Occidental Petroleum Corp. subsidiary 1PointFive has leased more than 55,000 acres along the Texas coast to develop a carbon capture and sequestration (CCS) hub, management said Thursday (March 2).


The Bluebonnet Hub would be sited in Chambers, Liberty and Jefferson counties southeast of Houston. The hub as designed would boast capacity to hold about 1.2 million metric tons of carbon dioxide (CO2), 1PointFive said.

Bluebonnet, which is expected to be operational by 2026, would capture CO2 from nearby refining, petrochemical and manufacturing facilities. The CO2 would then be stored underground in saline formations that are not associated with oil and gas production.

“We are progressing our plans to build sequestration hubs that will provide a solution for carbon intensive...