Federal Government funding announcements for CCS projects

This entry was posted by Wednesday, 30 June, 2010
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The US federal government, along with some private sector investors, is pouring big money into three different projects focused on industrial carbon capture and storage. These 3 projects are located in Illinois, Louisiana, and Texas. The sites have been through a first phase of R&D, and were selected from the group as the “most promising carbon capture and storage projects.”

Another $368 million in private funding is being put towards these projects, as well, bringing the total investment to almost $1 billion. According to the Department of Energy, the three projects, in theory, will collectively take 6.5 million tons of carbon dioxide out of the air each year, storing the emissions underground. That’s the equivalent of taking 1 million cars off the road. The projects also promise progress in the area of oil recovery, which could help improve domestic production of oil by up to 10 million barrels annually, according to the DOE.

The projects chosen for state funding are:

* A plan by Leucadia Energy and Denbury Onshore to sequester 4.5 million tons of carbon dioxide emissions at a new methanol plant in Lake Charles, La. The emissions will be sent to an existing enhanced oil recovery site in the West Hastings oilfield via an existing 12-mile pipeline. The project is supposed to come online in April 2014. Aside from Leucadia and Denbury, this plan involves General Electric, Haldor Topsoe, Black & Veatch, Turner Industries, and the University of Texas Bureau of Economic Geology.

* A project by Air Products and Denbury to capture and sequester 1 million tons of carbon dioxide from steam-methane reformers in Port Arthur, Texas. The emissions will be sent to the same facility as the Leucadia project and will be used for enhanced oil recovery. Other project participants are the University of Texas Bureau of Economic Geology and Valero Energy.

* A project by Archer Daniels Midland that is designed to capture and sequester 1 million tons of carbon dioxide annually from an ethanol plant in Illinois. The emissions will be sequestered in a sale reservoir that is about 1 mile away from the plant; the project is supposed to come online in August 2012. Other project members are Schlumberger and the Illinois Geological Survey.

Original article by Heather Clancy on Zednet


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