What Carbonvert does

Carbonvert is a privately held Carbon Capture & Storage (CCS) project development and finance company founded in 2020 and headquartered in Denver, CO, with an additional office in Houston, TX. The company develops, finances, and co-owns CCS infrastructure for industrial emitters — refineries, cement plants, steel mills, chemical facilities, LNG export terminals, and ammonia plants — primarily along the U.S. Gulf Coast. Its integrated offering spans the full CCS lifecycle: mounting CO2 capture equipment on industrial stacks, treating and transporting CO2 via pipelines, and injecting it into Class VI disposal wells approximately two miles underground for permanent geologic storage.

Carbonvert's revenue model is multi-pronged: development fees from industrial partners, tax-equity monetization of IRC Section 45Q credits (exchanged with tax equity investors for discounted cash), voluntary and compliance carbon credit sales, and equity participation in the storage hubs themselves. Active and announced projects include the Aves CCS joint venture with Repsol and Mitsui (Gulf Gateway Carbon Hub, 140,000+ acres offshore Corpus Christi, 600+ MMT capacity), the OnStream CO2 JV with Castex and Enbridge (GeoDura Carbon Storage Hub offshore Cameron Parish, LA, 250+ MMT capacity), Wyoming Trails Carbon Hub, a Nuclear Direct Air Capture pilot in Alabama, and a Mid-Atlantic offshore evaluation. Carbonvert divested its Bayou Bend CCS interest to Equinor in August 2023.

The company competes as a specialist boutique in a capital-intensive, regulation-heavy market, where its primary moat is the senior leadership team's 70+ years of combined experience operating some of the world's largest commercial-scale CCS projects (Bayou Bend, Quest, In Salah). Its go-to-market is direct enterprise field sales to large industrial emitters, supported by federal grant capture (DOE CarbonSAFE Phase III and others) and strategic joint ventures with major energy, midstream, and trading partners.

Name

Carbonvert

Legal name

Carbonvert Inc.

Website

https://carbonvert.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Carbonvert is a private CCS project development and finance company that develops, finances, and co-owns carbon capture, transport, and permanent geologic storage infrastructure for industrial emitters along the U.S. Gulf Coast and beyond.

Ownership category

akta.pro rank

Product category

Carbon Capture and Storage Services

SIC

Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

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

akta.pro secondary industries

CO2 Gathering & Collection Pipelines (Capture-to-Hub Networks) (TLAGAFAB), CO2 Pipeline Development, Engineering & Construction (EPC) (TLAGAFAJ), Carbon Removal Credits Trading (DAC, BECCS, Biochar, Mineralization) (EUAGAIAL)

Keywords

• Carbon capture storage
• CCS project development
• 45Q tax credit services
• Carbon credits trading
• Industrial decarbonization

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. CCS Project Development & Finance: Full-cycle expertise in CCS managing project development, operations, and financing strategies including off-balance-sheet structures and tax equity monetization. Revenue generated through development fees, financing arrangements, and equity participation in CCS projects.
2. 45Q Tax Credit Monetization: For every ton of carbon sequestered, the U.S. government issues a tax credit (45Q) which can be exchanged with tax equity investors for discounted cash payment, generating revenue at each project.
3. Carbon Credits & Eco-Opportunities: Voluntary and compliance carbon credit markets including avoided emissions, natural solutions, and carbon removal. Revenue from marketing and sales of carbon offsets across various regions and reporting standards.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Carbonvert develops and finances carbon capture and storage (CCS) projects for industrial emitters. The company captures CO2 from industrial facilities, transports it via pipelines, and permanently sequesters it in deep geologic formations using Class VI disposal wells. It also monetizes 45Q tax credits and carbon credits for industrial partners along the Gulf Coast.

Product overview

Carbonvert is a Carbon Capture & Storage (CCS) Project Development & Finance Company that provides a suite of integrated services centered on carbon capture and storage. The core offerings include CCS project development and financing (managing project development, operations, and tax equity monetization), specialized tax credit services leveraging IRC Section 45Q, and carbon credit market assistance. The company develops multiple carbon storage hub projects including Gulf Gateway (with Repsol and Mitsui), GeoDura (with Castex and Enbridge), Wyoming Trails, Nuclear DAC Pilot, and Mid-Atlantic Offshore. Bayou Bend CCS was divested to Equinor. Services cover the full CCS lifecycle: capture equipment mounting on industrial facilities, CO2 transport via pipelines, and permanent geologic storage through Class VI wells.

Differentiator

Problem solved

Functional benefit

Products and services

• CCS Project Development & Finance Full-cycle CCS project development and finance service managing capture, transport, and permanent geologic storage of CO2 from industrial facilities, including off-balance-sheet financing structures and tax equity monetization.
• 45Q Tax Credit Services Service that helps industrial clients leverage the IRC Section 45Q tax credit for carbon capture projects, enabling billions of dollars of investment to flow into CCS through tax equity monetization.
• Carbon Credits & Eco-Opportunities Assists clients with verification, authentication, marketing, and sales of carbon offsets across voluntary and compliance markets, including avoided emissions, natural solutions, and carbon removal credits.
• Gulf Gateway Carbon Hub Offshore CO2 capture and storage hub near Corpus Christi, TX covering 140,000+ acres with combined storage capacity exceeding 600 million metric tons of CO2 and 20+ million metric tons per year injection capability.
• GeoDura Carbon Storage Hub Offshore carbon storage hub in Cameron Parish, LA with approximately 24,000 acres and 250+ million metric tons projected CO2 capacity, targeting first injection in 2028.
• Wyoming Trails Carbon Hub Carbon transport infrastructure project in Sweetwater County, WY providing open access CO2 pipeline system with 25 MtCO2/yr capacity.
• Nuclear Direct Air Capture Pilot

Quantifiable outcome

• GeoDura Carbon Storage Hub will permanently sequester 250+ million metric tons of CO2
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered core, flagship, former core and minor.

• Commonwealth LNGcoreStrategic or Co-development Partner · 28 November 2023MOU signed for CCS solution at Commonwealth's 9.3 million tonnes per annum LNG facility in Cameron, Louisiana. OnStream CO2 will design, construct, own, and operate CO2 capture equipment with captured CO2 permanently sequestered at Cameron Parish CO2 Hub for a 20-year term.
• Castex Energy / Castex Carbon SolutionsflagshipStrategic or Co-development Partner · 18 September 202350/50 joint venture with Carbonvert to develop offshore carbon storage hubs in Louisiana, including the Cameron Parish CO2 Hub (GeoDura) with 250+ million metric tons storage capacity. Castex serves as operator. Partnership leverages Castex's 35+ years of operational experience in South Louisiana.
• RepsolflagshipStrategic or Co-development Partner · 22 August 2023Aves CCS joint venture partnership for Gulf Gateway Carbon Hub near Corpus Christi, TX. Partnership comprises Repsol as operator (45%), Carbonvert (45%), and Mitsui (10%). The project covers 140,000+ acres of offshore pore space with combined storage capacity exceeding 600 million metric tons of CO2.
• Mitsui & Co. (MEPLCS)coreStrategic or Co-development Partner · 22 August 202310% equity holder in the Aves CCS joint venture partnership with Repsol and Carbonvert for the Gulf Gateway Carbon Hub. Mitsui invests in low carbon solutions through its MEP Low Carbon Solutions division.
• BattellecoreStrategic or Co-development PartnerPartner in Nuclear Direct Air Capture with Carbon Storage Pilot project at Southern Company's Joseph M. Farley Nuclear Plant in Columbia, Alabama. Project awarded $2.5 million from US DOE in September 2022 for FEED study of direct air capture system.
• Southern CompanycoreStrategic or Co-development PartnerPartner in Nuclear Direct Air Capture with Carbon Storage Pilot project co-located with Southern Company's Joseph M. Farley Nuclear Plant in Columbia, Alabama.
• Chevron (Chevron New Energies)former coreStrategic or Co-development PartnerFormer partner in Bayou Bend CCS joint venture (50% Chevron, 25% Talos, 25% Carbonvert). Carbonvert divested its 25% stake to Equinor in August 2023. Chevron became operator of Bayou Bend LLC effective March 1, 2023.
• Talos Energy (Talos Low Carbon Solutions)former coreStrategic or Co-development PartnerFormer partner in Bayou Bend CCS joint venture alongside Chevron and Carbonvert. Talos and Carbonvert were the winning bidders for the first offshore CO2 sequestration lease in the US at Jefferson County, Texas in 2021.
• Carbon SolutionsminorStrategic or Co-development PartnerLead partner in Wyoming Trails Carbon Hub (WyoTCH) project - a consortium receiving DOE funding to study and design CO2 infrastructure system in Wyoming. Carbon Solutions leads project work in conjunction with Wyoming's Enhanced Oil Recovery Institute.
• WilliamsminorStrategic or Co-development PartnerPartner in Wyoming Trails Carbon Hub consortium. Williams will construct and operate the commercial-scale statewide CO2 pipeline system capable of transporting up to 120 million tons of CO2 per year.
• POSCO InternationalminorStrategic or Co-development Partner10% equity holder in the Aves CCS joint venture for Gulf Gateway Carbon Hub. POSCO International is a global trading company and subsidiary of POSCO Group (world's most competitive steelmaker) pursuing Net-zero Commitment 2050.
• Sargent & LundyminorImplementation/ SI/ Consulting PartnerPartner in Nuclear Direct Air Capture with Carbon Storage Pilot project alongside Carbonvert, Battelle, Southern Company, and University of Alabama.
• University of AlabamaminorStrategic or Co-development PartnerPartner in Nuclear Direct Air Capture with Carbon Storage Pilot project exploring direct air capture and storage of CO2 emissions from nuclear power plant.
• Glenrock EnergyminorStrategic or Co-development PartnerPartner in Wyoming Trails Carbon Hub consortium developing carbon capture and clean ammonia related energy transition projects in Wyoming.
• Live Oak EnvironmentalminorStrategic or Co-development PartnerPartner in Wyoming Trails Carbon Hub consortium focused on geological identification, land acquisition, UIC permitting, and complete lifecycle carbon management.
• Kanata AmericaminorStrategic or Co-development PartnerPartner in Wyoming Trails Carbon Hub consortium. Kanata is a developer, builder, owner and operator of decarbonization infrastructure assets with primary investor being Frog Lake First Nations.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Williams: Williams is Carbonvert's partner in the Wyoming Trails Carbon Hub consortium, tasked with constructing and operating the commercial-scale statewide CO2 pipeline. Williams brings deep pipeline development and operating expertise to CCS transport, serving as both enabler and potential competitor.
• ExxonMobil Low Carbon Solutions: ExxonMobil acquired Denbury Resources in 2023, gaining one of the largest CO2 pipeline networks in the U.S. and a leading CCS project portfolio. As a broad incumbent, it competes with Carbonvert on Gulf Coast industrial CCS deals and has substantially greater capital and customer reach.
• SLB Carbon Services: SLB (formerly Schlumberger) operates a global carbon services business covering CO2 storage site characterization, monitoring, and Class VI well services. SLB competes with Carbonvert for technical scopes on CCS projects and serves as a service provider across the broader CCS value chain.
• Chevron New Energies: Chevron became operator of the Bayou Bend CCS project after Carbonvert's 2023 divestiture. Chevron's CCS ambitions along the U.S. Gulf Coast overlap directly with Carbonvert's industrial emitter base, and its balance sheet allows it to absorb projects at later stages where Carbonvert typically exits.
• Enbridge: Enbridge became a 45% equity partner and preferred CO2 transport provider in OnStream CO2 (GeoDura). As North America's largest midstream company with extensive CO2 pipeline expertise, Enbridge is both a partner and potential competitor for pipeline-driven CCS projects.

Direct peers

• Castex Carbon Solutions: Carbonvert's 50/50 JV partner in OnStream CO2 (GeoDura Carbon Storage Hub). Castex operates the Cameron Parish CO2 Hub and brings 35+ years of South Louisiana operating experience — a directly comparable offshore CCS developer with similar project scale and customer profile.
• Talos Low Carbon Solutions: Talos Energy's CCS subsidiary was Carbonvert's JV partner in the original Bayou Bend offshore lease and remains a peer offshore CCS project developer focused on Gulf of Mexico pore space with similar target customers in the industrial Gulf Coast corridor.
• 1PointFive: Occidental Petroleum's CCS subsidiary and Carbonvert's most direct competitor. 1PointFive is building STRATOS, one of the world's largest DAC-equipped CCS hubs in West Texas, and pursues a hub-and-spoke industrial decarbonization model that mirrors Carbonvert's Gulf Coast strategy.
• Battelle: Non-profit R&D organization and Carbonvert's partner on the Nuclear DAC Pilot. Battelle operates one of the largest DOE-funded CCS research portfolios (including Midwest Regional Carbon Sequestration Partnership) and competes with Carbonvert for federal CCS grants and Class VI project development work.

Emerging players

• CapturePoint: Emerging CCS developer focused on industrial emitters and hub-and-spoke projects in North America. CapturePoint pursues a similar business model of developing Class VI storage projects and monetizing 45Q tax credits for hard-to-abate sectors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Carbonvert