Today CO2 technologies are considered as a way to make a significant dent in greenhouse gas emissions. Industries emitting CO2 are taking a closer look at mass geological storage solutions and pilot CO2 capture and injection facilities are mushrooming across the world. Accordingly, Géostock, an international engineering group and leader in the field of underground hydrocarbon (with a focus on natural gas) storage, the Institut Français du Pétrole (IFP, French Petroleum Institute) and BRGM have decided to set up a joint company specializing in engineering services for CO2 transport and geological storage.
IFP holds a 40% stake in the new company called Geogreen, Géostock another 40% and BRGM 20%. The company will be providing industry operators with a very broad range of services covering the entire chain from CO2 transport to geological storage and from upstream expertise to engineering and project development. In the long term, Geogreen will be offering injection site inspection and maintenance services as well as storage site closure-monitoring services.
