Corbin Hiar of E&E News reports that the Department of Energy has awarded $1 billion for two carbon removal projects.
- Occidental and Battelle Memorial Institute will build two carbon removal projects that are expected to capture two million metric tons of CO2 per year.
- Occidental’s facility will be a 166 acre farm near Corpus Christi, Texas while Battelle will build Project Cyprus in Louisiana.
- The funding for these projects was a part of the bipartisan infrastructure act that appropriated money for four direct air capture plants.
- This announcement is important to spurring more private sector investment in direct air capture technology.
“The Energy Department on Friday also said it would provide nearly $100 million in matching funds to 19 other DAC hub proposals, with some projects receiving up to $12.5 million. Focused on regions stretching from Alaska to Florida, they are being led by corporate giants like Chevron Corp. and Siemens Energy Inc., and academic institutions such as Arizona State University and the University of Kentucky.”
Read the full article here.
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