Illinois Basin 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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Illinois,Indiana,Kentucky
Equity Owner
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Proponent
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Board of Trustees of the University of Illinois
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: $2,9m; Non-DOE Funding: $0,8m; Total Value: $3,7m
Technology
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Technical Advisors
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Advisors
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Project Contact
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Chinmoy Baroi, Program Director, University of Illinois Prairie Research Institute
Lawyers
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Project Cost
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$ 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 Board of Trustees of the University of Illinois is leading an effort to promote technologies that can capture carbon dioxide from the atmosphere. The effort includes the development of a DAC hub in the Illinois Basin, a proven geological storage strata stretching under Illinois, Indiana, and Kentucky.
The Illinois Basin 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.