Capturing the $100 Billion Carbon Management Opportunity in Texas

Texas can leverage its existing oil and gas infrastructure, geological assets, and federal tax credits under the One Big Beautiful Bill Act to become a global leader in carbon management, potentially attracting up to $94 billion in investments and creating up to 211,000 jobs by 2050.

• Texas possesses significant existing assets for carbon management, including 2,325 miles of CO2 pipeline infrastructure (over 40% of the US total) and an annual industrial CO2 production of over 367 million metric tons. The Department of Energy estimates the state has over 1.6 billion metric tons of potential storage capacity in deep saline aquifer formations and depleted oil and gas reservoirs.
• Major corporate investments are already underway in Texas, including Occidental Petroleum's $500 million DAC project in the Permian Basin, ExxonMobil's $1.9 billion acquisition of the 1,300-mile Denbury pipeline, and ExxonMobil's $7 billion blue hydrogen facility in Baytown designed to capture over 7 million metric tons of carbon annually.
• RMI analysis projects that by 2050, carbon management could bring $12 billion to $94 billion in investments to Texas, resulting in a cumulative economic benefit between $24 billion and $182 billion and the creation of 21,000 to 211,000 new jobs.
• Regulatory progress is supporting the industry, with the EPA proposing approval of Texas's Class VI underground injection well primacy application in June 2025 to streamline storage permitting.

APA

RMI (2025). Capturing the $100 Billion Carbon Management Opportunity in Texas. https://rmi.org/resources/capturing-the-100-billion-carbon-management-opportunity-in-texas/

Chicago

RMI. Capturing the $100 Billion Carbon Management Opportunity in Texas. 2025. https://rmi.org/resources/capturing-the-100-billion-carbon-management-opportunity-in-texas/.

Wikipedia

{{cite report |author=RMI |title=Capturing the $100 Billion Carbon Management Opportunity in Texas |date=15 October 2025 |url=https://rmi.org/resources/capturing-the-100-billion-carbon-management-opportunity-in-texas/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2025capturing, author = {{RMI}}, title = {{Capturing the \$100 Billion Carbon Management Opportunity in Texas}}, institution = {RMI}, year = {2025}, month = oct, url = {https://rmi.org/resources/capturing-the-100-billion-carbon-management-opportunity-in-texas/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }