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The US Department of Energy announced today that it’s providing $1.2 billion to develop regional hubs that can draw down and store away at least 1 million metric tons of carbon dioxide per year as a means of combating climate change.
The move represents a major step forward in the effort to establish a market for removing the planet-warming greenhouse gas from the atmosphere, using what are known as direct air capture (DAC) machines.
The first recipients will include Occidental Petroleum’s proposed carbon-removal project in Kleberg County, Texas, dubbed the South Texas DAC Hub, as well as a partnership between Battelle, Climeworks, and Heirloom to develop facilities in southwestern Louisiana, known as the Project Cypress DAC Hub. Those two projects will split roughly $1.1 billion, with about $100 million more going toward 19 feasibility or front-end engineering studies for earlier-stage projects across the country.
Friday’s announcement represents the first tranche of $3.5 billion in funding allocated under the Bipartisan Infrastructure Law to set up at least four regional DAC hubs. All told, those projects could boost the global capacity for carbon removal 400-fold, according to an estimate by Carbon180, a nonprofit that advocates for the removal and reuse of carbon dioxide.
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Secretary of Energy, Jennifer Granholm.Graeme Sloan/Sipa via AP Images
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