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Senate EPW Committee Discusses Legislation to Advance CCUS Projects
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Senate EPW Committee Discusses Legislation to Advance CCUS Projects

 

On April 11, the Senate Environment and Public Works Committee held a full hearing on legislation that would help fund carbon capture and utilization projects (CCUS). The bill, known as the Utilizing Significant Emissions with Innovative Technologies Act, or “USE IT Act”, is co-sponsored by Chairman Barrasso (R-WY), Sen. Whitehouse (D- DE), Sen. Capito (R-WV), and Sen. Heitkamp (D-ND). These same four senators were successful earlier in the year in passing another bill that provides/amends tax credits for carbon capture investments. (View the text of the bill here).

 

The recently proposed bill would provide support for research and development of CCUS projects to help reduce emissions and streamlining the permitting process for CO2 capture and infrastructure projects, including CO2 pipelines.
The bill provides $25 million for projects relating to direct air capture and $50 million for projects relating to carbon utilization.

 

Additionally, the bill would establish CCUS permitting guidance and a regional permitting task force. The task force would be responsible for facilitating reviews associated with the deployment of CCUS projects and CO2 pipelines. It would also help identify current or emerging activities that transform captured carbon dioxide into a product of commercial value or as an input to products of commercial value.

 

During the hearing, the bill received overwhelming bi-partisan support. Both senators and witnesses stressed the necessity of including CCUS into our energy mix and recognized the U.S. ability to lead the world in CCUS technology.

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