US eyes funding to scale up CO₂ transport system
Buildout of infrastructure over next decade needed to keep pace with rapid growth of country’s CCS sector
The US Department of Energy (DOE) has signalled its intent to offer funding to support the expansion of CO₂ transportation infrastructure to meet “rapidly growing” demand from the country’s CCS industry. The DOE expects to issue a funding opportunity announcement in the fourth quarter of 2023. The funding would be made available through the Bipartisan Infrastructure Law for DOE’s CO₂ Transportation Infrastructure Finance and Innovation Future Growth Grants programme. The US’ carbon transport system is already of significant scale—including multiple methods such as truck, freight, and pipelines that together transport c.60m t/yr of CO₂. But CCS projects in the US are predicted to capture and
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation