New 45Q tax credit for CCS could stimulate ethanol plants to invest

In the Midwest, the Great Plains Institute believes the new 45Q tax credit for carbon capture and storage could be a major incentive for ethanol plants to invest in CO2 capture as well as infrastructure such as pipelines to transport it, either for underground storage or to petroleum companies. The institute believes the ethanol industry could be the first to nearly decarbonize using this technology, which would improve its overall carbon footprint as well, in addition to securing tax credits.