BKV Corporation plans to invest up to $250 million in BKVerde, LLC over the next three years. This funding will empower BKV's dedicated CCUS business unit, BKV dCarbon Ventures, to efficiently evaluate CCS projects and establish a pipeline of viable projects. The strategic focus of BKV dCarbon Ventures will be on the permanent sequestration of point-source emissions in Texas, Louisiana, and California.

BKV and Verde CO2, an independent carbon capture and sequestration developer evaluated this project under an agreement intially. However, the recent investment prospectus of BKV reads:

"As of November 2023, Verde CO2 transferred pore space leaseholds and assets associated with two potential industrial CCUS projects to BKVerde, following the termination of their development agreement. Verde CO2 retains the option to invest up to 5% in these projects."