IFM Investors-backed Buckeye completed the acquisition of Elysian Carbon Management from EnCap Flatrock.

IFM Investors-backed Buckeye, an independent pipeline common carrier of refined petroleum products, completed the acquisition of Elysian Carbon Management, a company that provides integrated end-to-end carbon capture and storage solutions from EnCap Flatrock, a venture capital firm. Financial terms were not disclosed. “We’ve always thought that carbon capture and storage makes a lot of sense for Buckeye. We wanted to find the right group that we thought could push it," Todd J. Russo, Buckeye CEO.