Delek's Big Spring Refinery Chosen for $95 Million DOE Carbon Capture Pilot Project
(Reuters) — Delek US Holdings said on Friday the U.S. Department of Energy has selected its Big Spring refinery for a pilot carbon capture project and would provide up to $95 million of federal funding to support its development.
Carbon capture is a process through which carbon dioxide generated from industrial activity is stored underground. It is key to the climate strategy of President Joe Biden's administration, which has pledged to halve the greenhouse gas emissions by 2030.
Dozens of U.S. carbon capture projects have been proposed to take advantage of the Federal 45Q tax credits provided under the Inflation Reduction Act.
Other nations have also put their weight behind the novel technology that still remains expensive and unproven at scale.
Delek said the project aims to capture 145,000 metric tons of carbon dioxide per year and reduce other health-harming pollutants.
The U.S. refiner had previously invested in two carbon capture start-ups. It also acquired 3Bear, which has a sequestration well permit in the U.S.
Related News
Related News
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- 208-Mile Mississippi-to-Alabama Gas Pipeline Moves Into FERC Review
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Comments