The Department of Energy has directed $26 million toward a carbon dioxide storage hub planned off the Louisiana coast, project developers announced Monday.
The GeoDura CO2 storage hub, once known as the Cameron Parish CO2 hub, aims to be Louisiana’s first offshore storage hub for the heat-trapping gas.
Project sponsors are in talks to accept CO2 from a variety of emitters — from a proposed liquefied natural gas export terminal to hydrogen and ammonia production facilities. The development is one of a handful of carbon storage projects that oil and natural gas companies are developing in state waters along the U.S. Gulf Coast, including off Texas’ coast.
The 2021 bipartisan infrastructure law amended the Outer Continental Shelf Lands Act to allow for CO2 storage in federal waters, but the Interior Department has yet to release draft regulations.
