transportation manager build direct linkedin

Robust investments will be required to overcome barriers associated with deploying large common carrier CO2 transport infrastructure, including high capital costs and uncertain near-term utilization and returns as demand comes online. Investments to finance projects that build shared transport infrastructure to move CO2 from points of capture to conversion facilities and storage wells will help form a domestic interconnected carbon management ecosystem.

“The CIFIA program will help industry overcome the challenges to accessing the upfront capital needed to build shared infrastructure projects that are essential to advancing our clean energy economy.” “One giant challenge in deploying carbon management technologies to reduce emissions is to be able to transport the CO2 to where it is ultimately sequestered or used up,” said U.S. Carbon management technologies such as direct air capture, carbon capture from industry and power generation, carbon conversion, and CO2 transportation and storage technologies must be deployed at a large scale in the coming decades to meet the United States’ net-zero greenhouse gas goals by 2050. Appropriated annually through 2026, CIFIA will support shared infrastructure projects, including pipelines, rail transport, ships and barges, and ground shipping, that connect anthropogenic sources of carbon with endpoints for its storage or utilization.

Enacted under President Biden’s Bipartisan Infrastructure Law, CIFIA offers funding for large-capacity, shared carbon dioxide (CO2) transportation projects located in the United States.

Department of Energy (DOE) today began accepting letters of interest from applicants for loans under a new $2.1 billion Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) program.

Transportation manager build direct linkedin