In Texas, CapturePoint has closed on a private Section 45Q direct transfer tax credit transaction for carbon dioxide (CO2) captured at the company’s Arkalon facility near Liberal, Kansas and utilized for Carbon Dioxide Enhanced Oil Recovery (CO2-EOR) operations in the panhandles of Oklahoma and Texas. The CapturePoint Arkalon CO2 capture facility has the capacity to […]
In California, Alto Ingredients, Inc. has entered into an exclusive nonbinding letter of intent and is nearing the execution of definitive agreements to develop a carbon capture and storage (CCS) project with Vault 44.01 (Vault) at Alto’s Pekin campus in Pekin, IL. The letter of intent provides that Alto will install equipment to capture carbon […]
In Washington, the Congressional Budget Office examined the status, federal support, and future potential of carbon capture and storage (CCS) in a new report. CCS is used to only a small extent today; various factors will affect the degree to which it is used in the future. Status of Carbon Capture and Storage. Fifteen CCS […]
