GHG Reduction Technologies Monitor Vol. 9 No. 31
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GHG Reduction Technologies Monitor
Article 8 of 10
August 22, 2014

Sen. Walsh Proposes Legislation to Fund 10 CCS Projects in 10 Years

By Abby Harvey

Abby L. Harvey
GHG Monitor
8/22/2014

Prior to leaving for summer recess, Sen. John Walsh (D-Mont.) proposed a bill which would fund the development of a minimum of 10 commercial-scale carbon capture and sequestration projects in the next 10 years. The bill, dubbed the “Ten in Ten Act,” would establish a fund in the treasury which would “be available without fiscal year limitation and without further appropriation.” The fund would be administered by the Secretary of Energy “to promote the establishment of not fewer than 10 commercial-scale carbon capture and sequestration units in the United States during the 10-year period beginning on the date of enactment,” the bill says.

The fund would be established with $10 billion “out of any funds in the Treasury not otherwise appropriated,” the bill says. Should the bill pass, that money would be used to provide grants or other forms of financial support to eligible CCS projects. These projects, the bill says, could be new-build coal-fired power plants, retrofit or upgraded coal-fired power plants or “nonmodular units that are larger than 250 megawatts and designed for integrated gasification combined cycle electric generation units.”

Eligible units under the bill must generate and sell electric power directly to consumers or for resale, use coal or petroleum coke for at least 75 percent of the fuel used by the units and transport the captured CO2 to a permanent geological storage site in the U.S., or to a site on the North American Continent, for use for hydrocarbon recovery processes such as enhanced oil recovery. Further, eligible units must have a projected lifespan of at least 15 years, generate at least 100 megawatts of electricity, capture at least 65 percent of CO2 emissions for sequestration and “apply to a diverse mix of coal ranks, generation systems, geographic locations, capture systems, and sequestration characterizations and systems, including saline sequestration, enhanced oil recovery, and other beneficial uses of carbon dioxide,” the bill says.

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