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BKV Energy Celebrates BKV Corporation’s Landmark Carbon Sequestered Gas Contract
2 minute read • Graham Lumley • Last update August 2024
BKV Energy is proud to share that our parent company, BKV Corporation, has achieved a significant milestone by signing a contract to sell Carbon Sequestered Gas (CSG) to Kiewit Infrastructure South Co., a leading construction and engineering company in North America.
A huge step forward in the world of natural gas
This agreement marks a major step forward in providing a first-of-its kind natural gas that product is Scope 1, 2 and 3 carbon-neutral. This means that the CSG s used by Kiewit will not contribute to greenhouse gas emissions, making it a big win for the environment and a pioneering effort in the energy industry.
What is carbon sequestered gas (CSG)?
CSG is a revolutionary type of natural gas product that is made carbon-neutral by capturing and permanently sequestering the carbon dioxide (CO₂) emissions produced during its lifecycle.
BKV Corporation achieves this by using advanced technologies to capture CO₂ during upstream natural gas production and then permanently sequestering it deep underground. This process ensures that the CSG used by consumers does not add to the carbon footprint, making it an environmentally friendly energy choice.
Why is carbon capture important?
- Carbon capture is crucial in the fight against climate change because it helps reduce the amount of CO₂ released into the atmosphere. By capturing and permanently sequestering CO₂ emissions, we can significantly lower the greenhouse gases that contribute to global warming.
- This technology allows industries to use natural gas while still meeting their sustainability goals. It’s a practical and effective way to transition to cleaner energy without compromising on energy needs. BKV Corporation’s commitment to carbon capture and the introduction of CSG demonstrate a forward-thinking approach to energy production, aiming to make a positive impact on the environment and set a new standard for the industry.
- Additionally, wind and solar farms cannot always generate power, like at nighttime or when the wind is not blowing. This variability makes carbon-neutral natural gas an important part of a sustainable energy future.
BKV Energy’s vision for a carbon-neutral future
BKV Energy shares a similar vision to our parent company, BKV Corporation. One day, we hope to offer all our customers carbon-neutral electricity, whether the fuel for that power comes from the sun, wind, or the earth.
For now, we are proud to offer 100% renewable electricity plans powered by Texas’ solar and wind farms.
Enter your zip code to explore plans in your area.
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