A giant geological carbon capture and sequestration (CCS) hub in Louisiana has begun the process of obtaining a Class VI Underground Injection Control permit from the U.S. Environmental Protection Agency (EPA). The project in Lake Charles would have the capacity to capture and sequester 2,700,000 metric tons of CO2 per year, which makes it the biggest such hub in the country to date.
The Gulf Coast Sequestration (GSC), owned by Matilda Stream Management will develop the CCS site.
The project relies on years of data collection and geo analysis that determined the location is suited for a CCS hub of such scale.
“This filing is a long time coming and an exciting moment for GCS,” said Gray Stream, President of Matilda Stream Management. “We have done our homework, and our permit application reflects our commitment to robust environmental compliance.”
A new bill was passed last year to establish programs for carbon capture, transport, utilization, and storage in Louisiana. Named the storing CO2 And Lowering Emissions or SCALE Act, it was the first and most comprehensive CO2 infrastructure package to be introduced in Congress.
Benjamin Heard, Principal of GCS, said the company sees CCS technology as the best way to tackle industrial gas emissions.
The project’s location is near one of the country’s biggest industrial corridors and GCS intends to work with industrial clients to capture carbon dioxide and store it safely underground.
Both technology investments and recent government policies have incentivized industry players to install CCS hubs at their facilities and reduce their harmful emissions.
The Inflation Reduction Act (IRA) increased tax credits for carbon capture, utilization and storage (CCUS) projects by 70%. The bill, which was released this summer by the United States Senate, secures a record-breaking $369 billion in funding for clean energy and climate provisions.