Colorado-based Carbon America has inked a deal for a project to capture and store about 175,000 tons/year of carbon dioxide (CO2) from the Bridgeport Ethanol LLC production facility in Nebraska.

Nebraska Ethanol

The figure is equivalent to 95% of total emissions from the facility’s fermentation process, and would have the annual impact of taking 38,043 passenger vehicles off the road, according to Carbon America CEO Brent Lewis.

President Biden’s Inflation Reduction Act of 2022 (IRA), combined with the California Low Carbon Fuel Standard (LCFS) credit, played a crucial role in making the project economically viable, Lewis told NGI. 

The IRA expanded the Internal Revenue Service 45Q tax credit for permanent sequestration of carbon dioxide from $50 to $85/ton, and is now applicable to...