By deploying CCS measures in ‘one of the largest concentrated sources’ of carbon dioxide (CO2) it may be possible for nearly 75 million metric tonnes of CO2 to be captured and stored by 2040, supporting the city’s goal to become carbon neutral by 2050.
The development could incentivise further investment in the technology, resulting in thousands of new jobs and the potential for cheaper methods of reducing emissions.
Expressing his excitement at the city’s industry collaborating to achieve its net zero goals, Sylvester Turner, Mayor, said that Houston is reimagining what it means to be the energy capital of the world.
“Applying proven technology to reduce emissions is one of the best ways to get started,” he added.
It is anticipated that CO2 captured from the Houston industrial area could be safely stored in the US Gulf Coast region in geological formations underground, an area the US Department of Energy claims to have a potential CO2 storage capacity of 500 billion metric tonnes.
Recognising that the expansion of CCS capabilities is an essential component of leading a global energy transition, Bob Harvey, President and CEO, Greater Houston Partnership, commented on the partnership, saying, ”We applaud this coalition of Houston companies that have recognised our region as the ideal location for a global-scale CCS network that would serve as the model for developments elsewhere in the world.”