CCUS at Red Hills natural gas processing complex (NM) EOR Phase 2

Asset Description

Project Overview

This full chain project is located in United States (North America) and is currently Under construction. The primary sector classification is Natural gas processing/LNG. The reported fate of captured carbon is EOR. Announcement year: 2022. Final investment decision year: 2022. Reported partners: Targa Resources Group.

Asset Description

Project Overview

Governing Policy Ecosystem

California Low Carbon Fuel Standard (LCFS) 2024/2025 Amendments

Texas HB 1284: CCS Jurisdictional Act

US 45Q Tax Credit (IRA Enhanced)

US CIFIA: Carbon Dioxide Transportation Infrastructure Finance and Innovation

US DOE Carbon Management Strategy

US EPA Class VI Primacy Delegation

US IIJA CCS Hubs Program

Louisiana Class VI Primacy Administrative Rules

North Dakota Century Code Chapter 38-22 (CCS Act)

USA One Big Beautiful Bill Act (OBBBA) and 45Q Enhancement 2025

Texas Natural Resources Code Chapter 121 (CO2 Stewardship)

Wyoming House Bill 0200 (Low-Carbon Reliable Energy Standard)

Gold Standard Engineering CDR Requirements

ICAO CORSIA Carbon Offsetting & CCU Fuel Rules (2024)