December 30, 2021 – Private equity funds managed by Blackstone Energy Transition Partners (Blackstone) have taken a controlling ownership position in Blue Sky Infrastructure, LLC.
Financing from Blackstone will be used to fund Blue Sky’s carbon capture and sequestration development activities. Initial Blackstone equity contributions will be invested into the development of the River Parish Sequestration (RPS) project. RPS is a large-scale underground CO2 sequestration hub near the Geismar-Donaldsonville area of Louisiana. The RPS project will permanently store CO2 gathered from industrial emitters located along the Mississippi River industrial corridor between Baton Rouge and New Orleans.