CARBON CAPTURE POLICIES, PROJECTS GREW IN 2018
2018 marked a growth in supportive policies and projects for carbon capture technologies, according to a new report released this week by the Global CCS Institute.
This year included an expansion and extension of the section 45Q tax incentive in the U.S., promotion and grant funding in China and organizational bodies in the U.K. and Japan.
There are currently 43 large-scale facilities – 18 in commercial operation, five under construction and 20 in various stages of development. There are also new initiatives in CO2 recycling and direct air capture projects in the U.S., Canada and Iceland.
Supporters of the technology also have continued to diversify, the report notes.
This comes on the heels of a new study released by the International CCS Knowledge Centre underscoring that the capital cost of Canadian utility Saskpower installing carbon capture capabilities at the Shand Power Station would be 67 percent less per ton than their first build, the Boundary Dam coal-fired plant.
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