Sen. Cassidy Secures Over $24 Million in Funding for CCS Projects in LA
U.S. Senator Bill Cassidy, M.D. (R-LA) has announced that the U.S. Department of Energy will allocate a total of $24,570,784.00 from his Infrastructure Investment and Jobs Act (IIJA) for critical CO2 transportation and storage infrastructure projects in Louisiana. These projects aim to support the state's efforts in low-emission manufacturing and carbon capture initiatives. The funding will be directed towards Magnolia Sequestration Hub, LLC and Howard Midstream Energy Partners LLC. Magnolia Sequestration Hub, LLC is set to receive $21,570,784.00 for their project in Allen Parish, which is expected to provide an estimated 300 million metric tons of total CO2 storage capacity. This investment will significantly contribute to the state's efforts in reducing carbon emissions and promoting sustainable practices.
Additionally, Howard Midstream Energy Partners LLC will be granted $3,000,000.00 to conduct a comprehensive study for a CO2 transportation system capable of moving up to 250 million metric tons of CO2 annually from various sources to multiple storage locations along the Gulf Coast. This study will pave the way for efficient and effective CO2 transportation and storage infrastructure in the region.
Senator Cassidy expressed his enthusiasm for these projects, stating, "Louisiana can pave the way for low-emission manufacturing and carbon capture projects. The infrastructure law continues to support projects in our state that create jobs and new economic opportunities." This announcement comes as part of Senator Cassidy's ongoing efforts to position Louisiana at the forefront of the energy and manufacturing sector on a global scale.
Last month, the Environmental Protection Agency (EPA) announced their intent to grant Louisiana the authority to permit, site, and oversee carbon storage wells within the state. Senator Cassidy has been a leading advocate for this authorization, working persistently over the past two years to garner support from the EPA. This development positions Louisiana to better access funding dedicated to carbon capture projects, as exemplified by today's funding announcements.
Furthermore, Senator Cassidy previously announced that two Louisiana projects, located in Lake Charles and Hahnville, have been selected by the U.S. Department of Energy for carbon capture demonstration awards. These projects highlight the state's commitment to advancing innovative carbon capture technologies and showcasing Louisiana's potential as a leader in this vital field.
The investments in CO2 transportation and storage infrastructure projects will not only contribute to Louisiana's environmental sustainability goals but will also create new job opportunities and boost the local economy. Senator Cassidy's dedication to securing funding for these crucial initiatives reinforces his commitment to positioning Louisiana as a hub for clean energy and cutting-edge manufacturing.
As the implementation of the Infrastructure Investment and Jobs Act progresses, Senator Cassidy continues to work diligently to ensure that Louisiana remains at the forefront of the energy and manufacturing sectors, embracing sustainable practices and driving economic growth in the state.