The Port of Corpus Christi and the Texas General Land Office have executed a Memorandum of Understanding (MOU) to co-develop a CO2 storage solution in the Coastal Bend in support of national decarbonization targets.
As informed, such a solution would involve infrastructure to transport and permanently store CO2 captured by various industrial target sources in the greater Port of Corpus Christi area.
To remind, a recent report from the American Petroleum Institute and the International Petroleum Industry Environmental Conservation Association and the International Association of Oil and Gas Producers calls on energy developers to adopt unified actions to help mitigate emissions that meet global carbon reduction goals.
In fact, the report recommends immediate action to reduce carbon emissions by investing into the development of infrastructure to capture and permanently store carbon.
In light of the above, Port of Corpus Christi and the Texas General Land Office decided to develop new, innovative carbon storage methods, while ensure that Texas energy developers continue to responsibly utilize resources for future generations.
The Port of Corpus Christi is uniquely suited geographically and commercially to become the nation’s premier hub for carbon management capture and storage. We have a high density of industrial CO2 target sources, a robust network of existing pipeline infrastructure, and we own a full transect of land from our customers’ fence lines out to GLO waters in the Gulf of Mexico.
…said Jeff Pollack, Chief Strategy and Sustainability Officer for the Port of Corpus Christi.
Academics from the University of Texas at Austin have mapped the geology of the Texas Gulf Coast and determined this region is ideal for injection and storage of pressurized CO2. With the agreement’s announcement, the GLO and the Port of Corpus Christi have identified the Texas Coastal Bend region as the next focal point for developing a scalable carbon management solution.
“The energy transition is a strategic focus in hitting both commercial and environmental targets for the Port of Corpus Christi. We are sending a clear message to the American people, to our industry partners, and to the global energy marketplace that the state of Texas and the Port of Corpus Christi intend to establish a large scale CCS management hub and we thank Texas Land Commissioner Bush and his staff for their aligned leadership and commitment to achieving this goal”.
…Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi, concluded.
