DOE Awards $575M for Carbon Capture and Storage Projects
OAKHURST, N.J. (DTN) -- The U.S. Department of Energy today announced it has
selected 22 projects that will accelerate carbon capture and storage research
and development for industrial sources to be funded with more than $575 million
from the American Recovery and Reinvestment Act. These projects complement the
industrial demonstration projects already being funded through the Recovery
Act.
According to the release, today's selections include projects from four
different areas of carbon capture and storage research and development:
large-scale testing of advanced gasification technologies is being awarded $312
million; advanced turbo-machinery to lower emissions from industrial sources is
being awarded $123 million; post-combustion CO2 capture with increased
efficiencies and decreased costs is being awarded $90 million and geologic
storage site characterization $50 million.
"This is a major first step forward in the fight to reduce carbon emissions
from industrial plants," said Energy Secretary Steven Chu. "These new
technologies will not only help fight climate change, they will create jobs now
and help position the United States to lead the world in clean coal
technologies, which will only increase in demand in the years ahead."
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