BP in line to receive funding to support the development of a large-scale carbon storage hub
US government backs BP’s Whiting storage project
DOE offers $98m to CO₂ storage project centred on oil major’s largest refinery
Oil major BP is in line to receive funding of $98m from the US government to support the development of a large-scale carbon storage hub around its Whiting refinery in Lake County, Indiana. Whiting is the largest refinery in the US Midwest and BP’s largest anywhere in the world, with a daily throughput of c.440,000bl of crude. The funding, which is subject to negotiation with the Department of Energy (DOE), forms part of a new support package totalling more than $444m, aimed at accelerating the development of the US carbon management sector. BP’s project, called Crossroads, is focused on the appraisal of potential storage facilities to decarbonise northern Indiana, northeastern Illinois, and
Also in this section
6 December 2023
Talks focus on two key provisions to Paris Agreement rules allowing international trade in emission reductions
4 December 2023
Oil and gas companies look to defy cynics and play pivotal role in decarbonisation as the UAE hosts COP28
4 December 2023
CCUS is under the spotlight at COP28 in Dubai as policymakers increasingly look to tap its potential to tackle hard-to-abate emissions
30 November 2023
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
