Welcome to the New World of 45Q
The adoption by Congress of the FUTURE Act in February was a major step toward ensuring that carbon capture, utilization and storage (CCUS) can be an important tool in the kit for addressing global warming.
Two Carbon Capture Projects: A Deeper Look
Two carbon capture projects made headlines in 2017. The Petra Nova project at NRG’s Texas Parish coal-fired power plant began capturing CO2 in January. Petra Nova was built on time and on budget, and is on is on track to capture 1.6 million tons of CO2 each year. More recently, Southern Company announced that the Kemper plant in Mississippi would no longer burn coal, and would cease capturing the coal plant’s CO2 emissions. Now Kemper will burn natural gas without CO2 controls.
Taking Carbon Capture to the Next Level
Imagine a world where there is broad bi-partisan support in Congress for legislation that would drive the development and deployment of a technology that’s crucial for combating global warming and, at the same time, creating a near-zero-carbon path forward for fossil fuels.