New Report – Carbon Capture and Storage: The Path to Cleaner Energy and Prosperity for Texas
Thu, October 26, 2023
Today, Texans for Natural Gas (TNG), an educational campaign of the Texas Independent Producers and Royalty Owners Association (TIPRO), released a new report highlighting the importance of Carbon Capture and Storage (CCS) for the state of Texas. The report, titled "Carbon Capture and Storage: The Path to Cleaner Energy and Prosperity for Texas," emphasizes the significant benefits that CCS projects and infrastructure could bring to the state.
"Given the state’s unique geological make-up, Texas is well-positioned to lead the Carbon Capture and Storage (CCS) industry. This advantage, combined with our business-friendly environment, could set Texas apart as a global pioneer in CCS," said Ed Longanecker, TIPRO president and TNG spokesperson. “Today’s report underscores the importance of our state as a national energy leader and the significant investments being made, and innovation developed by Texas oil and natural gas producers and other industries in this growing sector.”
Key findings of the report:
- Texas has been safely transporting CO2 via pipeline since the 1970s, when the first CO2 capturing system was built in the Permian Basin.
- Implementing CCS across 95 Texas facilities could create up to 18,350 jobs annually during construction (2021-2035) and 9,230 permanent operational jobs.
- Currently, Texas has three proposed CCS facilities capable of storing an additional 30 million metric tons of CO2 annually – the equivalent of carbon sequestered from over 35 million acres of U.S. forests in one year.
- Texas has a unique geological, regulatory, and business landscape that continues to make it a pioneer in CCS, driving industry growth and progress.
To read the full report, click here.