decarbonfuse Icons/logo

Wednesday

12/22

Baker Hughes Acquires Power Generation Business

Inside this issue

American CCUS Forum Recap, Part 2

Last week, the American CCUS Forum took place in Houston, Texas. It was a fantastic opportunity to visit with leaders across the carbon management value chain.

A couple take-aways from the event:

🏛 Regulatory primacy & permitting process

Today, the EPA regulates Class VI sequestration wells in all states except for North Dakota and Wyoming. Class II wells inject fluids related to oil and gas production, including CO2 for Enhanced Oil Recovery (EOR).

According to the EPA, there are about 120,000 EOR well in the United States in oil & gas producing regions. The EPA sets a minimum standard for these Class II wells and it is likely that many of these states that are regulating Class II wells begin formally requesting delegation of authory for Class VI wells.

Overview of state activity:

  • Illinois: Two Class VI wells are operating at the ADM facility
  • North Dakota: Issued two CO2 injection permits for geologic sequestration in 2022
  • Wyoming: Actively reviewing and accepting injection well permits
  • Texas: Applying for primacy in 2022
  • Louisiana: Applied for primacy in 2021 and is under EPA review

Based on discussions at the CCUS forum, EPA expects 18 to 24 months for the Class VI well permitting process. Additional resources at the state level could accelerate the application and approval process. This is key to help more projects move forward in the early stages. With more projects becoming economic, relieving the bottleneck in the regulatory process is critical to move projects forward.

-

Inside this Issue

🏭 Sempra Infrastructure and AVANGRID Announce Plans to Develop U.S. Green Hydrogen and Ammonia Projects
🏁 UConn, R/GA Ventures, CTNext to Launch Venture Studio Addressing Climate Change
⛏ Rio Tinto partners with Government of Canada to decarbonise RTFT and boost critical minerals processing
✅ One Equity Partners Completes Sale of BRUSH Group's Power Generation Business

Articles in this issue

Sempra Infrastructure and AVANGRID Announce Plans to Develop U.S. Green Hydrogen and Ammonia Projects

decarbonfuse.com
AVANGRID, a member of the Iberdrola Group (NYSE: AGR), and Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today an...

UConn, R/GA Ventures, CTNext to Launch Venture Studio Addressing Climate Change

decarbonfuse.com
The University of Connecticut, R/GA Ventures, and CTNext are collaborating to launch the Future Climate Venture Studio, which will identi...

Rio Tinto partners with Government of Canada to decarbonise RTFT and boost critical minerals processing

decarbonfuse.com
Rio Tinto is partnering with the Government of Canada to invest up to C$737 million (US$537 million) over the next eight years to decarbo...

One Equity Partners Completes Sale of BRUSH Group's Power Generation Business

decarbonfuse.com
One Equity Partners, a middle market private equity firm, today announced that it has completed the sale of the Power Generation business...

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.

Subscribe illustration