Exxon Mobil has concluded lease agreements with the state of Texas for over 271,000 hectares in Texas state waters for an offshore CCS (Carbon Capture and Storage) project. The area is larger than the Saarland. This was recently announced by the US oil company. The offshore CCS projects should complement CCS projects on land. The CO2 is to be stored at a depth of 1.6 to 3.2 kilometers. Exxon has not yet provided any information about the duration of the lease, the conditions or the costs. Exxon had already acquired federal land in Texas for CO2 storage in 2021 and secured areas in the Gulf of Mexico last year as the highest bidder. The USA subsidizes CCS technology with tax rebates of USD 85 per tonne of CO2. rtr/lb