Trace Midstream develops carbon capture and sequestration projects to mitigate greenhouse gas emissions from natural gas operations. By integrating advanced carbon storage techniques, the company aims to reduce the carbon footprint of energy production in the Northern Delaware Basin.
Funding
$600M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Natural gas operations release significant greenhouse gas emissions, contributing to climate change. Reducing the carbon footprint of energy production requires effective carbon capture and sequestration (CCS) solutions.
Solution
Trace Midstream develops and implements carbon capture and sequestration projects focused on mitigating greenhouse gas emissions from natural gas operations. The company acquires existing natural gas gathering and transportation infrastructure and integrates advanced carbon storage techniques. By capturing carbon dioxide emissions at the source and permanently storing them underground, Trace Midstream aims to significantly reduce the environmental impact of natural gas production. This approach enables a more sustainable energy supply by minimizing the release of harmful greenhouse gases into the atmosphere.
Target Audience
Trace Midstream's primary customers are energy companies and natural gas operators seeking to reduce their carbon footprint and comply with environmental regulations.
Features
- Development of carbon capture and sequestration projects
- Integration of advanced carbon storage techniques
- Focus on mitigating greenhouse gas emissions from natural gas operations
- Acquisition of natural gas gathering and transportation infrastructure