Houston is likely to house one of the world’s largest, most advanced carbon capture and storage (CCS) hubs with a host of multinationals joining forces in Texas.

Eleven companies have expressed interest in supporting the large-scale deployment of CCS technology in Houston. Calpine, Chevron, Dow, ExxonMobil, INEOS, Linde, LyondellBasell, Marathon Petroleum, NRG Energy, Phillips 66 and Valero have agreed to begin discussing plans that could lead to capturing and storing up to 50m tons of CO2 per year by 2030 and about 100m tons by 2040.