Florida Regional DAC Hub
USA
Announced
Overview
Status
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Announced
Region
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North America
Geography
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USA
State
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Florida
Equity Owner
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Proponent
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University of Illinois Prairie Research Institute
Output
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Direct air capture
Type of electricty
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Capacity
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Financing
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DOE Funding: $2,7m; Non-DOE Funding: $0,7m; Total Value: $3,5m
Technology
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Technical Advisors
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Advisors
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Project Contact
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Chinmoy Baroi, Program Director, University of Illinois Prairie Research Institute
Lawyers
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Project Cost
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$ 1bn
Offtaker
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Commercial Operations Date
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Decommission Date
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FID
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Description
The Florida Regional DAC Hub is a potential collaboration between DAC technology providers, green energy providers, CO2 transportation networks, and companies seeking to pump CO2 underground or use it in industrial processes.
It is championed by the Board of Trustees of the University of Illinois, which is promoting technologies that can capture CO2 from the atmosphere and store it underground in the Tuscaloosa Group (thick, permeable saline aquifers 4,920 to 7,050 feet deep).
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.