The lead developer of one of the world’s largest carbon capture proposals is delaying a final decision on construction, citing challenges such as “uncertainty” created by EPA’s final power plant rule.
Developers of Project Tundra — which envisions capturing up to 4 million metric tons of carbon dioxide annually from the coal-fired Milton R. Young Station in North Dakota — told POLITICO’s E&E News this month that they are aiming to reach a final investment decision (FID) by the end of the year, instead of mid-2024.
The project’s estimated cost also has risen from $1.4 billion to $2 billion, said Ben Fladhammer, a spokesperson for the Minnkota Power Cooperative, an electric generation and transmission cooperative backing the project.
Project Tundra is making progress “despite a growing number of complexities that will require additional time to fully comprehend and address,” Fladhammer said.
