Lease of Permanent School Fund Land for Storage of Carbon Dioxide in Nueces, Aransas, & Kleberg

The Texas General Land Office (GLO), acting on behalf of the Texas School Land Board (SLB), is seeking proposals for the lease of Permanent School Fund (PSF) land in Nueces, Aransas, and Kleberg Counties, Texas for the establishment and operation of one or more geologic carbon dioxide storage repositories in Miocene and/or Oligocene formations. The GLO is requesting experienced and adequately funded entities to undertake these projects, which will include the construction of necessary transportation and storage infrastructure. The RFP specifies a minimum annual acreage rental fee of $50/acre and provides details on the required components of the technical proposal, such as subsurface characterization, transportation, storage, and operational plans. Proposals must also include information on the respondent's company, key staff, past projects, and financial capacity. The deadline for proposal submission is June 12, 2023 at 2:00 p.m. CT, and the GLO will evaluate the proposals based on criteria such as subsurface understanding, proposed source and quantities of carbon dioxide, financial and operational capability, and compliance with applicable regulations.

The RFP does not mention any set-aside designations or restrictions on the types of organizations that can respond. No details are provided on any listed incumbent vendors or current contractors, existing infrastructure or technology that requires integration, or possible award values or budget ranges. The RFP seeks to maximize the value of the PSF land through the selection of one or more qualified entities to undertake the carbon dioxide storage projects under this opportunity.