Houston, is ready for take-off and PEP-11 won't be far behind! Well, hopefully not too far behind anyways...

Carbon Capture and Storage Gains Wide Industry Support in Houston

https://www.prnewswire.com/news-releases/carbon-capture-and-storage-gains-wide-industry-support-in-houston-301378576.html

Eleven companies support large-scale deployment of carbon capture and storage to help decarbonize industrial facilities; discussions ongoing with others

- Collective efforts could capture and store approximately 50 million metric tons of CO2 per year by 2030; 100 million by 2040

Sep 16, 2021, 08:00 ET


(Extract Only)

CCS is the process of capturing CO₂ from industrial activity that would otherwise be released into the atmosphere and injecting it into deep underground geologic formations for safe, secure and permanent storage. With supportive regulations, CO₂ from the Houston industrial area could be safely stored in the U.S. Gulf Coast region in formations thousands of feet below the surface or seabed. The U.S. Department of Energy estimates that storage capacity along the U.S. Gulf Coast is enough to hold 500 billion metric tons of CO₂ — more than 130 years of the country's total industrial and power generation emissions, based on 2018 data.

Although renewables will continue to play an important role in a lower-carbon energy future, CCS is one of the few proven technologies that could enable some industry sectors to decarbonize, such as manufacturing and heavy industry. The International Energy Agency projects CCS could mitigate up to 15 percent of global emissions by 2040, and the U.N. Intergovernmental Panel on Climate Change (IPCC) estimates global decarbonization efforts could be twice as costly without CCS.