The carbon capture, utilization and sequestration (CCUS) specialists CapturePoint LLC and affiliate CapturePoint Solutions LLC, collectively known as CapturePoint, announced the appointment of Greg Harper as Chief Executive Officer on April 14.
Harper will head the company as it works to meet contracts and commitments to sequester up to 8 million tons of CO2 annually by 2030.
CapturePoint is a leader in the North American market for CCUS, in which carbon (CO2) emissions from burning fossil fuels is captured and injected into underground wells for long-term storage. The technology has been employed commercially for more than 50 years as a means of eliminating atmospheric CO2, a major driver of climate change.
CapturePoint currently injects over 1 million tons of CO2 annually into Enhanced Oil Recovery (CO2-EOR) projects and operates over 230 miles of dedicated CO2 pipelines. CapturePoint is also pursuing deep underground carbon storage sites around the U.S, with industry-leading projects in Louisiana and Colorado.
CapturePoint’s Central Louisiana Regional Carbon Storage Hub (CENLA Hub) development, now in permit review, has the potential to be one of the largest onshore underground carbon storage sites in the U.S.
CapturePoint’s proposed CO2 Storage Hub in Colorado will leverage an existing 200-mile CO2 pipeline and Class II injection site as the foundation for building out a larger regional CO2 transport and storage network. The expansion will enable the capture of an additional 1.25 million tons of CO2 annually, significantly enhancing the region’s capacity to mitigate carbon emissions.
Harper has 35 years in energy leadership
Harper, who as CEO also joins CapturePoint’s Board of Directors, has been a leader in the U.S. energy sector for over 35 years, most recently serving as co-founder, Chairman and CEO of Evergreen Midstream LLC, an asset acquisition and development firm focused on traditional and renewable resources.
“Greg is a dynamic, purposeful leader who has driven commercial, operational, and developmental success across every aspect of America’s natural gas and energy transportation sectors,” said Brian Falik, Global Chief Investment Officer of Mercuria Energy, one of CapturePoint’s largest shareholders. “CapturePoint is poised to lead the rapidly growing U.S. Carbon Capture, Utilization and Sequestration (CCUS) industry which will play a large role in America’s future energy resilience and adaptation.”
Harper replaces CapturePoint’s former CEO and founder, Tracy Evans, who recently retired from CapturePoint. “The board would like to thank Mr. Evans for his passion and dedication for bringing CapturePoint to this pivotal point in commercializing large scale CCUS opportunities,” Falik said.
Harper’s extensive energy management experience includes previous roles as President and CEO of Blue Mountain Midstream LLC, a subsidiary of Riviera Resources, and executive leadership roles at Enbridge, Southwest Energy, CenterPoint Energy, Spectra Energy Partners, and Duke Energy.
“I am honored to lead the talented team at CapturePoint,” said Harper. “Domestic carbon management solutions are critical to securing our nation’s energy resilience and reinforcing U.S. leadership in manufacturing and industrial exports while adapting to the changing needs of the climate. With a strong operating foundation and a portfolio of groundbreaking projects, CapturePoint is well-positioned to drive lasting energy leadership and success.”
