Indiana Carbon Dioxide Storage Agreement

State:
Multi-State
Control #:
US-OG-949
Format:
Word; 
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Description

This form is a carbon dioxide storage agreement.
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FAQ

The projects will focus on carbon transport costs, transport network configurations, and technical and commercial considerations that support broad efforts to develop and deploy carbon capture, conversion, and storage at commercial scale. Funding of up to $3 million per FEED study is expected.

There's also a special price for CO2 pulled directly from the atmosphere?a much more expensive process than capturing carbon from a smokestack. For CO2 captured via ?direct air capture,? Section 45Q pays $180 for every ton stored in the ground and $130 when it's used for EOR.

What is carbon capture, utilisation and storage (CCUS)? CCUS involves the capture of CO2, generally from large point sources like power generation or industrial facilities that use either fossil fuels or biomass as fuel.

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.

CO2 transport and storage costs vary regionally. Key variabilities are distance, scale, monitoring, geology, and pipeline costs. We find CO2 transport and storage costs range from $4 to 45/tCO2. CCS deployment is more sensitive to transport and storage costs in some regions.

The CCS Directive lays down extensive requirements for the selecting sites for CO2 storage. A site can only be selected if a prior analysis shows that, under the proposed conditions of use, there is no significant risk of leakage or damage to human health or the environment.

Section 14-39-2-5 - Authorization of carbon sequestration projects (a) Carbon sequestration projects are authorized in Indiana for the purposes of: (1) injecting carbon dioxide into the pore space of an underground storage facility through at least one (1) carbon dioxide injection well pursuant to a UIC Class VI permit ...

They range between $100-$5,000. This greatly depends on the type and size as explained below. The CO2 tank by CryoFX can be sold in either steel or aluminum with or without siphon tubes. The CO2 tanks are offered in a variety of shapes and sizes which include: 20 lb., 35 lb., 50 lb., 75 lb., 100lb and 135lb.

Carbon capture and storage (CCS) costs depend on the process type, capture technology, carbon dioxide (CO2) transport, and storage location. CO2 capture costs are projected to range from CAD 27?48/tCO2 for processes with concentrated CO2 streams to CAD 50?150/tCO2 for diluted gas streams.

Section 14-39-2-5 - Authorization of carbon sequestration projects (a) Carbon sequestration projects are authorized in Indiana for the purposes of: (1) injecting carbon dioxide into the pore space of an underground storage facility through at least one (1) carbon dioxide injection well pursuant to a UIC Class VI permit ...

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Indiana Carbon Dioxide Storage Agreement