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us-government-injects-500m-into-co2-transportation
us-government-injects-500m-into-co2-transportation

US government injects $500m into CO2 transportation

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The US government has announced up to $500m to expand the country’s carbon dioxide (CO2) transportation infrastructure.

As part of President Biden’s Investing in America agenda, the capital will support projects that focus on safe and reliable systems that can transport CO2 for either storage or utilisation.

To meet the Biden-Harris Administration’s goal of a Net Zero emission economy by mid-century, the US must accelerate the development and deployment of its CO2-related technologies.

The country’s carbon transport system is already of significant scale, including multiple methods such as pipelines, trucks, and freight that together transport almost 60 million metric tonnes of CO2 per year.

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