The Department of Energy is making up to $500 million available to boost pipeline projects and other infrastructure needed to transport carbon dioxide.
The funding opportunity announcement Thursday is intended for projects — including pipelines, rail, trucks, barges and ships — that connect two or more CO2-emitting sources to sequestration sites. In a news release, DOE said it is interested in projects sited in different regions that will provide increased understanding of transportation costs and network configurations, along with “technical, regulatory, and commercial considerations.”
“Making investments in additional transportation capacity now allows us to plan ahead for future growth and take advantage of economies of scale, resulting in significant monetary and environmental benefits by avoiding unnecessary future construction of separate, redundant transport networks,” Brad Crabtree, DOE’s assistant secretary of fossil energy and carbon management, said in a statement announcing the funding opportunity.
The money for the Carbon Dioxide Transportation Infrastructure Finance and Innovation future growth grants comes from the bipartisan infrastructure law. Specific projects will be announced at a later date.
