Expandable clays such as montmorillonite have interlayer exchange sites whose hydration state can be systematically varied from near anhydrous to almost bulk-like water conditions. This phenomenon has new significance with the simultaneous implementation of geological sequestration and secondary utilization of CO 2 to both mitigate climate warming and enhance extraction of methane from hydrated clay-rich formations. In this study, the partitioning of CO 2 a n d H 2 O between Na-, Ca-, and Mg-exchanged montmorillonite and variably hydrated supercritical CO 2 (scCO 2 ) was investigated using in situ X-ray diffraction (HXRD), infrared (IR) spectroscopic titrations, and quartz crystal microbalance (QCM) measurements. Density functional theory calculations provided mechanistic insights. Structural volumetric changes were correlated to quantified changes in sorbed H 2 O and CO 2 concentrations as a function of percent H 2 O saturation in scCO 2 . Intercalation of CO 2 is inhibited when the clay is fully collapsed (dehydrated interlayer), peaks sharply with the introduction of some H 2 O and partial expansion of the interlayer region, and then decreases systematically with further hydration of the clay. This behavior is discussed in the context of recent theoretical calculations of the montmorillonite H 2 O-CO 2 system.