Colorado (Pueblo) Regional DAC Hub

Overview

Status

Announced

Region

North America

Geography

USA

State

Colorado

Equity Owner

Proponent

Board of Trustees of the University of Illinois

Output

Direct air capture

Type of electricty

Capacity

Financing

DOE Funding: $2,9m; Non-DOE Funding: $0,7m; Total Value: $3,7m

Technology

Technical Advisors

Advisors

Project Contact

Chinmoy Baroi, Program Director, University of Illinois Prairie Research Institute

Lawyers

Project Cost

$ 1bn

Offtaker

Commercial Operations Date

Decommission Date

FID

Description

The Board of Trustees of the University of Illinois is leading an effort to promote technologies that can capture CO2 from the atmosphere and store it underground. The program includes the development of a DAC hub built upon previous geological studies conducted on the Denver-Julesburg Basin.

The Colorado Regional DAC Hub intends to develop cooperative relationships between DAC technology providers, green energy providers, CO2 transportation networks, and companies seeking to pump CO2 underground or use it in industrial processes.

As of August 2024, DAC business developers at the university were seeking $500m in private investment for the hub. The US DOE is expected to match the $500m.

August 12, 2024

Exclusive: DAC hub developers seeking $1.5bn in private funding

Direct air capture business developers at the University of Illinois Prairie Research Institute are seeking $500m for each of three proposed DAAC hubs across the US, program director Chinmoy Baroi...