Exxon begins commercial CCS project with CF industries in Louisiana

I thought Trump made libtarbon democrapture illegal

Probably depends on what the tax credit allows them to do. Some credits have a rule that it must stay stored “forever”/100 years.

Other credits will still allow you to pull it out later to use for secondary oil & gas recovery.

We're fighting something similar in North La. A group of local investors was organized to bring in a "biomass" (read: thinnings from logging) powered electrical plant and the resulting CO2 would be injected under the Wilcox formation (there was supposed to be a "green" jetfuel company involved in that as well, but I've heard reports it may have pulled out).

While the local investors are promoting this as jobs, they are failing to mention that without the 45Q tax credits for the sequestration part, the whole thing fails to draw enough profits to run.

What they also fail to mention is the liability aspect. There's a $500k cap on damages per event. If the injection fails, let's say it seeps up through fractures and coalesces into a bubble that blows out a hole near someone's home... that homeowner can't get more than $500k from the company for their damages. If there are 10 homes around the hole, they split $500k.

Fifty years after the last bit of CO2 goes into the ground, the state takes over maintenance and monitoring of the wells but the property owners are responsible for damages which may happen from the CO2 seeping back up. And yes, leaks can happen.

Where I'm at odds the most on this is that the project hasn't even started yet and there has already been legislation passed (seemingly despite Article I, Section 4 and Article 4, Section 21) to allow the Commissioner of Conservation at DNR (or whatever they renamed themselves) to be the sole determiner for what properties can be expropriated for CCS projects. There's currently a case that should be going before the state supreme court before long to settle this part one way or another.

My company won a contract just this week for a CCS project in Denmark that will happen in Q2 of this year. This will be my first time being involved with a CCS project. Should be interesting to see how it’s executed compared to a GT or O&G project. They have a pretty extensive coring program planned for one.

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Gonna move it to Greenland when we acquire it.

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Sounds like a good opportunity to expand my market.

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secondary oil & gas recovery.

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Let’s not kid ourselves, this is why it’s done. Using CO2 instead of water for fracking