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US DOE grants $6m for Texas CO2 transport and storage project

Source: Update:2024-12-19 08:31:35 Author: Browse:45次

The US Department of Energy (DOE) has announced $6m in funding for a Texas-based project that will transport carbon dioxide (CO2) from onshore industrial and power generation facilities to offshore geologic storage sites.

Expected to connect several CO2 sources from industrial and power facilities around the Port of Corpus Christi to nearby offshore permanent storage sites, the project builds upon a pre-front-end engineering and design (FEED) study.

Now advanced, the developers will use the capital to carry out a further FEED to assess the project’s feasibility. Specifically, this will examine sites of the Mustang Island and Port Aransas North tracts in Texas state waters.

Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management, said that the country needs to build out the infrastructure to safely transport and store CO2 emissions.

“We are exploring a range of CO2 transport options based on regional requirements,” he said. “By investing in engineering and design studies that advance this critical planning, we are helping to ensure a safe and reliable CO2 transport system.”

In addition to the aforementioned project, the US DOE has also confirmed $48m in funding under the fourth opening of the Bipartisan Infrastructure Law funding opportunity to support regional CO2 transport networks that connect sources of CO2 to locations for geologic storage or conversion to value-added products.

Similarly, this capital will fund FEED studies of regional-scale CO2 transport projects that can improve system scale and efficiency and strengthen connectivity between key CO2 sources to centralised locations for storage or conversion.

CO2 emissions captured directly from the atmosphere may be transported by any mode of transport, such as pipelines, rail, trucks, barges, or ships, including any combination of transport modes.

According to the US DOE, the US needs to capture and permanently store approximately 400–1,800 million tonnes of CO2 annually to achieve Net Zero emissions economy by mid-century.

Sequestration vs. utilisation

While CO2 pipelines have been described as essential in removing emissions by some, others are more apprehensive and fear that they could hinder the traditional CO2 market.

Section 45Q of the US tax code offers tax credits for carbon capture and utilisation, providing up to $85 per tonne for sequestration and $60 per tonne for utilisation, with higher rates for direct air capture (DAC) projects – $180 for sequestration and $130 for utilisation.

Speaking to gasworld recently, Bruce Woerner of Woerner CO2 Consulting said that supply in the industrial CO2 market is diminishing, noting that there could be a potential 33% decrease in merchant supply over the next decade.

Recourse:Gasworld

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