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US awards €16.5 million to CO2 storage research
U.S. Energy Secretary Steven Chu announced on August 11th his decision to award $21.3 million (€16.5 million) to 15 projects to develop technologies aimed at safely and economically storing carbon dioxide in geologic formations. According to Chu, this funding decision is part of the US administration’s commitment to ‘lead the world in carbon capture and storage technology’.The funding money will be directed to universities and private companies to develop projects at 15 sites in 12 states with the goal of studying ‘various aspects of carbon capture and migration’ in different types of geologic formations. The aim is to examine CO2 storage in all potential geological settings so as to ‘predict what happens to the carbon dioxide while it's stored’.
The announcement comes just a few days after the US Department of Energy decided to allocate $1 billion (€750 million) for the implementation of a large-scale CO2 capture and storage (CCS) project in Illinois.
Secretary Chu has expressed his strong confidence that these projects will ‘reduce greenhouse gas emissions, develop clean energy innovation and help produce jobs for Americans across the Nation’.
Read the announcement of the US Department of Energy here.
