Lapis Carbon Solutions and Big River Resources file Class VI application for Illinois CCS
The project will permanently sequester more than 725,000 metric tons of carbon dioxide per year over 12 years. This positions Big River to materially lower the carbon intensity of its products and compete as a market leader in the next generation of low-carbon fuels.
The announcement follows the successful completion of a stratigraphic test well that confirmed favorable geologic conditions for the safe and permanent storage of CO2. The sequestered CO2 will qualify for federal tax credits under section 45Q of the Internal Revenue Code.
Category: Fuels
