U.S. energy majors ExxonMobil and Chevron together with nine other partners will bring their collective and diverse industry expertise in support of a large-scale deployment of carbon capture and storage (CCS) in the Houston area. These collective efforts could capture and store approximately 50 million metric tons of CO2 per year by 2030.

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 safely storing up to 50 million metric tons of CO2 per year by 2030 and about 100 million metric tons by 2040, ExxonMobil revealed in a statement on Thursday .