The world’s largest carbon capture project should be online by the spring of 2024 and it will be in North Dakota. Continental Resources will invest $250 million over two years to help fund the development and construction of the Summit Carbon Solutions project. North Dakota Governor Doug Burgum says this effort connects Midwest ethanol and fertilizer plants to an area northwest of Bismarck through a 2,000-mile-long pipeline. “We can store all of the nation’s CO2 for the next 50 years if you want to get it here; that’s just the remarkable gift we’ve been given as a state to have that amount of capacity.” The State of North Dakota handles the permitting process for the pipeline, providing regulatory certainty for those involved in this carbon sequestration project. Burgum emphasizes the owners of the underground core space for CO2 storage is the landowners. “Every landowner in that 40 square miles is going to get a payment for the per number of tons underground. This is a great opportunity for landowners, farmers and ranchers to get a check for doing nothing but having this safe storage well over a mile underground.” Burgum says this is the most effective way to reduce carbon should be at the forefront of the nation’s energy policy.
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