Gibson Dunn Advised 1PointFive On Its 25-Year CO₂ Sequestration Agreement With CF Industries

Gibson Dunn Advised 1PointFive On Its 25-Year CO₂ Sequestration Agreement With CF Industries

Gibson Dunn advised 1PointFive on its 25-year carbon dioxide offtake agreement with CF Industries and its joint venture partners JERA Co., Inc. and Mitsui & Co., Inc.

1PointFive is a subsidiary of Occidental, as part of the agreement approximately 2.3 million metric tons of carbon dioxide will be securely stored per year at 1PointFive’s Pelican Sequestration Hub in Louisiana.

The Gibson Dunn team was led by Michael P. Darden (Partner, Houston) and Graham Valenta (Senior Associate, Houston), with support from Joseph S. Kmetz (Associate, Houston). Corporate aspects of the transaction were handled by Gerry Spedale (Partner, Houston), while Michael Q. Cannon (Partner, Houston) and Josiah Bethards (Associate, Houston) advised on tax matters. Environmental aspects were advised by Michael K. Murphy (Partner, Houston), and international trade matters were handled by Stephenie Gosnell Handler (Partner, Washington, D.C.) and Scott R. Toussaint (Associate, Washington, D.C.).

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