- GLJ Ltd and Energy Fuse Group LLC announced a joint venture to implement Carbon Sequestration and Enhanced Oil Recovery projects in the United States. - The partnership combines the expertise of both companies in project management, operational design, subsurface, and commercial evaluations. - This joint venture aims to provide effective CO2 storage solutions while complying with evolving state and federal regulations. - Carbon capture and storage is increasingly important in mitigating climate change, making this joint venture timely. - GLJ and Energy Fuse are positioned to support states and industries in adopting carbon storage solutions. - Alan Withey, CFO of GLJ, emphasized the venture's capability to provide intelligence in the U.S. carbon sequestration market. - The companies aim to assist states in crafting legislation and practices for CO2 storage applications using the latest techniques and information. - Pk Pande of Energy Fuse sees the partnership as a way to introduce global best practices and technologies to North America. - Their focus includes managing the entire project lifecycle from planning and design to implementation and regulatory compliance. - GLJ has over 50 years of experience in consulting for the energy sector, known for innovative resource evaluation and emissions management. - Energy Fuse offers integrated project and technical services vital for carbon management and hydrocarbons projects. - The combined efforts will benefit both the environment and the energy industry by optimizing carbon sequestration initiatives.

New Joint Venture Announced by GLJ and Energy Fuse to Lead U.S. Carbon Sequestration and Enhanced Oil Recovery Projects

November 05, 2024 08:00 AM Eastern Standard Time

CALGARY, Alberta & HOUSTON--(BUSINESS WIRE)--GLJ Ltd. (“GLJ”) and Energy Fuse Group LLC (“Energy Fuse”) are pleased to announce the formation of a joint venture aimed at project implementation with industry leading engineering and geosciences products and services for Carbon Sequestration and Enhanced Oil Recovery (EOR) projects across the United States. This strategic partnership leverages the deep expertise of both companies in project management, operational design, subsurface and commercial evaluations to facilitate effective CO2 storage solutions in compliance with evolving state and federal regulations.

With carbon capture and storage becoming a crucial part of the global effort to mitigate climate change, this joint venture is timely and aligns with the U.S.’s focus on integrating carbon sequestration activities into state legal frameworks. GLJ and Energy Fuse’s combined technical capabilities position them to provide comprehensive support to states and industries as they adopt carbon storage solutions.

“We believe this joint venture is well-positioned to provide the highest caliber of intelligence to the U.S. carbon sequestration market,” said Alan Withey, Executive Vice President & Chief Financial Officer at GLJ. “With each state crafting its own procedures around CO2 storage applications, our expertise in subsurface evaluation allows us to offer critical guidance and support for companies wanting to engage in carbon sequestration activities and to states looking for practices to craft their individual legislation using the latest techniques and information available. This partnership brings together two companies with a shared vision to drive progress in carbon sequestration and enhanced oil recovery.”

“Partnering with GLJ presents a unique opportunity to bring global best practices and cutting-edge technologies into the North American market," said Pk Pande, Managing Director of Energy Fuse. "Our combined expertise ensures that we address both the technical and commercial challenges of CO2 sequestration, a rapidly evolving industry. By focusing on the full project lifecycle—from planning and design to implementation, regulatory compliance, and operations—we help guide the industry not only toward the projects worth pursuing but also steer them away from those that are not”.

GLJ, with a longstanding history of providing consulting services to the energy sector, is renowned for its innovative approach to resource evaluation and emissions management. Energy Fuse brings decades of experience in geoscience and engineering, making it an ideal partner for this venture. Together, they aim to facilitate state applications for Carbon Sequestration and provide solutions that benefit both the environment and the energy industry.

About GLJ

GLJ is a leading global engineering, geoscience and business professional consultancy based in Calgary Canada. GLJ has over 50 years of experience meeting client needs for energy resource, reserves, and emerging energy source evaluation in addition to responsible and sustainable development strategies in an evolving world of energy.

About Energy Fuse

The Energy Fuse Group (EFG) team provides industry with state-of-the-art integrated project, technical and commercial services required to plan, design, implement, operate and post-appraise energy projects in areas encompassing carbon management, EOR, and conventional, and unconventional hydrocarbons.

The teams’ application of industry leading technology and best practices equips our clients to act with confidence, and develop outstanding commercial outcomes with prudent financial, uncertainty and risk measures.

EFG’s unique and innovative approach seamlessly integrates all key components of the energy infrastructure system including source/emissions, subsurface, transport, wells and facilities.

Contacts

For media inquiries:

Greg Owen, VP New Ventures and Technical Services
GLJ Ltd.
gowen@gljpc.com

PK Pande, Managing Director
Energy Fuse Group
pk.pande@energy-fuse.com