Texas Carbon Capture Opportunities

CARBON CAPTURE POTENTIAL

Economically Feasible Industries in Texas

Texas has an immense opportunity to deploy carbon capture technology to lower carbon emissions and transform captured carbon into an economic resource. Ranked first in crude oil and natural gas production, 177 of the state’s facilities qualify for the 45Q federal tax credit, 88 of which stand as economically feasible candidates for retrofit with carbon capture technology. These 88 facilities have the potential to capture 86 million metric tons of CO2.

As one of the first states to enact legislation on carbon capture utilization and storage, Texas now has among the most comprehensive carbon capture incentives and legislation in the nation. With a supportive tax structure, comprehensive legislation, and geologic potential, Texas is projected to continue as a leader in carbon management policy development and project deployment.

The informational fact sheet is currently under review by the Regional Carbon Capture Deployment Initiative’s state policy team.