Energy Transfer LP enters into agreement with Energy Transfer affiliate

CapturePoint LLC and affiliate CapturePoint Solutions LLC, announced the signing of a revised Letter of Intent (LOI) with an affiliate of Energy Transfer LP headquartered in Dallas, Texas, that provides for the joint development of a carbon capture and permanent deep underground storage project in Louisiana. The companies also signed a definitive CO2 Offtake Agreement committing CO2 from Energy Transfer’s Haynesville natural gas treating facilities. The revised LOI and accompanying CO2 Offtake Agreement dedicate CO2 that would otherwise be emitted from Energy Transfer’s Haynesville natural gas midstream facilities to CapturePoint’s Central Louisiana Regional Carbon Storage Hub (CENLA Hub) and provide Energy Transfer the right to participate in a joint venture that will own and operate the CENLA Hub. The LOI also provides a framework for CapturePoint and Energy Transfer to collaborate regarding the capture and sequestration of additional CO2 from other Energy Transfer facilities in Louisiana.