Gulf Trade: Top Carriers and Ports
Special Report
several CCS projects. In January, Trump ended a Biden-era moratorium on export permits for liquefied natural gas( LNG) projects— some of which are pursuing carbon capture and storage to power their facilities.
Daniels said high interest rates— combined with new tariffs and ongoing reviews of Biden-era infrastructure funding— present“ significant” cost and financing challenges for CCS project developers.
“ These factors could delay or increase the costs of critical projects, adding uncertainty to the pace of deployment with potential impacts on energy security, exports, and jobs,” he said.
Multimodal support
“ That multimodality is incredibly appealing for industries like direct air capture.”
Across the Gulf Coast, there are 31 CCS projects under development, with operational dates through 2028, according to a 2024 report by the National Technology Energy Laboratory and KeyLogic Inc.
Energy majors including ExxonMobil, Chevron, Talos Energy Inc. and Occidental have CCS projects in development on the Gulf Coast. Key projects include ExxonMobil’ s Gulf Coast CCS Network, which would be the nation’ s largest offshore carbon dioxide capture and storage site, and the Bayou Bend CCS project— a joint venture between Chevron, TotalEnergies and Equinor to develop the first offshore Class VI CO2 injection well in Texas state waters.
Last June, San Francisco-based Heirloom Carbon Technologies announced plans to build the first of two direct air capture( DAC) facilities at the Port of Caddo-Bossier in northwest Louisiana. Direct air capture is a decarbonization method that is complementary to carbon capture and storage. Whereas CCS captures carbon dioxide from industrial sources such as power plants and factories, DAC removes CO2 directly from the atmosphere.
Caitlyn Cain, community engagement lead for Heirloom, told the Journal of Commerce that Louisiana’ s ports are uniquely positioned to support industries such as CCS thanks to their immediate access to rail, trucking and barge facilities.
“ That multimodality is incredibly appealing for industries like direct air capture and other industrial processes that want to take advantage of existing infrastructure to be able to transport cargo and to move product for industrial operations,” Cain said.
Shen said project materials, including steel and feedstock, will come primarily from domestic sources via truck and rail. Once operational, Heirloom’ s facility will be able to capture up to 100,000 tons of carbon dioxide at the Port of Caddo-Bossier and then transport the CO2 via pipeline to a Class VI well in central Louisiana. www. joc. com April 7, 2025 | Journal of Commerce 41