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Projeo Corporation Awarded $38M from U.S. Department of Energy for CarbonSAFE Carbon Storage Demonstration

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Today Projeo Corporation announced it has been awarded over $38 million in U.S. Department of Energy funding to support the development of new carbon storage demonstrations. Projeo’s selected project, The Phoenix Project, intends to demonstrate the feasibility of safely converting a mature oil and gas field in the Permian Basin into a dedicated CO2 storage facility.

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