The federal funding, part of the DOE’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative, was awarded as the U.S. works to boost deployment of CCS projects to address growing emissions. (Source: Shutterstock)
Occidental’s carbon capture and storage (CCS) subsidiary 1PointFive secured $36 million from the U.S. Department of Energy (DOE) to support development of the company’s Bluebonnet and Magnolia sequestration hubs in Texas and Louisiana.
The federal funding, part of the DOE’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative, was awarded as the U.S. works to boost deployment of CCS projects to address growing emissions.
The CarbonSAFE Initiative aims to lower technical risks associated with storing carbon underground as well as reduce uncertainty and the cost of commercial-scale saline storage projects.
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1PointFive plans to use the funding to advance site characterization activities, permitting and environmental approvals for construction at each hub, Occidental said. Located near industrial emissions sources, the Bluebonnet hub is in Chambers County, Texas, and the Magnolia hub is in Allen Parish, Louisiana.
“We are using our over 50 years of carbon management expertise and experience developing projects at scale to deliver a proven solution that helps advance industrial decarbonization,” said Jeff Alvarez, president of 1PointFive Sequestration, said in a news release Oct. 3. “Working in partnership with the Department of Energy supports our ability to rapidly progress our hubs and realize the potential of CCS to further climate goals.”
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