US supermajor ExxonMobil has proposed to establish a CCS hub for the industrial area along the Houston Ship Channel, requiring a combined investment of $100 billion or more. The hub, or “Innovation Zone”, would bring together all levels of government, academia, and the private sector to create a multi-user CCS system, aiming to capture the carbon dioxide emissions from the petrochemical, manufacturing, and power generation facilities in the area. The aim is to capture 50 million tpa of CO2 by 2030 and 100 million tpa by 2040.