Private-equity manager EnCap Flatrock Midstream sold Elysian Carbon Management less than two years after backing the carbon-capture and storage startup, benefiting from higher demand for emission-collection systems from energy infrastructure operators. Oklahoma City-based Elysian develops projects that collect carbon dioxide at power-generation and other industrial sites and transport it for storage underground. San Antonio-based EnCap Flatrock backed Elysian in late 2021 with a $350 million commitment.

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Persons: EnCap Flatrock Midstream Organizations: Elysian Carbon Management, Oklahoma, Elysian Locations: San Antonio