Trace Midstream has secured an equity commitment of $400 million from Quantum Energy Partners to create Trace Midstream Partners II and its affiliate Trace Carbon Solutions. The new company will be based in Houston, Texas and will focus on building carbon capture and sequestration (CCS) techniques and supporting infrastructure across North America.
To support its focus on CCS, Trace Midstream Partners II has appointed experienced industry leader David Dell’Osso as its Chief Operating Officer.
Established in 2017, Trace focuses on developing midstream infrastructure across the U.S.
Quantum Energy Partners was founded in 1998 and provides private equity capital to the global energy industry.
Read more: Summit Carbon Solutions Strikes $1B Equity Funding Success
