EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced that ExxonMobil and EnLink are exploring opportunities for EnLink to support ExxonMobil's carbon capture and sequestration (CCS) efforts beyond the southeast Louisiana Mississippi River Corridor into several additional Gulf Coast areas.

According to the U.S. Environmental Protection Agency, the Gulf Coast contains one of the highest concentrations of industrial carbon dioxide (CO₂) emissions in the United States, with over 215 million metric tonnes per year (Mtpa) generated today in and around the Houston Ship Channel, the Mississippi River Corridor, Lake Charles and southwest Louisiana, and the Port Arthur and Beaumont, Texas, areas combined. EnLink and ExxonMobil are committed to providing cost-effective and efficient CCS solutions to CO₂ emitting companies and industries in each of these areas, and the two companies continue to develop a strategic relationship to serve these customers.

"EnLink and ExxonMobil are actively pursuing opportunities to develop safe, reliable, and cost-efficient CCS solutions," said Jesse Arenivas, EnLink Chief Executive Officer. "EnLink brings to the table decades of expertise building, owning, and operating midstream assets with a customer-focused mindset, which gives ExxonMobil greater flexibility and more options to meet the needs of industrial CO₂ emitters. EnLink is fast becoming a leader in providing safe, low-cost CO₂ pipeline transportation services, and we're excited to expand the discussion with ExxonMobil to additional high-emitting Gulf Coast areas."

"We continue to build on our industry-leading CCS solutions to help customers reduce their current emissions and see EnLink as a key part of providing the most efficient CO₂ transportation," said Dan Ammann, President of ExxonMobil Low Carbon Solutions. "We've worked closely on CCS transportation solutions since our initial agreement in 2022 and look forward to continuing our collaboration with EnLink to help reduce carbon emissions across the Gulf Coast."

With its acquisition of Denbury, ExxonMobil is evaluating the most market-competitive CCS solutions across the Gulf Coast. During that evaluation, EnLink and ExxonMobil have agreed to reassess the Pecan Island Area project's near-term role, with the expectation that other joint opportunities may be prioritized ahead of the Pecan Island project.

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