DOE Offers $1.3b Grants For Carbon-Capture Plants
Under a Department of Energy program, a $1.3 billion in grants are available for large-scale carbon capture and sequestration (CCS) demonstration projects at industrial sources and chemical plants - sources for greenhouse gas.
Previously, funding of CCS projects by Department of Energy was focused on coal-fired electric power generators, although 19% of US greenhouse gas emissions came from industrial sources. DOE says that initially, electricity generators, would receive the grants.
For the grants, DOE targets projects that are designed to capture 1 million tons per annum of CO2 per plant by 2015.
The DOE informed that it also provides $100 million in funding for demonstrations of beneficial uses of carbon dioxide, such as conversion to chemicals or fuel.
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