New Hampshire Carbon Dioxide Storage and Secondary Recovery Unit Agreement

State:
Multi-State
Control #:
US-OG-950
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Word; 
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Description

This form is a carbon dioxide storage and secondary recovery unit agreement.

The New Hampshire Carbon Dioxide Storage and Secondary Recovery Unit Agreement is a legally binding arrangement that addresses the storage of carbon dioxide (CO2) and secondary recovery operations in the state of New Hampshire. This agreement aims to outline the terms and conditions relating to the storage and utilization of CO2, promoting environmental sustainability and economic growth. In terms of keywords, some relevant ones would be: 1. New Hampshire: Indicates the geographic location of the agreement, highlighting its jurisdiction and applicability within the state. 2. Carbon Dioxide: Refers to CO2, a greenhouse gas emitted through various industrial processes, including power generation, transportation, and manufacturing. 3. Storage: Signifies the containment of CO2 in designated underground formations, preventing its release into the atmosphere and mitigating its potential impact on climate change. 4. Secondary Recovery: Refers to the extraction of additional hydrocarbon resources, such as oil or natural gas, from depleted reservoirs or formations using injected CO2. 5. Unit Agreement: Suggests a formal arrangement between multiple parties involved in the project, typically including government agencies, energy companies, and stakeholders. Different types of New Hampshire Carbon Dioxide Storage and Secondary Recovery Unit Agreements could include specific agreements tailored to different regions or geological formations within New Hampshire. These agreements may vary in their terms and conditions, reflecting the unique characteristics and requirements of each site. Additionally, variations in the agreements may exist based on the purpose and scale of the project. For instance, agreements could be differentiated based on whether the focus is solely on CO2 storage or also includes secondary recovery operations. Overall, the New Hampshire Carbon Dioxide Storage and Secondary Recovery Unit Agreement is an essential framework that provides clear guidelines for the safe and effective utilization of CO2, fostering renewable energy development, and supporting sustainable economic growth within the state.

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FAQ

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.

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.

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.

Introduction. Carbon Capture and Utilization (CCU) processes aim to capture emitted CO2 and use it as feedstock for the production of other marketable products (e.g., fuels, plastic products, or minerals) [1].

The analysis suggests coal-sourced CO2 emissions can be stored in this region at a cost of $52?$60 ton?1, whereas the cost to store emission from natural-gas-fired plants ranges from approximately $80 to $90. Storing emissions offshore increases the lowest total costs of CCS to over $60 per ton of CO2 for coal.

There are a few commercial markets for captured CO2, such as in carbonated beverages or greenhouses that use piped-in CO2 to grow plants. And there are other, more speculative proposals to transform CO2 into valuable products like plastics and fuel.

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.

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.

More info

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New Hampshire Carbon Dioxide Storage and Secondary Recovery Unit Agreement