What Elysian does

Elysian (operating as Elysian Carbon Management) is a private carbon capture and storage developer that provides integrated end-to-end CCS solutions to owners of industrial and power facilities seeking decarbonization pathways, ESG goal achievement, and 45Q tax credit monetization. The company targets large-scale industrial emitters including refineries, natural gas processing plants, and power generation facilities in the United States. Elysian was founded in 2018 and is majority-owned by Buckeye Partners following a July 2023 acquisition, with its headquarters in Oklahoma City and operational presence in West Texas.

Elysian's core technology encompasses the full CCS value chain: CO2 capture at the emitter source, pipeline transport, and permanent geologic sequestration in deep underground rock formations (typically one mile / 5,280+ feet below surface) sealed by impermeable cap rock. The company's flagship infrastructure asset is the Orchard Storage Company in Gaines County, West Texas, comprising 7 CO2 storage wells, 3 monitoring wells, and pore space agreements across 20,000+ acres of privately-owned land with distribution lines connecting to nearby CO2 pipeline infrastructure. The company has secured EPA Class VI and Texas Railroad Commission permitting and employs advanced monitoring systems during injection and long-term stewardship plans.

Elysian's business model centers on acquiring, developing, building, owning, and operating CCS projects under long-term contracts with industrial emitters. Revenue is generated through these managed service arrangements combined with monetization of U.S. 45Q tax credits for carbon oxide sequestration via tax equity structures. The company employs a direct enterprise field sales motion targeting large-scale emitters through consultative, long-cycle, relationship-driven business development supported by executive thought leadership at major decarbonization conferences. The team includes recognized experts in 45Q tax credit structuring and project finance veterans who have led billions of dollars in transactions, and the company is backed by an initial $350 million capital commitment from EnCap Flatrock Midstream (December 2021) plus the operational and financial resources of parent Buckeye Partners.

Name

Elysian

Legal name

Elysian

Website

https://elysian.cc

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Elysian is a private carbon capture and storage developer providing integrated capture, transport, and geologic sequestration solutions to industrial emitters and power facilities, anchored by its flagship Orchard Storage Company project in Gaines County, West Texas.

Ownership category

akta.pro rank

Product category

Carbon Capture and Storage Services

NAICS

Support Activities for Mining (213)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Carbon Removal Project Development, Financing & Offtake (Developers, Aggregators, Buyers Clubs) (EUABAFAL)

akta.pro secondary industry

Carbon Offtake Structuring & Contracting (ERPA, Long-term Offtakes, Price Floors) (EUABADAE)

Keywords

• Carbon capture services
• Carbon storage solutions
• Industrial decarbonization
• CO2 sequestration infrastructure
• CCS project development

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. CCS Project Development and Operation: Elysian acquires, develops, builds, owns, and operates CCS projects for industrial and power facility owners. Revenue is generated through long-term contracts with emitters to capture, transport, and store their CO2, with monetization supported by U.S. 45Q tax credits for carbon oxide sequestration.
2. 45Q Tax Credit Monetization: Elysian's team includes finance veterans experienced in structuring tax equity investments to monetize 45Q tax credits, a key component of the project finance economics for carbon capture projects. The team has experience spanning all aspects of project financing including tax equity investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Elysian provides integrated end-to-end carbon capture and storage (CCS) solutions to owners of industrial and power facilities, encompassing capture of CO2 emissions, pipeline transport of compressed CO2, and permanent geologic sequestration in deep underground rock formations. The company acquires, develops, builds, owns, and operates CCS projects, anchored by its flagship Orchard Storage Company in Gaines County, West Texas, and monetizes its services through long-term contracts with emitters and U.S. 45Q tax credits.

Product overview

Elysian offers a unified carbon capture and storage platform providing integrated end-to-end CCS solutions encompassing capture, transport, and storage services. The core offering is the company's CCS Solutions platform, supported by specific storage projects like the Orchard Storage Company in Gaines County, West Texas. The company leverages partnerships with Buckeye Partners for large-scale integrated solutions targeting industrial facilities, power plants, and refineries.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Capture and Storage (CCS) Solutions

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Starwood Energy and OGCI Climate InvestmentsflagshipStrategic or Co-development Partner · 2 April 2020Elysian, together with Starwood Energy and OGCI Climate Investments, launched a new carbon capture project. OGCI Climate Investments is the investment arm of the Oil and Gas Climate Initiative, a CEO-led partnership of major energy companies committed to action on climate change. The collaboration leverages the capabilities and resources of all three partners to develop and finance CCS projects at scale.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Occidental Petroleum: Major oil and gas incumbent with an explicit low-carbon strategy built around 1PointFive and large-scale CCS investment. Overlaps with Elysian as a broad CCS competitor and as a deep-pocketed strategic that could acquire or partner with smaller developers.
• Chevron New Energies: Chevron is investing in CCS and CCUS hubs globally as part of its New Energies platform. Comparable as a broad incumbent pursuing industrial emitter offtake agreements and large-scale geologic storage, with overlapping target customers to Elysian.
• ExxonMobil Low Carbon Solutions: Exxon's Low Carbon Solutions business pursues CCS hubs (e.g., Baytown, LaBarge) and acquired Denbury Resources for CO2 pipeline and storage assets. Competes with Elysian for industrial capture volumes and storage offtake, with much larger capital and pipeline footprint.

Emerging players

• CarbonCapture Inc. Developer of proprietary solid sorbent-based point-source carbon capture technology, also pursuing DAC. Comparable to Elysian as an emerging CCS specialist focused on industrial emitters, though differentiated on the capture technology stack rather than integrated storage.
• Climeworks: Leading direct air capture developer partnering with storage providers (e.g., Carbfix) for permanent geologic sequestration. Comparable to Elysian in building a project pipeline around permanent CO2 storage and 45Q/carbon removal credit monetization.
• C-Quest Capital: Carbon project developer and capital aggregator active in nature-based and tech-based carbon removal, structuring project finance and offtake. Comparable to Elysian in the carbon project development, financing, and offtake layer rather than the physical capture technology.

Regional players

• Northern Lights / Northern Endurance Partnership: Joint venture developing CO2 transport and storage infrastructure in the North Sea serving European industrial emitters. Comparable to Elysian as a CCS storage hub developer, but operating in a different regulatory/geographic context (UK/ Norwegian North Sea vs. U.S. onshore Permian).

Direct peers

• Talos Energy: Talos developed the Bayou Bend CCS hub in Texas, leveraging its offshore Gulf of Mexico subsurface expertise. Comparable to Elysian in integrating O&G subsurface capabilities with Class VI storage project development and industrial customer origination.
• 1PointFive: Occidental's dedicated carbon capture and sequestration subsidiary, developing large-scale CO2 storage hubs (e.g., STRATOS in the Permian) and DAC. Most directly comparable to Elysian as an integrated CCS project developer pursuing similar Permian storage economics and 45Q monetization.
• Summit Carbon Solutions: Developer of a large U.S. CO2 pipeline and sequestration network serving ethanol and industrial emitters. Direct competitor to Elysian in the capture-transport-storage value chain, with comparable offtake economics and 45Q-driven project finance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elysiancc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elysian