1PointFive announced it has leased more than 55,000 acres along the Texas Gulf Coast to develop a CCUS hub with the capacity to hold approximately 1.2 billion tonnes of carbon dioxide.
The Bluebonnet Hub is located near refineries, chemical plants and manufacturing facilities along the Gulf Coast between Beaumont and 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 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.