BKV Corporation (BKV) has officially unveiled an agreement with Kiewit Infrastructure South Co., a subsidiary of Kiewit Corporation – one of North America’s largest and most respected construction and engineering organizations, for the sale and purchase of Carbon Sequestered Gas (CSG). Under the agreed terms, BKV will deliver CSG to Kiewit beginning this fall for a premium over Henry Hub price. On the other hand, Kiewit Infrastructure South’s Fort Worth Maintenance Facility will receive the gas directly from a pipeline being built to service their facility, as well as the entire Markum Business Park, where the facility is located. Talk about CSG and how it is generated, though, the stated element is basically a revolutionary, innovative, natural gas product that is Scope 1, 2 and 3 carbon-neutral, thus capable of mitigating the environmental impact associated with natural gas consumption. It can be generated by pairing low methane intensity natural gas and offsetting emissions with the entire gas value chain, which includes production, gathering, boosting, processing, transmission, distribution. Once the gas is duly generated, you can use it through permanent carbon sequestration. This is where BKV comes in bearing its carbon capture, utilization and sequestration (CCUS) mechanism. You see, when you place BKV’s end-to-end emissions calculation methodologies right alongside transparent, third-party blockchain-enabled verification, you can significantly enhance the reliability held by the given emissions data. On top of everything, CSG also provides a fully decarbonized, emissions certified and qualified fuel, as well as retired credits bundle.
“We are thrilled to be able to provide this first-of-its-kind, carbon-neutral natural gas product to Kiewit. The introduction of CSG, and this sale to a world-class natural gas end user, aligns with our mission to help create a better world through our emission reduction and energy impact goals. We believe that our production of CSG can scale to meet future energy needs of many industries across the country and that this product will be synergistic with other approaches to sustainable energy helping to advance the reduction in greenhouse gas emissions,” said Chris Kalnin, CEO of BKV Corporation.
The development in question delivers a rather interesting follow-up to BKV’s previous efforts to achieve carbon reduction at scale. For instance, the company would go on to launch a dedicated CCUS business line, BKV dCarbon Ventures. BKV dCarbon Ventures works with a strategic focus on permanent sequestration of point-source emissions, and it is also focused on driving CCUS innovations and project development. Apart from that, back in November 2023, BKV even introduced a Barnett Zero project, a project which is today responsible for the CSG that is produced across BKV’s ecosystem. In fact, the initiative happens to bring nation’s first purpose-drilled processing plant, which is well-equipped to facilitate Class II commercial carbon sequestration. In case that wasn’t enough, with approvals from both the Texas Railroad Commission and the United States Environmental Protection Agency (EPA), the project now expects to permanently sequester an average of 185,000 metric tons of CO2 emissions annually, while simultaneously providing a rather promising model for future Class II and Class VI wells.
“Carbon Sequestered Gas represents an opportunity for end-users to purchase verified differentiated natural gas that is emissions certified and registered using blockchain technology. We believe this level of transparency and trust is critical for the energy transition. We are hopeful that additional tenants at Markum Business Park will utilize CSG and join us in the journey to emissions reductions as well,” said Kalnin. “We are committed to leading the way in the production of carbon-neutral natural gas and look forward to future sales and are eager to partner with additional end users on their energy needs.”
