Idaho Carbon Dioxide Storage Unit Agreement

State:
Multi-State
Control #:
US-OG-953
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Word; 
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Description

This form is a carbon dioxide storage unit agreement.

Idaho Carbon Dioxide Storage Unit Agreement is a legally binding agreement that outlines the terms, conditions, and responsibilities surrounding the storage and management of carbon dioxide (CO2) within the state of Idaho. This agreement is crucial in facilitating the storage and sequestration of CO2, a greenhouse gas that contributes to climate change, in a safe and environmentally friendly manner. The Idaho Carbon Dioxide Storage Unit Agreement aims to establish a framework for the proper injection, monitoring, and long-term storage of CO2 in designated storage units within the state. These storage units are typically deep saline aquifers or depleted oil and gas reservoirs, which have the necessary geological characteristics to securely store the captured CO2. Through this agreement, various stakeholders collaborate, including state and federal agencies, industry participants, and environmental organizations. It sets guidelines and standards for the storage unit construction, monitoring protocols, measurement techniques, and reporting requirements. The agreement also outlines the financial responsibilities, liability, and indemnification provisions among the parties involved. Different types of Idaho Carbon Dioxide Storage Unit Agreement may exist based on specific project requirements or geological features. They could include agreements for different storage unit locations, capacities, or injection rates. Additionally, separate agreements might be necessary for distinct phases of a carbon capture and storage (CCS) project, such as the exploration and characterization phase, the injection and operation phase, and the post-injection monitoring and closure phase. Key factors highlighted in the Idaho Carbon Dioxide Storage Unit Agreement include the protection of underground sources of drinking water, the prevention of CO2 leakage, the assurance of long-term storage integrity, and the overall compliance with state and federal greenhouse gas regulations. The agreement also emphasizes the importance of public engagement, stakeholder involvement, and transparency throughout the entire process. Ultimately, the Idaho Carbon Dioxide Storage Unit Agreement plays a vital role in promoting sustainable carbon management solutions, mitigating climate change impacts, and facilitating the transition to a low-carbon future.

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CO2 is transported, stored and handled in liquid form, either at ambient temperature (in cylinders or non-insulated storage tanks at a pressure of 45-65 bar) or refrigerated (in insulated tankers and storage tanks) at temperatures between -35 °C and -15 °C and pressures of 12 to 25 bar.

Carbon dioxide (CO2) can be stored underground as a supercritical fluid. Supercritical CO2 means that the CO2 is at a temperature in excess of 31.1°C (88ºF) and a pressure in excess of 72.9 atm (about 1,057 psi); this temperature and pressure defines the critical point for CO2.

OSHA has established a Permissible Exposure Limit (PEL) for CO2 of 5,000 parts per million (ppm) (0.5% CO2 in air) averaged over an 8-hour work day (time-weighted average orTWA.)

HS Code 281121 - Tariff Classification of - Carbon dioxide.

Storage in deep geological formations is also known as 'geo-sequestration'. In this technique, CO2 is converted into a high pressure, liquid-like form known as 'supercritical CO2'. Supercritical CO2 behaves like a runny liquid, a bit like WD40, and is injected directly into sedimentary rocks.

A NEW carbon capture process has been developed that turns carbon dioxide gas into solid carbon that is easier to store.

CO2 is transported, stored and handled in liquid form, either at ambient temperature (in cylinders or non-insulated storage tanks at a pressure of 45-65 bar) or refrigerated (in insulated tankers and storage tanks) at temperatures between -35 °C and -15 °C and pressures of 12 to 25 bar.

How can CO2 be stored underground? Compressed CO2 can be injected into porous rock formations below the Earth's surface using many of the same methods already used by the oil and gas industry. The three main types of geological storage are oil and gas reservoirs, deep saline formations, and un-minable coal beds.

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Idaho Carbon Dioxide Storage Unit Agreement