Return Carbon Collaborating With the Port of Corpus Christi in $16.4M Award Under the CarbonSAFE Initiative From U.S. Department of Energy

February 2023
Harbor of Corpus Cristi, TX

The Carbon Capture and Storage (CCS) project proposal, sponsored by the Port of Corpus Christi, was awarded $16.4 million through the U.S. Department of Energy’s (DoE) Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative to evaluate the technical and economic feasibility of permanently storing captured carbon dioxide (CO2) from industrial operations.

The Port of Corpus Christi was the only recipient of CarbonSAFE funding in Texas and received the largest total award of those announced by the DoE. The grants are designed to accelerate the development of a centralized solution to capture and manage CO2 emissions that otherwise would enter the atmosphere and contribute to global warming.

“This award is a significant and historic step in the Port of Corpus Christi’s ambition to position the Texas Coastal Bend region as the nation’s premiere carbon management hub, recognizing our customers have already made significant decarbonization commitments to their shareholders and society at large”, said Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi.

Return Carbon will contribute to the Port of Corpus Christi CCS project through the transfer of key lessons and insights from CCS project developments in the Netherlands and Europe-wide and by evaluating CO2 transport concepts and logistics systems suitable for the CO2 transport out of the Port of Corpus Christi to storage sites in the Gulf of Mexico.

Return Carbon is a Stecc/Return venture