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Started By
Message
re: Carbon Capture Meetings
Posted on 4/27/25 at 8:39 am to Icansee4miles
Posted on 4/27/25 at 8:39 am to Icansee4miles
quote:
There are CO2 pipelines already running all over Louisiana and Mississippi. And natural gas, and ethane, and ethylene.
Penrod’s post was quite accurate. The permitting process for these wells is exhaustive, as are the monitoring requirements once operational. Louisiana and Texas are prime spots because the geology that gave us oil and gas is the geology that is best suited for sequestration. And some of the largest, most appropriate sources of clean CO2 are ammonia and LNG plants, so sequestering close to those means short distances transferring the CO2. This isn’t some sinister plot to pick on our state.
All that said, it’s greenwashing at its finest, and wouldn’t be happening if the 45Q tax credits weren’t at $90. Anthropogenic sources aren’t the most significant contributor to the total in the atmosphere, and the climate has been changing since the dawn of time. It wasn’t coal fired power plants that killed the dinosaurs. “Green” Energy, other than efficiency improvements, is all BS that would not exist without massive subsidies (Ethanol, EV, Wind, Solar) and is nothing more than more wealth transfer.
+1
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Posted on 4/27/25 at 8:42 am to loogaroo
quote:
What’s the state getting?
Link to the Operating Agreement between Capio and State of Louisiana for state lands in Iberville, St. Martin, St. Landry and Point Coupee Parishes.
LINK
Looks like the base per ton injection fee was initially $1.60 per ton. However, if I'm calculating the increase in 45Q provision correctly (increase from $50/ton credit to now $85/ton per Biden's IRA), the state is now due $3.35/ton.
Air Products and State of LA Operating Agreement:
LINK
Initial base of $1.50/ton, though the 45Q increase escalator is 9%, as opposed to the 5% Capio negotiated, so with current 45Q prices, I believe Air Products would owe $4.65/ton.
This post was edited on 4/27/25 at 9:09 am
Posted on 4/27/25 at 8:48 am to Midtiger farm
quote:
Why are we even doing this anyway?
Because the political and public/media environment from about 2018-2022 was crashing down on "dirty" oil & gas and petrochemical industry, in a way that industry feared the "net zero" mandate train coming down the tracks in the near future.
So they said, "Hey, EPA, etc, we have the technology to sequester CO2 to reduce emissions, which is what you're all pissed off at us about. However, doing that is very expensive and will drive our costs to produce fossil fuels and products, which will have to be passed on to the consumer. American voters won't like that. But if you really believe we need to reduce our total CO2 output, then you need to help us out so costs don't skyrocket".
Politicians who didn't want mad constituents said, "You got it".
Seems to me if the greenhouse gasses was truly a serious issue worth all this government (taxpayer) money, the government would pay companies to keep methane from being released, rather than so much concentration on CO2. But that's just my unprofessional opinion.
Posted on 4/27/25 at 9:00 am to Midtiger farm
We don’t disagree on this, and that’s why I call it greenwashing. And occupying huge tracts of land for solar farms is the height of stupidity. Bill Gates is behind a lot of this push, as he wants to throttle our food supply as part of his depopulation efforts.
Posted on 4/27/25 at 9:01 am to ragincajun03
Today's Sunday morning left wing radio show had a piece on new devastating effects of global warming. It causes stomach ache. Experts say that more people complain about stomach ache when it's hot outside.
Posted on 4/27/25 at 9:43 am to ragincajun03
quote:
Link to the Operating Agreement between Capio and State of Louisiana for state lands in Iberville, St. Martin, St. Landry and Point Coupee Parishes.
Appreciate the links!! Thanks
Posted on 4/27/25 at 11:03 am to GumboPot
quote:
With that said to mandate a 0.5 design factor for all dense phase CO2 pipelines will probably take an act of congress, due to the SCOTUS Chevron ruling.
I don’t know about that. The CFRs currently mandate following certain API RPs. It seems that if API modifies the RPs then it becomes law without any act of congress?
Posted on 4/28/25 at 2:11 pm to loogaroo
quote:Multiple mega billion dollar chemical plants is nothing to gloss over. Not to mention the ones that are yet to be announced in SWLA. The construction jobs alone on these plants will be in the tens of thousands of people and then the ongoing support required will be significant.
How exactly? A couple chemical plants along the Mississippi River?
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