Biden Invests $251M to Expand Infrastructure to Support CO2 Transport and Storage
The U.S. Department of Energy (DOE) announced $251 million to support 12 selected projects across seven states that will bolster the nation’s carbon management capabilities as part of President Biden’s Investing in America agenda.
According to DOE, 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.
Three projects were selected for a total of $9 million in funding to perform detailed engineering design studies for regional CO2 pipeline networks. The studies will develop innovative methods to efficiently and safely transport captured CO2 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. Projects will focus on carbon transport costs, transport network configurations, and technical and commercial considerations that support broad efforts to develop and deploy carbon capture, conversion, and storage at commercial scale.
Full applications are due by July 6, 2023.
