LOUISIANA CARBON CAPTURE
Empowering the CCS energy
transition with comprehensive
real estate services
ABOUT
NAI Latter & Blum dates back to 1916 making it one of the oldest and most trusted names in commercial real estate. Our firm began over a century ago when Harry Latter and Joseph E. Blum founded a commercial real estate company. In 1986, and after 70 years of ownership with the Latter family, the company was purchased by Robert W. Merrick, a nationally respected appraiser and broker who restructured the organization. Since then, Latter & Blum has expanded and merged with multiple real estate firms throughout the state to become Louisiana’s first and only $1 billion real estate company.
NAI Latter & Blum has a well established reputation in Louisiana and is part of the largest commercial real estate network in the world through our affiliation with the NAI Group. Our expertise in land and mineral leasing, acquisition and disposition of land as well as our corporate reach with agents and their relationships lends itself to the carbon capture field of business.
Our interest in the Carbon Capture and Sequestration (CCS) field is participation in the various phases of the carbon capture work flow, such as the acquisition and disposition of land, surface and mineral leasing, property and market analysis, commercial leasing and management services. We possess the resources to assist in the aspects of carbon capture relative to Commercial Real Estate and have formed a dedicated group of professionals that are currently participating in this specific industry.
We are comfortable with the primary drivers of the CCS field, specifically the Producers, Developers, and Landowners, as well as the many others who make up the ecosphere of Carbon Capture. We recognize the dynamic nature of this field and believe our ability to adapt to various work fronts allows us to provide valuable resources to the process of reducing CO2.
CARBON CAPTURE & SEQUESTRATION
ccs
The CCS process in Louisiana aligns with the state's commitment to reducing carbon emissions as well as Environmental Social Governance (ESG) standards. This process promotes sustainable energy solutions and supports the energy industry. Louisiana's regulatory environment and available geological formations position the state as an ideal location for CCS projects.
Louisiana has developed a supportive regulatory framework to facilitate CCS projects. The state offers tax incentives, grants, and other financial mechanisms to encourage the development and deployment of CCS technologies. Additionally, regulatory agencies work closely with industry stakeholders to ensure compliance with environmental regulations and safety standards.
6. REGULATORY FRAMEWORK
In Louisiana, there is a growing interest in CO2 utilization alongside storage. Captured CO2 can be utilized in enhanced oil recovery (EOR) projects, where it is injected into oil reservoirs to enhance oil production. Additionally, CO2 can be used as a feedstock for industrial processes, such as chemical manufacturing or the production of building materials, creating a market for CO2 utilization projects.
5. UTILIZATION
Continuous monitoring and verification are essential to ensure the safety and effectiveness of CO2 storage in Louisiana. Robust monitoring systems are implemented to detect and address any potential leaks or environmental impacts. This includes surface monitoring, subsurface monitoring using seismic imaging and pressure monitoring, and ongoing risk assessments to assess the integrity of storage sites.
4. MONITORING AND VERIFICATION
Louisiana offers various geological formations suitable for CO2 storage. These include depleted oil and gas reservoirs, saline formations, and deep unmineable coal seams. CO2 is injected into these formations to ensure its secure storage underground and its future utilization. The state's experience in oil and gas operations contributes to its expertise in identifying suitable storage sites and managing the storage process effectively.
3. STORAGE
Once captured, the CO2 needs to be transported from the capture sites to the storage locations. In Louisiana, pipelines are the primary method of transporting CO2 over long distances; however, trucking is an available option. The state has an existing pipeline infrastructure that can be utilized for CO2 transportation, connecting capture facilities with suitable storage sites.
2. TRANSPORTATION
In Louisiana, CCS projects involve capturing CO2 emissions from industrial facilities such as power plants, refineries, and petrochemical plants. Different capture technologies, including post-combustion capture, pre-combustion capture, and oxy-fuel combustion, are employed to capture CO2 before it is released into the atmosphere. In addition, Open Air Capture can complement traditional CCS projects by capturing CO2 directly from the atmosphere, enhancing carbon reduction efforts.
1. CAPTURE
OVERVIEW OF THE CCS
PROCESS IN LOUISIANA
Carbon Capture and Sequestration (CCS) is a critical technology for mitigating carbon dioxide (CO2) emissions and addressing climate change. In Louisiana, CCS projects play a significant role in the state's efforts to get to “net zero” carbon emissions and reduce greenhouse gasses while still supporting its energy industry. The CCS process in Louisiana involves capturing CO2 from industrial sources, transporting it, and safely storing it underground as well as other processes to allow for the reduction of carbon. By leveraging CCS, Louisiana aims to balance economic growth and environmental sustainability.
NAI LATTER & BLUM
SERVICES
NAI Latter & Blum has a long and well-established reputation in Louisiana and is part of the largest commercial real estate network in the world through our affiliation with the NAI Group. Our interest in this CCS field of work is to participate in the various phases of the process such as the acquisition and disposition of land, land and mineral leasing, property and market analysis, commercial leasing, and management services.
NAI Latter & Blum is well-positioned to be a resource to the various participants in the CCS space that require commercial real estate services. We can add value and provide resources through the following:
1. Market Knowledge
With our vast relationships in Louisiana and extensive experience in commercial real estate, we have the knowledge and understanding of various markets which provide valuable insights and guidance for CCS initiatives.
2. Land Acquisition / Analysis
We specialize in the acquisition of land suitable for CCS projects, considering factors like geological suitability, proximity to industrial sources, transportation infrastructure, and regulatory requirements. Our team can conduct property analysis including the due diligence factors specific to this field.
3. Leasing and Management
We offer leasing and management services for CCS-related facilities and infrastructure. This includes negotiating lease agreements, ensuring compliance with regulations, and optimizing the operational efficiency of the properties.
4. Network and Reach
As part of the largest real estate network globally, we have access to a vast network of industry professionals, potential investors, and key stakeholders in the CCS space. This allows us to connect clients with the right partners and resources to support their CCS projects.
5. Corporate Services
We offer a wide range of services to support Corporate Finance / Facilities Groups, encompassing various aspects such as CRE pre-transaction support, including due diligence, and post-transaction support, along with management services. This internal support reduces the time, effort, and resources expended by a corporate partner.
By leveraging our expertise, network, and comprehensive commercial real estate services, NAI Latter & Blum can be an asset in supporting CCS projects. Additionally, our Team has extensive knowledge of the oil and gas exploration and production industry in Louisiana. We are committed to assisting clients in achieving their CCS goals while optimizing their real estate decisions in this dynamic and critical field.
