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Uncertain economic returns and federal tax credit duration put at risk proposed project of six big oil firm developers, set to be the world’s largest, says energy sector research firm Wood Mackenzie.
To mitigate CO2 emissions, India is drafting a Carbon Capture, Utilisation, and Storage (CCUS) policy. It will not only facilitate decarbonization efforts but can potentially kickstart a $10 billion industry in next five years, by using captured carbon to make chemicals, among other uses.
Gillette coal-fired power plant would deploy firm's innovative technology for blue hydrogen also expandable to other Powder River Basin plants, state said, despite advocates push for cleaner green hydrogen.
Aker Solutions secures contract for Oslo CO2 terminal
CCUS is an essential lynchpin for energy security and a critical tool for reducing emissions from traditional, hard to decarbonize energy sources.