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The deployment of carbon capture and storage has received a huge boost courtesy of $2.4billion from the US Department of Energy (DOE) as part of the American Recovery and Reinvestment Act.
The money is to be split between a number of initiatives:
* - $800million will go towards the Clean Coal Power Initiative which provides government co-financing for new coal technologies that can help utilities cut sulphur, nitrogen and mercury pollutants from power plants.
* - $1.52billion will be used for a two-part competitive solicitation for large scale industrial carbon capture. These sources include cement plans, chemical plants, refineries, steel and more. The second part will include innovative concepts for beneficial carbon dioxide (CO2) reuse such as algae production.
Two industrial and innovative reuse projects will also be expanded in an effort to scale-up and field testing. These are the Ramgen modification which allows the testing of an existing advanced CO2 compression project that has the objective of reducing the time to commercialisation. This project will receive $20million. In addition, $70.6million will go to the Arizona Public Services Modification which will permit an algae based carbon mitigation project that will expand testing with a coal-based gasification system.
Around $50million will go towards funding a competitive solicitation to characterise a minimum of 10 geological formations throughout the USA; while $20million will be used to educate a future generation of geologists, scientists and engineers.
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I think most people would be surprised to know that coal currently provides half of the country’s electricity, with some states getting up to 95 percent of their electricity from coal. In addition to providing the country with reliable domestic energy, coal also keeps Americans at work. My team recently visited the Harriman Dispatching Center in Omaha, Neb., where 800 employees work around the clock to ensure the smooth operation of Union Pacific’s entire rail operation. See what we experienced yourself.
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