The US released around 5.5 billion metric tonnes of CO₂ in 2021. Credit: petrmalinak via Shutterstock.

The US Department of Energy has announced plans to invest $251m in infrastructure projects to reduce CO₂ emissions from power generation and industrial operations.

Under the US President Joe Biden’s Bipartisan Infrastructure Law, the capital will support 12 projects across seven states.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The projects are aimed at capturing, transporting, and converting or permanently storing CO₂ to help tackle climate change.

Nine projects will receive combined funding of $242m to advance large-scale carbon storage initiatives, enabling them to securely store 50 million metric tonnes (mmt) or more of CO₂.

Citing the Environmental Protection Agency, AP reported that the US released around 5.5 billion metric tonnes of CO₂ in 2021.

See Also:

The remaining funding will go towards three projects that will study transportation methods for captured CO₂ from power plants, ethanol facilities, and industrial sites to locations where it can be used for long-lasting products or stored permanently.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Oil giant bp and several universities are among the awardees.

bp has received $33.41m for two commercial-scale storage sites along the Texas Gulf Coast with the capacity to store up to 15mmt of CO₂ annually.

US Secretary of Energy Jennifer Granholm said: “Thanks to historic clean energy investments, DOE is building out the infrastructure needed to slash harmful carbon pollution from industry and the power sector, revitalise local economies, and unlock enormous public health benefits.”

In a separate development, UK’s North Sea Transition Authority (NSTA) awarded 20 carbon storage licences at offshore sites to 12 companies.