Energy consulting company GLJ and geoscience and engineering firm Energy Fuse Group have announced the formation of a joint venture aimed at project implementation with engineering and geosciences products and services for carbon sequestration and enhanced oil recovery projects across the United States. This partnership aims to leverage the expertise of both companies in project management, operational design, and subsurface and commercial evaluations to facilitate effective CO2 storage solutions in compliance with evolving state and federal regulations.
“We believe this joint venture is well-positioned to provide the highest caliber of intelligence to the US carbon sequestration market,” said Alan Withey, executive vice president and CFO 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. This partnership brings together two companies with a shared vision to drive progress in carbon sequestration and enhanced oil recovery.”
With carbon capture and storage becoming a crucial part of the global effort to mitigate climate change, this joint venture aligns with the US focus on integrating carbon sequestration activities into state legal frameworks.
“Partnering with GLJ presents a unique opportunity to bring global best practices and cutting-edge 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.”