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DOE Announces $500 Million to Build a Safe and Reliable Carbon Dioxide Transportation System
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Emerging US Markets News
Friday, 3rd May 2024
U.S. Department of Energy

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $500 million available for projects that will help expand carbon dioxide (CO2) transportation infrastructure to help reduce CO2 emissions across the United States.
The United States will likely need to capture and permanently store approximately 400–1,800 million tonnes of CO2 annually to meet its net-zero commitments by 2050. To accommodate the rapid growth of carbon capture and storage industry, we must significantly expand the infrastructure to transport carbon dioxide over the next decade.

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