Issue Date: June 21, 2010
Industry Gets Funds For Carbon Capture
The Department of Energy announced it would provide $612 million—to be matched by $368 million in private funding—for three projects to capture and sequester CO2 from industrial sources of greenhouse gases. The projects are large-scale, DOE notes, and are expected to be on-line by 2012 to 2014. Funded projects include a new methanol plant in Lake Charles, La., run by Leucadia Energy, which will capture 4.5 million tons of CO2 per year.
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