DOE Announces New Funding for CO2 Storage and Transportation Projects
DOE Announces New Funding for CO2 Storage and Transportation Projects
The U.S. Department of Energy (DOE) recently announced $251 million to support 12 selected projects across seven states that will bolster national carbon management capabilities. The projects, funded by the 2021 Bipartisan Infrastructure Law, will expand carbon dioxide (CO2) transportation and storage infrastructure to help significantly reduce CO2 emissions from power generation and industrial operations. In addition, DOE announced the second opening of a five-year, $2.25 billion funding opportunity to provide for the continuous development of commercial-scale carbon storage infrastructure.
The nine projects were selected for a total of $242 million in funding to support the development of new and expanded large-scale, commercial carbon storage projects with capacities to securely store 50 or more million metric tons of carbon dioxide. Projects will focus on the detailed site characterization, planning, and permitting stages of project development under Phase III of FECM’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative. To ensure these projects center on communities, all applicants were required to submit Community Benefits Plans detailing how the project will advance quality jobs, environmental justice, and community partnership throughout project development.
The announcements included $9 million in additional funding to perform detailed engineering design studies for regional CO2 pipeline networks. The studies will develop innovative methods to transport captured CO2 efficiently and safely from key sources like power plants, ethanol facilities, and other industrial operations to locations that will either use the CO2 to manufacture long-lived products—such as carbon-based building materials, fuels, and chemicals—or for permanent storage.
For more information on the DOE’s work to advance carbon management technologies, visit here.
The nine projects were selected for a total of $242 million in funding to support the development of new and expanded large-scale, commercial carbon storage projects with capacities to securely store 50 or more million metric tons of carbon dioxide. Projects will focus on the detailed site characterization, planning, and permitting stages of project development under Phase III of FECM’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative. To ensure these projects center on communities, all applicants were required to submit Community Benefits Plans detailing how the project will advance quality jobs, environmental justice, and community partnership throughout project development.
The announcements included $9 million in additional funding to perform detailed engineering design studies for regional CO2 pipeline networks. The studies will develop innovative methods to transport captured CO2 efficiently and safely from key sources like power plants, ethanol facilities, and other industrial operations to locations that will either use the CO2 to manufacture long-lived products—such as carbon-based building materials, fuels, and chemicals—or for permanent storage.
For more information on the DOE’s work to advance carbon management technologies, visit here.
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