September 12, 2024
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OIL & GAS RENEWABLE ENERGY

US DoE to Fund 9 Carbon Capture Projects with $44.5MM

The U.S. Department of Energy’s (DOE’s) Office of Fossil Energy and Carbon Management (FECM) announced the selection of nine university and industry-led to advance commercial-scale carbon capture, transport, and storage across the USA. The projects will receive $44.5 million in federal funding to help them grow, the DoE said in a press release.

The selected projects will establish partnerships that include stakeholders with extensive technical, managerial, regulatory, and business expertise specific to carbon transport and storage.

The statement further explained that the regional partnership projects will accelerate the understanding of specific geologic basins to enable the permanent storage of carbon dioxide emissions from industrial operations and power plants, as well as from legacy emissions in the atmosphere.

According to the release, the partnerships will provide technical, informational, and educational assistance to stakeholders involved in DOE and private sector-based carbon transport and storage projects located throughout the country, as well as to communities where these projects are located.

The nine selected project teams are: Memorial Institute (Columbus, Ohio); Board of Trustees of the Leland Stanford Junior University (Stanford, California); Carbon Solutions LLC (Okemos, Michigan); Texas Tech University (Lubbock, Texas); University of North Dakota Energy & Environmental Research Center (Grand Forks, North Dakota); The University of Texas at Austin (Austin, Texas); The University of Utah (Salt Lake City, Utah); University of Wyoming (Laramie, Wyoming); and Western Michigan University (Kalamazoo, Michigan).

The teams will perform technical assistance designed to reduce project costs and risks, improve monitoring effectiveness, build strategies for engaging with communities, and provide data to support permitting, policy development, and rulemaking.

Each project will receive DOE funding of $5 million or an amount close to it.

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