Ethanol could get boost from carbon capture credits in Biden climate law
IRA는 CCS 장비를 소유하고 운영하는 기업들이 지하에 저장된 포획된 탄소의 경우 톤당 50달러에서 최대 85달러까지, 다른 제조 공정이나 석유 회수를 위해 사용되는 포획된 탄소의 경우 톤당 최대 35달러까지 수집할 수 있도록 합니다. 확대된 크레딧의 혜택을 받을 수 있는 프로젝트 중 하나는 중서부에서 에탄올 공장 배출을 포착하고 운송하기 위해 제안된 파이프라인 네트워크입니다. 아이오와에 본사를 둔 Summit Carbon Solutions의 자회사인 Summit Carbon Solutions, Alberta에 본사를 둔 Wolf Midstream의 자회사인 Wolf Carbon Solutions, 그리고 Texas에 본사를 둔 Navigator Energy Services의 자회사인 Navigator CO2 Ventures 등 3개 회사는 6개 주에 걸쳐 에탄올 공장에서 미국까지 3,600마일(5,800km) 이상의 파이프라인을 가동하기를 희망하고 있습니다.지하 저장소 사이트입니다. 회사 웹사이트에 따르면 이 프로젝트는 연간 3,900만 톤의 탄소를 포획할 수 있으며, 잠재적으로 33억 달러 이상의 세금 공제를 받을 자격이 있습니다. 로이터 통신에 대한 성명에서, 세 회사는 IRA와 확장된 신용을 포함하는 것을 응원했습니다. 파이프라인은 각 주에서 허가 프로세스의 다양한 단계에 있습니다. 제안된 파이프라인 경로를 따라 토지 소유자들 사이에 널리 퍼진 반대 의견은 프로젝트가 진행됨에 따라 장애물이 될 수 있습니다. googletag.googletag.displayjs-dfp-tag–k8′; };
탄소 포획 연합의 공공 정책 및 회원 관계 매니저인 제시 스톨락은 에탄올 생산이 순수한 이산화탄소를 배출하기 때문에 탄소 포획 프로젝트에 적합하다고 말했습니다. “그들은 많은 면에서 선두 주자가 되었습니다,”라고 Stolark는 말했습니다. (레아 더글러스의 워싱턴 편집 보도 티모시 가드너와 매튜 루이스).Douglas@thomsonreuters.com;)입니다.
By Leah Douglas
WASHINGTON, Aug 18 (Reuters) – A major expansion in tax credits for companies that capture and store carbon emissions under U.S. President Joe Biden’s new climate law could be a boon to the ethanol industry as it seeks to meet its mid-century climate goals.
The Inflation Reduction Act (IRA) Biden signed on Tuesday significantly expands tax credits for industrial projects that capture emissions of carbon dioxide, the main gas blamed for climate change, and either store it underground or use it as a building block for other products.
The industry hopes to use carbon capture and storage (CCS) technology, aided by a network of carbon transport pipelines across the Midwest, to reach a goal of net zero emissions by 2050. The technology could help ethanol makers position their product as a green fuel against the backdrop of transit electrification.
Geoff Cooper, president and CEO of ethanol trade group the Renewable Fuels Association, said the IRA is “the most significant federal commitment to low-carbon biofuels since the Renewable Fuel Standard was expanded 15 years ago.”
The IRA allows companies that own and operate CCS equipment to collect as much as $85 per ton, up from $50, of captured carbon that is stored underground, and $60 per ton, up from $35, of captured carbon that is used in other manufacturing processes or for oil recovery.
One set of projects that could benefit from the expanded credits are a network of pipelines proposed in the Midwest to capture and transport ethanol plant emissions.
Three companies – Summit Carbon Solutions, a subsidiary of Iowa-based Summit Agricultural Group; Wolf Carbon Solutions, an affiliate of Alberta-based Wolf Midstream; and Navigator CO2 Ventures, a subsidiary of Texas-based Navigator Energy Services – hope to run more than 3,600 miles (5,800 km) of pipeline from ethanol plants across six states to underground storage sites.
The projects could capture as much as 39 million tons of carbon annually, according to the company websites, potentially making them eligible for more than $3.3 billion in tax credits.
In statements to Reuters, the three companies cheered the IRA and its inclusion of the expanded credits.
The pipelines are in varying stages of the permitting process in each state. Widespread dissent among landowners along the proposed pipeline routes could present an obstacle to the projects as they proceed.
Ethanol production lends itself well to carbon capture projects because the manufacturing process emits a pure stream of carbon dioxide, said Jessie Stolark, public policy and member relations manager at the Carbon Capture Coalition.
“They have been the first mover in a lot of ways,” Stolark said.
(Reporting by Leah Douglas in Washington Editing by Timothy Gardner and Matthew Lewis)
((Leah.Douglas@thomsonreuters.com;))