Occidental Petroleum subsidiary 1PointFive has leased, through an affiliate, more than 55,000 acres along the Texas Gulf Coast to develop a carbon capture and sequestration (CCS) hub with capacity to hold about 1.2 billion metric tons of CO2.
The Bluebonnet Hub lies in Chambers, Liberty, and Jefferson counties, near refineries, chemical plants, and manufacturing facilities along the Gulf Coast rom Beaumont to Houston. Expected to be operational in 2026, the hub will provide for CO2 captured offsite to be securely stored in saline formations not associated with oil and gas production.
1PointFive has completed drilling a stratigraphic test well and subsurface assessment to characterize the site’s ability to securely store CO2 and expects to apply for two Class VI permits in 2023.
The company and a subsidiary of Enterprise Products Partners LP are furthering development of a CO2 transportation solution to gather CO2 from regional emitters and deliver to 1PointFive’s hub (OGJ Online, Apr. 26, 2022).