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Released September 06, 2023 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Weeks after supporting more nuclear power for the grid, state regulators in Minnesota are taking additional green steps by preparing to draft an environmental review of a pipeline meant to facilitate carbon storage.
The Minnesota Public Utilities Commission has agreed on the scope of an Environmental Impact Statement (EIS) for Summit Carbon Solutions' (Ames, Iowa) proposed carbon dioxide (CO2) pipeline.
Summit wants to build a 30-mile, 4.5-inch outside diameter carbon steel pipeline that will transfer CO2 emissions from an ethanol plant to a nearby county in North Dakota. There, the CO2 will be stored in salt formations underground. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals and Pipelines project databases can click here for a list of related project reports.
The state regulator said it will assess everything from the impact on property values to environmental impacts and alternate carbon capture technologies.
So far, many of the carbon storage projects have been centered in the U.S. south, with the Energy Department announcing $1.2 billion in funding to support the development of two commercial-scaled direct-air capture facilities (DAC) in Texas and Louisiana.
"Cutting back on our carbon emissions alone won't reverse the growing impacts of climate change; we also need to remove the CO2 that we've already put in the atmosphere -- which nearly every climate model makes clear is essential to achieving a net-zero global economy by 2050," said Energy Secretary Jennifer Granholm.
The Energy Department believes those two facilities alone would be equal to pulling 445,000 conventional passenger vehicles off the road each year. Outside the United States, meanwhile, Hoegh LNG (Oslo, Norway) and Aker BP (Lysaker, Norway) have teamed up to develop a way to ship CO2 offshore for permanent storage in the subsea reservoirs of the Norwegian Continental Shelf.
In Minnesota, utilities in the state had already cut emissions by 54% between 2005 and 2020 and the government passed a measure in February to ensure the grid is 100% dependent on clean energy by 2040.
"We are excited for Minnesota to continue to lead the clean energy transition with its new goal to provide 100% carbon-free electricity by 2040," said Chris Clark, the president of Xcel Energy (NASDAQ:XEL), Minnesota, North Dakota and South Dakota.
Xcel last month secured approval for plans to expand the storage for spent fuel at its Monticello power plant in Minnesota amid efforts to extend its life during something of a nuclear revival.
The request came as a result of Xcel's plans to extend the plant's operating life by another 10 years--from 2030 to 2040. Subscribers to Industrial Info's GMI Power project and plant databases can click here for the project report and click here for the related plant profile.
With the global economy looking for ways to wean itself off fossil fuels, established nuclear technology such as the Monticello plant is seeing renewed interest more than a decade after the meltdown at the Fukushima facility in Japan. Two plants combine for about 24% of the state's electricity.
Minnesota has no fossil fuels of its own, though a dense network of oil and natural gas pipelines move through the state, largely from Canadian suppliers. On the grid, coal still accounts for the bulk of net power generation, though renewables and nuclear power surpassed coal-fired power for the first time ever in 2020.
Now, with carbon moving to storage in neighboring North Dakota, the state is moving ever closer to its clean energy goals.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The Minnesota Public Utilities Commission has agreed on the scope of an Environmental Impact Statement (EIS) for Summit Carbon Solutions' (Ames, Iowa) proposed carbon dioxide (CO2) pipeline.
Summit wants to build a 30-mile, 4.5-inch outside diameter carbon steel pipeline that will transfer CO2 emissions from an ethanol plant to a nearby county in North Dakota. There, the CO2 will be stored in salt formations underground. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals and Pipelines project databases can click here for a list of related project reports.
The state regulator said it will assess everything from the impact on property values to environmental impacts and alternate carbon capture technologies.
So far, many of the carbon storage projects have been centered in the U.S. south, with the Energy Department announcing $1.2 billion in funding to support the development of two commercial-scaled direct-air capture facilities (DAC) in Texas and Louisiana.
"Cutting back on our carbon emissions alone won't reverse the growing impacts of climate change; we also need to remove the CO2 that we've already put in the atmosphere -- which nearly every climate model makes clear is essential to achieving a net-zero global economy by 2050," said Energy Secretary Jennifer Granholm.
The Energy Department believes those two facilities alone would be equal to pulling 445,000 conventional passenger vehicles off the road each year. Outside the United States, meanwhile, Hoegh LNG (Oslo, Norway) and Aker BP (Lysaker, Norway) have teamed up to develop a way to ship CO2 offshore for permanent storage in the subsea reservoirs of the Norwegian Continental Shelf.
In Minnesota, utilities in the state had already cut emissions by 54% between 2005 and 2020 and the government passed a measure in February to ensure the grid is 100% dependent on clean energy by 2040.
"We are excited for Minnesota to continue to lead the clean energy transition with its new goal to provide 100% carbon-free electricity by 2040," said Chris Clark, the president of Xcel Energy (NASDAQ:XEL), Minnesota, North Dakota and South Dakota.
Xcel last month secured approval for plans to expand the storage for spent fuel at its Monticello power plant in Minnesota amid efforts to extend its life during something of a nuclear revival.
The request came as a result of Xcel's plans to extend the plant's operating life by another 10 years--from 2030 to 2040. Subscribers to Industrial Info's GMI Power project and plant databases can click here for the project report and click here for the related plant profile.
With the global economy looking for ways to wean itself off fossil fuels, established nuclear technology such as the Monticello plant is seeing renewed interest more than a decade after the meltdown at the Fukushima facility in Japan. Two plants combine for about 24% of the state's electricity.
Minnesota has no fossil fuels of its own, though a dense network of oil and natural gas pipelines move through the state, largely from Canadian suppliers. On the grid, coal still accounts for the bulk of net power generation, though renewables and nuclear power surpassed coal-fired power for the first time ever in 2020.
Now, with carbon moving to storage in neighboring North Dakota, the state is moving ever closer to its clean energy goals.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
