A $500M Push Reshapes Carbon Capture Finance

A $500M BKV–CIP venture speeds US carbon capture growth and sharpens competition for storage access

6 May 2025

BKV and Copenhagen Infrastructure Partners are launching a venture that will invest up to $500mn in carbon capture and storage projects across North America, marking a new phase in the technology’s commercial development.

The platform combines BKV’s existing projects with CIP’s long-term capital. Analysts say the move shows carbon capture’s progression from small pilots to infrastructure-scale systems. A BKV executive said the structure offers the “reliability and scale” needed by industrial clients preparing long-term emissions plans, reflecting rising interest in technologies that limit carbon output without disrupting operations.

The venture aligns with a wider shift toward shared networks designed to connect multiple emitters to common transport and storage assets. Investors view these integrated systems as more likely to deliver infrastructure-style returns. One energy finance specialist described the partnership as evidence that carbon capture is entering an “infrastructure era”, supported by incentives such as the US 45Q tax credit and clearer rules on long-term storage.

However, analysts warn that project pipelines may face delays if permitting slows. The market also remains exposed to policy changes. Competition for future pipeline routes and storage sites is expected to intensify, though the pace will depend on how quickly projects move from planning to execution.

BKV’s existing operations frame expectations for the new venture. Its Barnett Zero Project has stored more than 200,000 tonnes of carbon dioxide since November 2023, showing that commercial-scale capture and storage is already under way in parts of the US.

Industrial groups are watching how the BKV–CIP platform deploys capital and whether it can convert investment into measurable cuts in emissions. Its performance will help shape the emerging contours of North America’s wider path toward net zero.