DOE Commits New $45M Funding For CO2 Management Solutions

DOE Commits New $45M Funding For CO2 Management Solutions - Carbon Herald

The U.S. Department of Energy (DOE) has pledged more than $45 million in federal funding for nine projects aimed at advancing carbon dioxide capture technologies and laying the groundwork for a thriving CO2 transport and storage industry in the United States.

These projects will play a crucial role in accelerating the deployment of carbon capture, utilization, and storage (CCUS) technologies, which are essential for reducing greenhouse gas emissions and combating climate change.

The funding, which is being provided through the DOE’s Office of Fossil Energy and Carbon Management (FECM), is a significant investment in the development and implementation of sustainable solutions that will benefit both the environment and the economy.

Relevant: DOE Carbon Storage Program Announces Third Round Of Funding With $2.25B Available

The DOE funding will support various projects aimed at developing cost-effective and highly efficient technologies for capturing CO2 from both power and industrial facilities.

These projects include the efforts of GTI Energy, Membrane Technology and Research, Inc., Ohio State University, the University of Kentucky Research Foundation, Calpine California CCUS Holdings, LLC, Susteon Inc., Battelle Memorial Institute, and Overseas Shipholding Group, Inc.

The chosen projects will be overseen by the Office of Fossil Energy and Carbon Management (FECM) within the DOE’s National Energy Technology Laboratory (NETL)

Some of the selected projects will focus on capturing carbon from industries such as cement, steel, and glass, as well as from natural gas power plants. The captured CO2 will either be stored permanently in geologic formations or converted into long-lasting products.

Read more: Three Carbon Capture And Storage Projects Selected To Receive $890M From DOE

Additionally, the funding will also be used to accelerate the deployment of multi-modal transport of CO2 through the creation of transportation hubs.

By investing in carbon management solutions, the DOE aims to not only mitigate the effects of climate change but also deliver a healthier environment and economic opportunities for communities and workers.

This funding is crucial to meeting the Administration’s ambitious climate goal of achieving a net-zero emissions economy by 2050.

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