Spiritus Secures Preliminary Deals to Supply CO2 for EOR
Spiritus signed three letters of intent with oil and gas operators in the United States Gulf Coast, Midwest and Rockies to supply over three million metric tons of carbon dioxide per year for enhanced oil recovery.
Carbon Capture & EOR Supply Analysis
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Supply Volume: Spiritus secured letters of intent to provide over three million metric tons of CO2 annually.
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Operational Scope: The agreements cover projects across the U.S. Gulf Coast, Midwest, and Rockies regions.
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Primary Application: The supplied carbon dioxide is designated for use in enhanced oil recovery (EOR) operations.
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Contract Status: The firm has signed three preliminary letters of intent with oil and gas operators.
Energy Sector & EOR Supply Chain Impact
Operators in the Gulf Coast, Midwest, and Rockies gain a secured supply of CO2 for EOR extraction enhancement.
Spiritus establishes a significant supply foothold for sequestered or captured carbon in industrial energy applications.
Strategic Implementation Radar
- Finalization of definitive supply contracts from initial intent letters
- Deployment timelines for CO2 injection at specific operational sites
Corporate Strategy Q&A
What is the primary application for the CO2 supplied by Spiritus? ▾
The carbon dioxide is intended to be used for enhanced oil recovery (EOR).
What is the total annual volume of CO2 involved in these agreements? ▾
The letters of intent account for over three million metric tons of CO2 per year.
This dispatch has been curated by Press Glob under international press wire fair-use reporting standards. Access the original reporting directly below.
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