Chu Announces $1 B Investment in Industrial CCS Friday, June 11, 2010

News - Research    - Government - Climate Change

Yesterday, DOE Secretary Steven Chu announced that three projects have been selected to receive up to $612 million from the American Recovery and Reinvestment Act - matched by $368 million in private funding - to demonstrate large-scale carbon capture and storage from industrial sources. 

The projects were initially selected in October 2009 for phase one research and development grants.  Following successful completion of their Phase 1 activities, these three projects were identified as the most promising industrial CCS projects and will now enter into Phase 2 with additional funding to begin design, construction, and operation.

Phase II Large-scale Industrial Carbon Capture and Storage selections include:

    * Leucadia Energy, LLC (Lake Charles, LA)- DOE share: $260 million

    * Air Products & Chemicals, Inc. (Port Arthur, TX)- DOE share: $253 million

    * Archer Daniels Midland Corporation (Decatur, Ill.)- DOE share: $99 million

For further information, please visit the DOE website at: http://www.energy.gov/news/9065.htm

Congratulations to Air Products and the other CURC members involved in these projects! 

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