A new report explores what needs to be addressed to leverage CCUS at scale in Texas
Texas could capture significant economies of scale in CCUS and use that to take a leading role in the transition to a lower carbon future, says a report from Rice University, funded by the Mitchell Foundation and OGCI. It has a unique concentration of carbon dioxide emissions, making up 24% of emissions from US industry. The energy and chemicals industry is critical, accounting for 13% of the state economy. The geology is good and the availability of technical knowledge of the subsurface is unsurpassed.
This report explores what needs to happen so that Texas can leverage that advantage. It outlines the coordination needed to put the parts of the CCUS value chain together – capture, transport and use or storage. It also explores the legal, regulatory and commercial issues that are hindering progress and highlights six specific areas of action that are required to unleash the potential of CCUS in Texas. The report concludes with a set of recommendations to leverage CCUs to drive a paradigm shift in the way hydrocarbons are used.