Florida-based Overseas Shipholding Group (OSG) has received a $3m grant to develop a new liquefied carbon dioxide (CO2) carrier that will transport CO2 captured by emitters in the Great Tampa Bay region, across Florida, to sequestration sites in the Gulf of Mexico.
The grant, awarded by the US Department of Energy, supports the development of OSG’s specialised CO2 carrier designed to transport liquefied CO2 from the Tampa Regional Intermodal Carbon Hub (T-RICH). This hub will collect CO2 from significant emitters and transport it in liquid form to certified sequestration locations in the northern Gulf of Mexico.
The multi-million-dollar funding boost follows its other grant to support the development of T-RICH. If successful, T-RICH would initially receive, store, and process two million metric tonnes of CO2 per year and could be scaled in the future to meet expanded volumes of captured CO2.
Jeff Williams, OSG’s Director of CO2 Transport Solutions, said that the two developments will provide a comprehensive solution for Florida’s largest emitting industrial facilities to be part of the nation’s response to the impacts of climate change.
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