The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) last week announced it will make up to $24m available to support the transport of carbon dioxide (CO2) to locations for permanent geologic storage or conversion to useful products, according to a news release.
The CO2—captured from industrial and power generation facilities, as well as from legacy carbon dioxide emissions captured directly from the atmosphere—may be transported by any mode of transport such as pipelines, rail, trucks, barges, or ships, including any combination of transport modes. Made possible through President Biden’s Investing in America agenda, this effort supports the development of a large-scale carbon storage industry key to achieving the administration’s ambitious climate goal of a net-zero emissions economy by 2050.
