Reported 29 days ago
Enterprise Products Partners (EPD), a major energy midstream company, has announced plans to develop a carbon dioxide transportation network to support Occidental Petroleum's Bluebonnet Sequestration Hub in Texas. This initiative aims to tap into the projected $3 trillion to $5 trillion carbon capture market by 2050, enhancing EPD's already strong cash flow and distribution offerings, which yield 7%. The company continues to expand its operations with several major projects underway, positioning itself for future growth and increased payouts to investors.
Source: YAHOO