CapturePoint Announces Agreements with Energy Transfer for Carbon Capture and Storage in Louisiana

ALLEN, Texas--(BUSINESS WIRE)--CapturePoint LLC and affiliate CapturePoint Solutions LLC, (together “CapturePoint”) with offices in Allen, Texas, today announced the signing of a revised Letter of Intent (LOI) with an affiliate of Energy Transfer LP (NYSE: ET), headquartered in Dallas, Texas, that provides for the joint development of a carbon capture and permanent deep underground storage project in Louisiana. The companies also signed a definitive CO2 Offtake Agreement committing CO2 from Ene