CO2 DIRECT-AIR CAPTURE: 4 New Carbon Removal Hubs...Funding Announcement “in the fourth quarter of Fiscal Year 2022.”

Intro: The funding comes from the Bipartisan Infrastructure Law passed last year and is supposed to be deployed between 2022 and 2026.

The Biden administration is billing this effort as part of its plan to reduce the United States’ greenhouse gas emissions by at least 50% this decade compared to 2005 pollution levels.

The Department of Energy to dole out $3.5 billion for carbon removal hubs

Deploying the new climate tech will be a huge undertaking

         

(Intake fans on collector containers at the ‘Orca’ direct air capture and storage facility, operated by Climeworks AG, in Hellisheidi, Iceland, on Tuesday, Sept. 7, 2021. )

 

By Justine Calma@justcalma May 19, 2022, 5:46pm EDT

The Verge |

The Department of Energy (DOE) just launched a new $3.5 billion program to take carbon dioxide out of the atmosphere and store it away. The program focuses on developing four “hubs” across the country focused on direct air capture, the technology that draws CO2 out of the air.

Each of the hubs is ultimately supposed to be able to capture and store at least a million metric tons of CO2. That’s a massive endeavor. Currently, all the direct air capture facilities in the world only have the capacity to capture about 0.01 million metric tons of CO2.

Today, the DOE filed a Notice of Intent— a kind of official “heads-up” — that says that they’ll be making a funding announcement related to those hubs “in the fourth quarter of Fiscal Year 2022.” At that point, companies can apply for funds to develop projects that will “contribute to the development” of those hubs.The funding comes from the Bipartisan Infrastructure Law passed last year and is supposed to be deployed between 2022 and 2026. The Biden administration is billing this effort as part of its plan to reduce the United States’ greenhouse gas emissions by at least 50 percent this decade compared to 2005 pollution levels.

For projects to be eligible for the funding, they have to meet certain criteria. . .

 

> The plan is for at least two of the hubs to be located in “economically distressed communities in the regions of the United States with high levels of coal, oil, or natural gas resources.” Some advocates from communities already surrounded by a lot of polluting facilities, however, are wary about carbon removal projects burdening them with even more industrial infrastructure. The DOE said in its announcement that it would consult communities that might be affected.

The DOE will also be looking for regions with other kinds of heavily polluting industry. While this round of funding excludes similar technologies that scrub CO2 out of smokestack emissions instead of the ambient air, siting these different technologies near each other might also allow them all to share the same pipelines to cut down costs. And since the oil and gas industry has experience with building pipelines, including those for CO2, having that expertise nearby could come in handy during the build-out of these hubs.

Taking all that into consideration, it looks like the Gulf Coast could be a prime candidate for such hubs since it has a long history with oil, gas, and petrochemicals. On top of that, there’s already speculation that oil and gas companies are eyeing the bottom of the Gulf of Mexico as a place to deposit captured CO2. We’ll likely learn more about the project in the funding announcement later this year."