Buckeye Partners Acquires Elysian Carbon Management
Buckeye Partners (Buckeye) has acquired Elysian Carbon Management (Elysian) from EnCap Flatrock Midstream. Elysian provides integrated end-to-end carbon capture and storage (CCS) solutions to industrial, power, and similar facilities seeking to transition to lower-carbon products to advance emissions reductions goals.
“This acquisition reflects Buckeye’s commitment to continue to provide essential infrastructure and logistics solutions to meet our customers’ evolving needs in the energy transition,” said Buckeye Chief Executive Officer Todd Russo. “Rapidly developing CCS-related technologies and solutions offer abundant synergies across Buckeye’s project development capabilities and existing pipeline network and are essential to enabling the energy transition’s success. We’re excited for the Elysian team to join the Buckeye platform and to integrate their expertise to better serve our customers’ growing lower-carbon needs.”
Headquartered in Houston, Buckeye owns and operates a diversified global network of integrated assets providing midstream infrastructure and logistic solutions, primarily consisting of the transportation, storage, processing, and marketing of liquid petroleum products.
