Biogenic Carbon Utilization Initiative

 

The Biogenic Carbon Utilization Initiative focuses on developing market opportunities to use or store carbon dioxide (CO2) generated when forest or farm-based feedstocks are processed.  Utilizing naturally occurring CO2 as a revenue stream provides a meaningful opportunity to generate negative emissions while maintaining important industrial economies.

 

Capturing, compressing and transporting COvia pipeline to an oilfield for enhanced oil recovery (EOR) with geologic storage or to a saline aquifer for storage transforms CO2 from a liability into a valuable commodity.  Ethanol production is one industry option that presents a unique opportunity to capture and store carbon at scale because its CO2 output is biogenic and has a low cost of capture.  Although some ethanol plants already sell CO2 for food, beverage, and other uses, carbon capture opportunities are potentially much larger and could involve numerous plants. The potential revenue opportunities through state and provincial Low Carbon Fuel Standard (LCFS) policies, the federal 45Q tax credit and possible revenue from EOR present ethanol, and other industries with an opportunity to organize and to develop a value-add strategy that builds off existing assets.

 

Market possibilities for CO2 from ethanol gain traction 

As midwestern ethanol producers and midstream developers learn more about the market opportunities associated with capturing and/or utilizing CO2 for storage or participation in Enhanced Oil Recovery (EOR), interest in market deployment is growing.  Recently, Occidental Petroleum spoke at Christianson’s Biofuels Financial conference and articulated their support for using this source of biogenic CO2 and for their support of incentives that allow the ethanol industry to participate in EOR markets.  Likewise, support for policies and technologies that advance carbon capture utilization and storage, as a critical means to achieve emissions targets, continue to grow.  Technology continues to advance with commercial opportunities improving rapidly.  Forbes magazine likened the advancements to new life being breathed into carbon capture.

 
Status of the Present Opportunity: Presentations and Perspectives from Industry Meeting in Iowa
Status of the Present Opportunity: Carbon Capture, Utilization and Storage in Kansas

Blog

A Quarter of the U.S. Senate Comes Together for Bipartisan Support of Carbon Capture Legislation

Legislation attracts strong support in the Senate and from industry, labor, NGO, and state government leaders.

Staff

Program Manager
Vice President, Fossil Energy
Program Consultant
Vice President