CO2 capture and onshore geologic storage under Port of Corpus Christi—owned property.

As part of the project, Talos Energy and Howard Energy have entered into an option agreement with the Port of Corpus Christi Authority to pursue commercial carbon capture and sequestration opportunities on-site at the Port of Corpus Christi.

The lease option agreement encompasses approximately 13,000 acres for CCS project evaluation, with an initial goal to sequester 1.0 – 1.5 million metric tons of CO2 per year of industrial emissions into saline aquifers utilizing an estimated total storage capacity of 50 – 100 million metric tons.

Based on proof of concept and market demand, the parties may expand the project to Regional Hub scale, with the capability to sequester 6 – 10 million metric tons per year of the approximately 20 million metric tons per year of total regional emissions.

Howard Energy’s Javelina midstream system is directly connected to over half of the total regional emissions with approximately 60 miles of existing infrastructure, which is ideally situated for gathering activities throughout the Port area.

In March 2024, Talos entered an agreement to sell its subsidiary Talos Low Carbon Solutions, including its stake in Coastal Bend CCS, to TotalEnergies E&P USA.