Talos Energy – an oil company based in Houston, is partnering with Howard Energy Partners (HEP) to explore carbon capture and storage (CCS) opportunities at the Port of Corpus Christi in Texas. They aim to initially capture 1 million to 1.5 million tons of carbon dioxide a year.
The carbon capture project is named the Coastal Bend Carbon Management Partnership and starts with an initial 9-month evaluation period. The parties will identify and mature carbon capture and storage solutions on port-owned lands.
Howard Energy Partners will contribute with transportation infrastructure and expertise, while Talos Energy will bring its subsurface and sequestration capabilities. According to Talos Energy president Timothy Duncan, the company has already commenced technical and commercial evaluation on the Coastal Bend region and has concluded the carbon capture project would have a positive impact on it.
The Port of Corpus Christi is positioned on the western Gulf of Mexico and is a major gateway to international and domestic maritime commerce, with railroad and highway network connectivity and two major interstate highways. The Port’s emissions have been estimated at around 20 million tons per year and the carbon capture and storage project is needed to reduce this environmental impact.
The parties have entered into a lease option agreement with the port that encompasses about 13,000 acres for carbon capture hub evaluation. The initial goal is to sequester 1 million to 1.5 million metric tons of CO2 per year of industrial emissions into saline aquifers using an estimated total storage capacity between 50 million and 100 million metric tons.
The companies may also decide to expand the project to regional-hub scale, and sequester between 6 million and 10 million metric tons per year. HEP’s Javelina midstream system is directly connected to over half of the total regional emissions. The company owns 60 miles of existing infrastructure situated for gathering activities throughout the port area.
“The Port of Corpus Christi is an incredibly important export hub for the United States, and our goal is to offer their large customer base an on-site decarbonization solution to help reduce the carbon intensity of those products shipped all around the world from right here in Texas,” said Mr. Duncan.