US DOE announces over US$44 million for CO2 storage projects
Published by Francesca Brindle,
Editorial Assistant
Hydrocarbon Engineering,
The US Department of Energy’s (DOE) Office of Fossil Energy (FE) has announced that 16 carbon storage projects have been selected to receive more than US$44 million for cost shared research and development (R&D). The funding is part of DOE’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative, which seeks to help mitigate carbon dioxide (CO2) emissions from the burning of fossil fuels.
Projects selected as part of this initiative will address key research gaps in the path toward the deployment of carbon capture and storage (CCS) technologies, including the development of commercial scale (50+ million ton of CO2) geologic storage sites for CO2 from industrial sources. These sources, such as cement and iron and steel production, currently account for an estimated 21% of US carbon emissions.
“CCS will play a very important role as the world moves toward a lower carbon economy,” said Lynn Orr, DOE’s Under Secretary for Science and Energy. “The US must continue a leadership role in the development and deployment of CO2 storage technologies as a key element of a diversified energy economy. The funding announced today through the CarbonSAFE initiative will help to address technical barriers to commercial scale carbon storage as worldwide demand for these types of clean energy solutions continues to rise.”
The selected projects will build on the lessons learned from FE’s Regional Carbon Sequestration Partnerships’ (RCSP) large scale field projects while considering the next set of technical challenges for carbon storage. These and other CCS efforts enable industries to continue operation while emitting fewer greenhouse gases. This effort will also promote R&D to ensure that storage is safe, cost effective, and environmentally sustainable.
The selected projects under CarbonSAFE aim to develop integrated CCS complexes that are constructed and permitted for operation in the 2025 timeframe over a series of sequential phases of development: integrated CCS pre-feasibility, storage complex feasibility, site characterisation, permitting and construction. The selections announced apply to the first two of those phases.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/01122016/us-doe-announces-over-us44-million-for-co2-storage-projects/
You might also like
Low US distillate consumption reflects slow economic activity and biofuel substitution
The EIA reports that US distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the US West Coast (PADD 5).