment: Employing geological surveys and modeling to identify suitable sites for deep underground CO₂ sequestration.

Primary Markets Targeted

Industrial Emitters: Companies with significant CO₂ emissions seeking solutions for emission reduction and compliance with environmental regulations.

Energy Producers: Oil and gas companies interested in utilizing CO₂ for enhanced oil recovery and reducing their carbon footprint.

Clean Energy Developers: Organizations involved in renewable energy projects requiring carbon management solutions to offset emissions.

Financials and Funding

Funding History

CapturePoint has secured significant funding from various investors to support its carbon management initiatives. Notably, an affiliate of Mercuria Energy, a global energy and commodity group, has invested in the company, providing substantial financial backing for its projects.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed. However, the partnership with Mercuria Energy indicates a strong financial foundation for the company's operations and expansion plans.

Notable Investors

Mercuria Energy: A leading global energy and commodity group that has invested in CapturePoint, supporting its carbon management projects.

Utilization of Capital

The capital raised is primarily allocated towards the development and operation of carbon capture and storage facilities, including the construction of CO₂ pipelines, establishment of CO₂-EOR projects, and the development of deep underground carbon storage sites. Additionally, funds are used for research and development of advanced carbon management technologies and for expanding the company's market presence.

Pipeline Development

Key Pipeline Projects

Central Louisiana Regional Carbon Storage Hub (CENLA Hub): A significant project under development, the CENLA Hub aims to be one of the largest onshore deep underground carbon storage centers in the United States. The project involves capturing CO₂ emissions from natural gas processing facilities and other industrial sources in Louisiana, transporting the captured CO₂ via dedicated pipelines to deep underground sequestration sites. The CENLA Hub has the potential to permanently store millions of tons of CO₂ annually.

Stages of Development

Feasibility Studies: Conducting geological assessments and modeling to identify suitable storage sites and evaluate the project's viability.

Permitting: Applying for necessary permits, including EPA Class VI permits for CO₂ injection wells, to comply with regulatory requirements.

Construction: Building the infrastructure, including CO₂ pipelines and injection wells, to facilitate the capture, transport, and storage of CO₂.

Operation: Managing the injection and monitoring of CO₂ to ensure safe and permanent sequestration.

Target Conditions

The CENLA Hub targets CO₂ emissions from natural gas processing facilities and other industrial sources in Louisiana, aiming to provide a comprehensive solution for carbon sequestration in the region.

Timelines for Anticipated Milestones

Feasibility Study Completion: Completed in 2022.

Permitting Process: Ongoing, with applications for Class VI permits filed in June 2022.

Construction Start: Anticipated to begin in 2024, pending permit approvals.

Operational Launch: Expected in 2025, with full-scale operations commencing thereafter.

Technological Platform and Innovation

Proprietary Technologies

CO₂ Capture Systems: CapturePoint employs advanced technologies for capturing CO₂ emissions from industrial processes, enhancing efficiency and scalability.

Pipeline Infrastructure: The company designs and operates dedicated CO₂ pipelines, ensuring safe and reliable transport of captured CO₂ to storage sites.

Geological Storage Assessment Tools: Utilizing sophisticated modeling and simulation tools to evaluate and select optimal sites for deep underground CO₂ sequestration.

Significant Scientific Methods

Enhanced Oil Recovery (CO₂-EOR): Implementing CO₂-EOR techniques to increase oil production while simultaneously sequestering CO₂, thereby reducing emissions and enhancing energy recovery.

Direct Air Capture (DAC): Collaborating with DAC technology providers to integrate atmospheric CO₂ capture into their carbon management solutions, contributing to negative emissions strategies.

Leadership Team

Executive Profiles

Greg Harper: Chief Executive Officer and Board Member. With over 35 years in the U.S. energy sector, Mr. Harper has held leadership roles at Enbridge, Southwest Energy, CenterPoint Energy, Spectra Energy Partners, and Duke Energy. He co-founded Evergreen Midstream LLC and has extensive experience in energy management and development.

Adam Barrer: Chief Financial Officer. Mr. Barrer has served as CFO for Silver Creek Oil and Gas, Wing Resources, and the Walsh Companies. He holds an MBA from Harvard Business School and a Bachelor of Science from Duke University.

Breck Bash: Chief Commercial Officer. Mr. Bash has experience in corporate and business development, having worked at Lucid Energy Group and Jefferies Group LLC. He holds a Bachelor of Arts in Economics from The University of Texas at Austin.

Forrest Hudson: Chief Land & Legal Officer. Mr. Hudson previously served as Assistant General Counsel and Director of Land at Denbury Inc., focusing on CCUS and CO₂-EOR projects. He holds a Juris Doctor from Mississippi College School of Law.

Kris Roberson: Chief Operating Officer. Mr. Roberson has extensive experience in CO₂ operations, having served as Vice President of CCUS Operations at Denbury Inc. He holds degrees in Geological Engineering and Petroleum Engineering.

Cole Wright: Chief Development Officer. Mr. Wright has experience in commercial development and project management, having worked at Denbury Inc. and Apache Corporation. He holds a Bachelor of Science in Mechanical Engineering from The University of Texas at Arlington.