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Conference: CCS Has a Brighter Future with Congressional Action

Conference: CCS Has a Brighter Future with Congressional Action

Conference: CCS Has a Brighter Future with Congressional Action


Attachment: A, C, D, B

August 15, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Even before Congress passed the Inflation Reduction Act (IRA) of 2022 late last week, which sharply boosts tax credits for developing carbon capture and storage (CCS) projects, project developers saw a bright future for the technology, which is being developed for use by various sectors across North America. That future likely will get even brighter with the passage of the IRA, speakers predicted at an oil and gas conference in Denver last week.

Industrial Info is tracking 160 proposed CCS-related projects across the U.S. and Canada, valued collectively at $79.3 billion. Nearly all of those proposed projects are scheduled to begin construction over a five-year period between January 2022 and December 2027. Subscribers to Industrial Info's Global Market Intelligence (GMI) project databases can click here for a list of detailed projects.

Companies featured: Denbury Incorporated (NYSE:DEN)

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