Houston-based Milestone Environmental Services, which provides environmental services and carbon management, named energy leader and former Chevron executive Barbara J. Burger to its board of managers. Photo courtesy
Barbara Burger has joined the board of one of the largest energy waste sequestration companies.
Houston-based Milestone Environmental Services, which provides environmental services and carbon management, named energy leader and former Chevron executive Barbara J. Burger to its board of managers, effective February 17.
“I am very pleased to welcome Dr. Barbara Burger to the Milestone Board and look forward to her invaluable insights and contributions,” Milestone President and CEO Gabriel Rio says in a news release. “Barbara’s impressive career in the energy industry coupled with her passion for education, sustainability, and resolving the challenges facing the energy transition will undoubtedly prove beneficial for Milestone, our customers, and our other stakeholders.”
Burger, who previously served as vice president of innovation at Chevron and president of Chevron Technology Ventures, also holds adviser roles and board positions at other innovative companies.
“I look forward to working with the Milestone team as they build on their leading environmental services business and develop an energy transition-critical carbon capture and sequestration business,” Burger adds.
Burger, who was awarded InnovationMap's inaugural Trailblazer Award in 2021, is senior adviser to Lazard, on the board of directors of Heliogen, and more. She also actively serves the National Renewable Energy Laboratory, Activate, and the Houston Symphony.
Milestone Carbon has leased more that 22,000 acres of land in the Permian Basin for the permanent geologic sequestration of CO2. Photo via milestone-es.com
Houston-based Milestone Environmental Services announced this month that it has been acquired by affiliates of SK Capital Partners for an undisclosed amount.
The New York-based private investment firm, which specializes in the materials, ingredients, and life sciences sectors, now has a controlling stake of Milestone, which will continue to be led by its president and CEO Gabriel Rio.
Rio founded Milestone in 2014. The company is one of the largest independent providers of waste management services for the U.S. energy and industrial sectors. It focuses on permanent carbon sequestration services through its proprietary slurry injection process, which stores hydrocarbon waste over a mile underground.
The company's subsidiary, Milestone Carbon, is developing injection sites that permanently and securely sequester CO2. Earlier this month, Milestone Carbon announced that it has leased more that 22,000 acres of land in the Permian Basin for the permanent geologic sequestration of CO2 as part of the "sequestration hub" it is developing.
According to the company, once operating, the hub will help reduce emission related to natural gas processing, electricity generation and other industries. It's slated to be one of the first sequestration hubs in the basin.
"We founded Milestone to boldly advance sustainability in the energy industry and beyond," Rios says in a statement. "Our offerings enable companies to reduce their carbon footprint and enhance their ability to meet sustainability goals. Permanent, safe sequestration of carbon is an essential part of combating climate change, and Milestone has the strategy and capabilities to play a leading role in delivering solutions to multiple industries.”
According to a statement, Milestone has sequestered more than 2 million tons of CO2e through its injection process. The company has stated that it believes its sequestration hub will help attract new industries and technologies, hydrogen, low-carbon ammonia, and low-carbon power, to West Texas.
"We are highly impressed with the market-leading, sustainability-driven business that Gabriel and the Milestone management team have built," Jack Norris, a managing director of SK Capital, said in a statement. "It is well-positioned to further grow its core business in difficult-to-abate industries as environmental regulations become more stringent and Milestone’s customers are increasingly focused on meeting ambitious decarbonization targets. We are excited to partner with management to capture this growth opportunity as well as support its further progress towards becoming a leader in CCS and other related markets.”
Earlier this summer, Houston-based Occidental also got in on a carbon capture acquisition. Occidental says its all-cash acquisition of Carbon Engineering is set to close by the end of 2023. The Canada-based company focuses on direct carbon capture (DAC), which vacuums about 50 percent to 60 percent of the carbon dioxide from the air that passes through the system’s fans.
Oxy was granted $600 million from the U.S. Department of Energy to develop South Texas Direct Air Capture (DAC) Hub earlier this year. It’ll be located on about 106,000 leased acres within a Kleberg County site at the iconic King Ranch. The hub will comprise 30 individual DAC projects.
Corrosion is not something most people think about, but for Houston's industrial backbone pipelines, refineries, chemical plants, and water infrastructure, it is a silent and costly threat. Replacing damaged steel and overusing chemicals adds hundreds of millions of tons of carbon emissions every year. Despite the scale of the problem, corrosion detection has barely changed in decades.
In a recent episode of the Energy Tech Startups Podcast, Anwar Sadek, founder and CEO of Corrolytics, explained why the traditional approach is not working and how his team is delivering real-time visibility into one of the most overlooked challenges in the energy transition.
From Lab Insight to Industrial Breakthrough
Anwar began as a researcher studying how metals degrade and how microbes accelerate corrosion. He quickly noticed a major gap. Companies could detect the presence of microorganisms, but they could not tell whether those microbes were actually causing corrosion or how quickly the damage was happening. Most tests required shipping samples to a lab and waiting months for results, long after conditions inside the asset had changed.
That gap inspired Corrolytics' breakthrough. The company developed a portable, real-time electrochemical test that measures microbial corrosion activity directly from fluid samples. No invasive probes. No complex lab work. Just the immediate data operators can act on.
“It is like switching from film to digital photography,” Anwar says. “What used to take months now takes a couple of hours.”
Why Corrosion Matters in Houston's Energy Transition
Houston's energy transition is a blend of innovation and practicality. While the world builds new low-carbon systems, the region still depends on existing industrial infrastructure. Keeping those assets safe, efficient, and emission-conscious is essential.
This is where Corrolytics fits in. Every leak prevented, every pipeline protected, and every unnecessary gallon of biocide avoided reduces emissions and improves operational safety. The company is already seeing interest across oil and gas, petrochemicals, water and wastewater treatment, HVAC, industrial cooling, and biofuels. If fluids move through metal, microbial corrosion can occur, and Corrolytics can detect it.
Because microbes evolve quickly, slow testing methods simply cannot keep up. “By the time a company gets lab results, the environment has changed completely,” Anwar explains. “You cannot manage what you cannot measure.”
A Scientist Steps Into the CEO Role
Anwar did not plan to become a CEO. But through the National Science Foundation's ICorps program, he interviewed more than 300 industry stakeholders. Over 95 percent cited microbial corrosion as a major issue with no effective tool to address it. That validation pushed him to transform his research into a product.
Since then, Corrolytics has moved from prototype to real-world pilots in Brazil and Houston, with early partners already using the technology and some preparing to invest. Along the way, Anwar learned to lead teams, speak the language of industry, and guide the company through challenges. “When things go wrong, and they do, it is the CEO's job to steady the team,” he says.
Why Houston
Relocating to Houston accelerated everything. Customers, partners, advisors, and manufacturing talent are all here. For industrial and energy tech startups, Houston offers an ecosystem built for scale.
What's Next
Corrolytics is preparing for broader pilots, commercial partnerships, and team growth as it continues its fundraising efforts. For anyone focused on asset integrity, emissions reduction, or industrial innovation, this is a company to watch.
Energy Tech Startups Podcast is hosted by Jason Ethier and Nada Ahmed. It delves into Houston's pivotal role in the energy transition, spotlighting entrepreneurs and industry leaders shaping a low-carbon future.
Energy Equation Partners, a London-based investment firm focused on clean energy companies, and New York-based Stonepeak have completed the acquisition of a 65 percent interest in JET Tankstellen Deutschland GmbH, a subsidiary of Houston oil and gas giant Phillips 66.
JET is one of the largest and most popular fuel retailers in Germany and Austria with a rapidly growing EV charging network, according to a news release. It also operates approximately 970 service stations, convenience stores and car washes.
“We are delighted to complete this acquisition and to partner with Stonepeak and Phillips 66 to take JET to the next level,” Javed Ahmed, managing partner of Energy Equation Partners, said in a news release. “This investment reflects EEP’s commitment to investing in established players in the energy sector who have the potential to make a meaningful impact on the energy transition, and we are excited to work alongside the entire JET team, including its dedicated service station operators, to realize this vision.”
The deal values JET at approximately $2.8 billion. Phillips 66 will retain a 35 percent non-operated interest in JET and received about $1.6 billion in pre-tax proceeds.
“Under Phillips 66’s ownership, JET has grown into one of the largest fuel retailers in Germany and Austria," Anthony Borreca, senior managing director and co-head of energy at Stonepeak, added in a news release. "We are excited to join forces with them, as well as Javed and the EEP team, who have long-standing experience investing in and operating retail fuel distribution and logistics globally, to support the next phase of JET’s growth.”
Editor's note: The year is coming to a close, but there are still exciting energy events to attend in Houston this month. Mark your calendar now for pitch days, seminars, networking, and Reuters Energy LIVE 2025.
Dec. 4 — Resiliency & Adaptation Sector Pitch Day
Join innovators, industry leaders, investors, and policymakers as they explore breakthrough climate and energy technologies at Greentown Labs' latest installment of its Sector Pitch Day series, focused on resiliency and adaptation. Hear from Adrian Trömel, Chief Innovation Officer at Rice University; Eric Willman, Executive Director of the Rice WaTER Institute; pitches from 10 Greentown startups; and more.
This event is Thursday, Dec. 4, from 1-3:30 p.m. at the Ion. The Ion Holiday Block Party follows. Register here.
Dec. 8 — Pumps & Pipes Annual Event 2025
The annual gathering brings together cross-industry leaders in aerospace, energy and medicine for engaging discussions and networking opportunities. Connor Grennan, Chief AI Architect at the NYU Stern School of Business, will present this year's keynote address, "Practical Strategies to Increase Productivity." Other sessions will feature leaders from Cena Research Institute, NASA Ames Research Center, ExxonMobil, Southwest Airlines, and more.
This event is Monday, Dec. 8, from 8 a.m.-5 p.m., at TMC Helix Park. Register here.
Dec. 9 — Energy in Action Seminar
The Energy Transition Institute hosts a monthly Energy in Action Seminar focused on the digitization of the global energy transition. This month's topic is "Exploring AI’s Impact on the Fuels & Petrochemicals Industry," featuring speaker Leo Chiang, Senior Director of Corporate Technology at The Lubrizol Corporation. The event includes a one-hour talk followed by an hour of networking.
Energy LIVE is Reuters Events' flagship conference and expo that brings the full energy ecosystem together under one roof in Houston to solve the industry's most urgent commercial and operational challenges. The event will feature 3,000-plus senior executives across three strategic stages, a showcase of 75-plus exhibitors, and six strategic content pillars.
This event is Dec. 9-10 at NRG Park. Register here.
Dec. 11-12 — Fundamentals of The Texas ERCOT Electric Power Market
This two-day seminar provides a comprehensive overview of the structure, function, and current status of the Texas ERCOT ISO. Attendees will gain an understanding of the dynamic Texas wholesale and retail competitive markets, and learn how these markets interface with ERCOT ISO energy auctions and ISO operations. This two-day event will also address the rapidly expanding new market opportunities in Texas renewables, distributed generation, demand response, and demand side management, and more.
This event is Dec. 11-12 at the Courtyard Marriott Houston near the Galleria. Register here.
Dec. 9-11 — AST Conference & Trade Show
The 18th Annual National Aboveground Storage Tank (AST) Conference & Trade Show isthe premier event for professionals in storage tank and terminal operations. Join industry leaders and experts for a three-day conference providing regulatory updates, technical insights, hands-on learning, and networking opportunities.
This event is Dec. 9-12 at The Woodlands Waterway Marriott. Register here.
