Developers Eye Louisiana, Texas For Offshore Carbon Storage
The fishers in Gulf of Mexico waters off Cameron Parish, Louisiana, estimate their catch has fallen catastrophically from 1 million tons a season to 150,000 tons since the first liquefied natural gas terminal in the parish began operating eight years ago.
Now, a new industry is being developed in the waters that were once the most productive grounds in the nation for fish, shrimp and oysters.
A company called OnStream CO2 is developing the GeoDura hub, which it says could hold millions of tons of carbon dioxide captured from fossil fuel industries, including LNG terminals, a mile or more below the waters off Cameron Parish’s shores.