REenergize
REenergize

‘Project Cypress’ to receive up to $600 million to develop carbon removal hub in Louisiana

Juan Pedro August 15, 2023

In Louisiana, KPLC reported that the U.S. Entergy Department has announced that one of two new carbon removal projects will be located in Calcasieu Parish, in Louisiana.

Totaling an investment of $1.2 billion, the two projects in Calcasieu and Texas claim they will create 5,000 jobs for local workers and people formerly employed in the fossil fuel industry.

U.S. Senator Bill Cassidy, said that Louisiana will receive a total of $500-$600 million in grant funding for the Direct Air Capture (DAC) Hub. The Calcasieu portion of the project has been named Project Cypress and has received an initial $50 million in funding to begin the development of the DAC hub. The exact amount of funding the project will receive is still being negotiated and the exact location of the project has not been released, the report added.

The report added that Project Cypress intends to rely on Gulf Coast Sequestration (GCS) for the offtake and underground storage of captured atmospheric CO2.

More on the story.

Categories: Energy

Related Articles

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .