The Texas Gulf Coast is emerging as a hub for Carbon Capture and Storage (CCS) technologies, enabling industries to reduce CO2 emissions efficiently. Companies can now focus on capturing CO2 while relying on dedicated operators for transportation and storage.
Key takeaways:
- Future-ready proven capture solutions are available to reduce emission
- Collaborate and partner with transport & storage operators in CCS hubs
- CCS hubs simplify CO2 capture, transport, and storage; reduce cost & risks
- 45Q tax credit offers financial incentives for emissions reduction and offset capture costs
- Low-cost industries like natural gas, ethanol, and petrochemicals are well-positioned to benefit due to their low cost of capture.
- High-cost sectors such as cement and steel face challenges and may require government support.
Scaling up CCS efforts with shared infrastructure offers a practical solution to meet emission reduction targets across multiple industries.