Illinois Carbon Dioxide Storage and Secondary Recovery Unit Agreement, often referred to as the Illinois CO2 Storage and Secondary Recovery Unit Agreement, is a legal contract outlining the terms and conditions for the use and management of carbon dioxide (CO2) storage and secondary recovery units in the state of Illinois. This agreement aims to regulate the utilization of CO2 for enhanced oil recovery (FOR) operations, which involve injecting CO2 into depleted oil reservoirs to extract additional oil and efficiently store CO2 underground. The primary objective of the Illinois CO2 Storage and Secondary Recovery Unit Agreement is to facilitate the development and operation of CO2 storage and FOR projects in a manner that ensures safety, environmental protection, and resource conservation. The agreement governs the relationships between various stakeholders, including operators, owners, landowners, regulatory authorities, and other interested parties involved in these projects. This comprehensive agreement outlines procedures for obtaining permits, licenses, and other necessary approvals for drilling, operating, and managing CO2 storage and secondary recovery units in Illinois. It also defines the responsibilities of operators, including reporting requirements, monitoring, and financial assurances to cover any potential liabilities associated with these operations. Different types of Illinois Carbon Dioxide Storage and Secondary Recovery Unit Agreements may exist based on specific project requirements, location, ownership structure, and intended use of CO2. Some common types of agreements include: 1. General Illinois CO2 Storage and Secondary Recovery Unit Agreement: This is a standard agreement that covers the basic requirements and guidelines for CO2 storage and secondary recovery projects in Illinois. 2. Specific Illinois CO2 Storage and Secondary Recovery Unit Agreement: This agreement is customized for a particular CO2 storage or secondary recovery project, taking into account the specific geological conditions, operational needs, and contractual arrangements with relevant parties. 3. Illinois CO2 Storage and Secondary Recovery Unit Agreement for Public-Private Partnerships (PPP): These agreements involve collaboration between public and private entities to implement CO2 storage and secondary recovery projects. The agreement may address complex ownership, funding, and liability arrangements associated with such partnerships. 4. Illinois CO2 Storage and Secondary Recovery Unit Agreement for Research and Development (R&D): This type of agreement focuses on facilitating scientific research and development activities related to CO2 storage and secondary recovery, allowing for the testing and demonstration of new technologies and methodologies. It is important for all stakeholders involved in CO2 storage and secondary recovery projects in Illinois to adhere to the Illinois Carbon Dioxide Storage and Secondary Recovery Unit Agreement to ensure compliance with applicable laws, regulations, and best practices. These agreements contribute to the sustainable and responsible utilization of CO2 resources while minimizing environmental impacts and maximizing the economic benefits for the state of Illinois.
Illinois Carbon Dioxide Storage and Secondary Recovery Unit Agreement
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Creates the Carbon Dioxide Geologic Storage Act. Provides that the Act applies to carbon dioxide injections that commence on or after January 1, 2021. Provides that a storage operator may not operate a storage facility without a reservoir permit issued by the Department of Natural Resources.
Usually the CO2 is captured from large point sources, such as a chemical plant or biomass plant, and then stored in an underground geological formation. The aim is to reduce greenhouse gas emissions and thus mitigate climate change.
This Act ensures a permanent storage of CO2 in underground rock layers in a way that protects humanity and the environment and takes the responsibility for future generations into consideration.
Creates the Underground Carbon Dioxide Storage Act. Provides that the Act applies to the underground storage of carbon dioxide but does not apply to extractable mineral resources, and the rights and requirements of the Act are subordinate to the rights pertaining to oil, gas, and coal resources.
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.