The carbon storage race is underway in East Texas as big oil looks to cash in on climate incentives

REA Response

Empowering industries and the marketplace to accelerate the commercial deployment of carbon capture will reduce emissions and maintain the Lone Star State's position as a global energy leader.

The carbon storage race is underway in East Texas as big oil looks to cash in on climate incentives

The Houston Chronicle, Mar. 10, 2024

Oil rigs are drilling a new type of well in East Texas, where carbon dioxide pipelines, top-tier geology and a slew of industrial emissions are kicking off a race to cash in on climate-change-fueled incentives.

Chevron started drilling test wells last month for its 142,000-acre carbon storage project in Jefferson County and offshore Port Arthur, including what is believed to be the first offshore test well in the U.S. drilled as part of the emerging carbon capture and storage industry.

Read the full article here.

Half of Texans don’t think the power grid will hold up this summer: Poll

REA Response A majority of Texans are deeply concerned about a widespread electrical grid failure this summer. Given the anticipated increase in electricity demand, advancing CCUS is the best path to meet energy needs with fewer emissions. Half of Texans don’t think the power grid will hold up this summer:

ExxonMobil taps Air Liquide for low-carbon hydrogen project

REA Response ExxonMobil and Air Liquide teamed up for a $850 million investment in Baytown, to expand low-carbon hydrogen production. Texas is set to lead in producing affordable hydrogen for a reliable energy future. ExxonMobil taps Air Liquide for low-carbon hydrogen project Utility Dive, Jun. 26, 2024 Dive Brief: ExxonMobil

Texas power grid risk this summer is ‘about the same to slightly improved’ from last summer

REA Response It’s clear that ERCOT requires a more reliable and affordable power supply to meet weather demands. While renewable energy sources contribute to our electric grid, carbon capture and storage stands out as a proven technology to develop more reliable dispatchable power. Texas power grid risk this summer is

REA Response