Industry support for large-scale carbon capture and storage continues to grow in Houston

The 14 companies are evaluating how to use safe and proven CCS technology at Houston-the facilities in the region that provide energy and products for modern life, including power generation and advanced manufacturing for plastics, fuels and packaging. In December 2021companies held a series of workshops at University of Houston to discuss collaborating and activating this important large-scale emissions reduction effort.

Together, these companies and others in the region could capture and safely store up to 50 million metric tons of CO2 per year by 2030 and approximately 100 million metric tons per year by 2040, helping to significantly reduce emissions in the Houston Region.

These efforts have already gained widespread support in the Houston region, including Houston Mayor Sylvester Turnerthe Harris County Commissioners’ Court, the Greater Houston Partnership and the Center for from Houston Future.

“Large-scale carbon capture and storage in the Houston the region will be a cornerstone of the global energy transition, and the efforts of these companies are critical to advancing the development of CCS to achieve large-scale business impact,” said Charles McConnellDirector of University of Houston Center for Carbon Management in Energy and former Assistant Secretary of the US Department of Energy. “As the energy capital of the world, Houston has the expertise and leadership, including industry, academia and policymakers, to realize a low-carbon, reliable and affordable energy future. I look forward to working alongside these 14 companies to make Houston the world leader in CCS.”

Large-scale and affordable deployment of CCS in the Houston will require the support of industry, communities and government. If appropriate policies and regulations are put in place, CCS could help United States and Houston achieve net zero goals while generating new jobs and protecting existing jobs that are important to from Houston economy. CCS could also promote long-term economic growth in Southeast Texas and beyond.

CCS is the process of capturing CO2 from industrial activities that would otherwise be released into the atmosphere and injecting it into deep underground geological formations for safe and permanent storage. CO2 of the Houston industrial area could be stored in nearby on- and offshore storage sites. An analysis of US Department of Energy estimates shows that storage capacity along the US Gulf Coast is large enough to store about 500 billion metric tons of CO2which equates to more than 130 years of industrial emissions and power generation in United Statesbased on 2018 data.

CCS is one of the few proven technologies that could enable certain hard-to-decarbonise industrial sectors, such as manufacturing and heavy industry, to reduce greenhouse gas emissions. The International Energy Agency predicts that CCS could mitigate up to 15% of global emissions by 2040, and the United Nations Intergovernmental Panel on Climate Change estimates that global decarbonization efforts could be twice as expensive without this technology.

Discussions are continuing with other companies that have industrial activities in the Houston region, potentially increasing the total projected CO2 that can be captured and stored safely.

For more information, please visit www.houstonccs.com.

About companies:

About Air Liquide
World leader in gases, technologies and services for Industry and Health, Air Liquide is present in 78 countries with approximately 64,500 employees and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are small molecules essential to life, matter and energy. They embody the scientific territory of Air Liquide and have been at the heart of the company’s activities since its creation in 1902.

Air Liquide’s ambition is to be a leader in its industry, to deliver long-term performance and to contribute to sustainable development – with a strong commitment to climate change and energy transition at the heart of its strategy. . The company’s customer-centric transformation strategy aims for profitable, steady and responsible growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization set up by the Group around the world. Thanks to the commitment and inventiveness of its employees, Air Liquide relies on the energy and environmental transition, changes in health and digitalization, and brings more value to all its stakeholders.

Air Liquide’s turnover amounts to more than 20 billion euros in 2020. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and is part of the CAC 40, EURO STOXX 50 and FTSE4Good indices. More information on https://www.airliquide.com/

“Air Liquide is committed to advancing the transition to a clean energy economy and achieving carbon neutrality by 2050, through the holistic deployment of sustainable technologies. Carbon capture solutions, like our innovative CryoCapMT portfolio, can reduce emissions and help transform traditional industrial processes from a barrier to the energy transition into part of the solution,” said Chris Clark, Senior Vice President Business Support & Performance at Air Liquide. “Air Liquide, as a key technology and solutions provider, is pleased to advance the use of carbon capture technologies through this effort, which has the potential to eliminate millions of tons of CO2 in the Houston area and put Texas at the forefront of the clean energy economy.”

About BASF
BASF Corporation, headquartered in Florham Park, New Jerseyis the North American subsidiary of BASF SE, Ludwigshafen, Germany. BASF has approximately 17,000 employees in North America and achieved sales of $18.7 billion in 2020. For more information on BASF’s North American operations, visit www.basf.com/us.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees of the BASF Group contribute to the success of our customers in almost every industry and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF achieved a turnover of 59 billion euros in 2020. BASF shares are listed on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. http://www.basf.com.

“Climate protection and sustainability are central to our business models. BASF has set an ambitious goal of climate neutrality in 2050 and is dedicated to developing innovative solutions to achieve this goal,” said Chris Witte, senior vice president, general manager of the Freeport site for BASF Corporation. “The company supports investments and initiatives, like carbon capture and storage technology, to accelerate the transition to net-zero emissions.”

About Shell
Shell Oil Company is a subsidiary of Royal Dutch Shell plc, a global group of energy and petrochemical companies operating in over 70 countries. In the United States, Shell operates in 50 states and employs more than 14,000 people working to help meet the challenges of the new energy future. https://www.shell.us

Carbon capture and storage is not a single technology, but rather a series of technologies and scientific breakthroughs that work together to achieve a profound result, which will play an important role in the future of energy and our planet” , said Gretchen Watkins, US Chairman of Shell. “With this in mind, this consortium should combine CCS’s plans and ambitions to crystallize from Houston reputation as the energy capital of the world while contributing to local and US plans to help achieve net zero emissions.”

SOURCEAir Liquid; BASF; Calpine; Chevron; Dow; ExxonMobil; INEOS; Linda; LyondellBasell; Oil Marathon; NRG Energy; Phillips 66; Shell; Valero

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