Creating Markets for Captured Carbon: Progress in Illinois

Kevin C. OBrien, Steve Whittaker, Sallie E Greenberg, Yongqi Lu, Lance Schideman, Vinod Patel, Nandakishore Rajagopalan, Brajendra Kumar Sharma, Stephanie Brownstein, Les Gioja, Jason Dietsch

Research output: Contribution to conferencePaperpeer-review

Abstract

In previous publications/presentations at GHGT-13, a plan was outlined for the capture and storage/utilization of CO2 within the state of Illinois. This plan has evolved significantly due to a number of technical, regulatory, and financial factors that have occurred at both the state and federal level. A combination of successful implementation of large-scale storage projects, significant investment in research and development by the US DOE, and the advent of 45Q tax credits has created a significant driver for growth in Illinois for carbon capture, utilization, and storage (CCUS) projects. This ability to either store or utilize the CO2 creates diverse financial opportunities for CO2 sources within the state, hence an ability to build new markets and drivers for large CO2 emitters within the state. A major cornerstone of this effort is to have a range of capture sites in the state that can accommodate the evaluation of capture technologies that are at various levels of maturity (i.e., technology readiness levels or TRLs). The net impact is an ability to assist Illinois in achieving its goals for grid decarbonization and clean energy job creation.

Original languageEnglish (US)
StatePublished - 2021
Event15th Greenhouse Gas Control Technologies Conference, GHGT 2021 - Virtual, Online, United Arab Emirates
Duration: Mar 15 2021Mar 18 2021

Conference

Conference15th Greenhouse Gas Control Technologies Conference, GHGT 2021
Country/TerritoryUnited Arab Emirates
CityVirtual, Online
Period3/15/213/18/21

Keywords

  • CO Utilization
  • Capture
  • Carbon Markets
  • Innovative Integration
  • Large Pilot
  • Storage

ASJC Scopus subject areas

  • General Energy
  • Industrial and Manufacturing Engineering
  • Management, Monitoring, Policy and Law
  • Pollution

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