U.S. Allocates Funding for Carbon Transportation Projects
October 12, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, the U.S. government announced that it was allocating $2.1 billion for loans for carbon dioxide transportation projects in the U.S. The Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) program will be appropriated annually through 2026 to help provide capital for projects transporting carbon to endpoints for its storage or utilization. Industrial Info is tracking more than $3 billion in active carbon dioxide pipeline projects in the U.S.
Companies featured: Valero Energy Corporation (NYSE:VLO), BlackRock Incorporated (NYSE:BLK), Archer-Daniel-Midland Company (NYSE:ADM)
