United States: $890 Million for Carbon Capture

The United States is investing heavily in carbon capture and storage, allocating $890 million to three major projects aimed at reducing CO2 emissions and moving towards a net-zero emissions economy.

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The U.S. Department of Energy’s Office of Clean Energy Demonstrations has announced funding of up to $890 million for three projects under its Carbon Capture Demonstration Program. This program, with total funding of $2.5 billion from the Bipartisan Infrastructure Act, aims to support the implementation of carbon management technologies.

Project location and potential

The projects are located in Texas, North Dakota and California. Together, they have the potential to prevent the emission of 7.75 million metric tons of CO2 per year, equivalent to the annual emissions of 1.7 million gasoline-powered cars.

DOE Strategy and Emission Reduction Objectives

The DOE presents carbon capture as a necessary tool to achieve the Biden administration’s goal of a net-zero emissions economy. The department estimates that between 400 million and 1.8 billion metric tons of CO2 will need to be captured and stored annually by 2050 to meet this target.

Details of Selected Projects

– Baytown project in Texas: emissions capture at the Baytown Energy Center, with a federal cost-share of up to $270 million.
– Tundra Project in North Dakota: Capturing emissions from the Milton R. Young Station coal-fired power plant, with a federal cost-share of up to $350 million.
– Sutter Decabornization Project in California: Capturing emissions from the Sutter Energy Center, a natural gas-fired combined-cycle power plant, with a federal shared cost of up to $270 million.

These major investments in carbon capture and storage illustrate the United States’ commitment to reducing CO2 emissions and transitioning to a sustainable economy. These projects, led by key players such as Calpine, demonstrate the growing importance of carbon capture technology in the energy sector.

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