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The changing economics of CCS
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
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Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
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Carbon capture US
Stuart Penson
2 March 2023
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Occidental’s 1Pointfive plans major Texas CCS hub

Bluebonnet hub on Gulf Coast will offer industrial emitters access to shared CCS infrastructure

Carbon management company 1Pointfive, a subsidiary of US energy company Occidental Petroleum, has unveiled plans to develop a CCS hub in southeast Texas with capacity to store about 1.2bn t of CO₂. The so-called Bluebonnet hub, which is expected to enter operation in 2026, will span Chambers, Liberty and Jefferson counties, with proximity to refineries, chemical plants and manufacturing facilities along the Gulf Coast from Beaumont to Houston. 1Pointfive has leased 55,000 acres along the Texas Gulf Coast for the project. “This hub is located between two of the largest industrial corridors in Texas so captured CO₂ can be efficiently transported and safely sequestered,” says Jeff Alvarez, pres

Also in this section
The changing economics of CCS
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
Gulf Energy Excellence Awards® 2025 winners honoured at Houston gala
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
Letter from London: Occidental’s oil-led defence of DAC
15 October 2025
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
An all-energy stance
9 October 2025
A balanced approach—combining hydrocarbons, renewables and emerging clean technologies—is essential for both energy security and sustainability

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