1PointFive Announces Plan to Develop a Carbon Capture and Sequestration Hub in Southeast Texas
The 55,000-acre site has resource potential to store approximately 1.2 billion metric tons of carbon dioxide to provide a carbon removal solution for industrial facilities
HOUSTON, TX March 2, 2023 – 1PointFive, a carbon capture, utilization and sequestration company, announced it has leased, through an affiliate, more than 55,000 acres along the Texas Gulf Coast, to develop a carbon capture and sequestration hub with the capacity to hold approximately 1.2 billion metric tons of carbon dioxide (CO₂). 1PointFive leverages the carbon management experience of its parent company Occidental.
The Bluebonnet Hub is located in Chambers, Liberty and Jefferson counties near refineries, chemical plants and manufacturing facilities along the Gulf Coast from Beaumont to Houston. The hub, which is expected to be operational in 2026, will provide for CO₂ captured off-site to be securely stored in saline formations that are 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. 1PointFive and a subsidiary of Enterprise Products Partners L.P. are furthering the development of a CO₂ transportation solution to gather CO₂ from regional emitters and deliver to 1PointFive’s hub.
“We are progressing our plans to build sequestration hubs that will provide a solution for carbon intensive industries to help reduce their emissions,” said Jeff Alvarez, President, 1PointFive Sequestration. “This hub is located between two of the largest industrial corridors in Texas so captured CO₂ can be efficiently transported and safely sequestered. Rather than starting from scratch with individual capture and sequestration projects, companies can plug into this hub for access to shared carbon infrastructure.”
1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) platform that is working to help curb global temperature rise to 1.5°C by 2050 through the deployment of decarbonization solutions, including Carbon Engineering's Direct Air Capture (DAC) and AIR TO FUELS™ technologies alongside geologic sequestration hubs. More at 1PointFive.com.
AIR TO FUELS™ is a registered trademark of Carbon Engineering Ltd.
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