Developing CCUS Projects in Colorado and Wyoming
22nd December 2020
The momentum and vital need for carbon capture, utilization, and storage (CCUS) technologies has never been greater and two states that stand out with opportunities for CCUS are Colorado and Wyoming.
The US leads the world in facilities in operation or advanced development with 38 projects, including projects in both Colorado and Wyoming in power generation, gas processing, and cement production. New projects in biofuels and hydrogen production are also in development as these states are attracting more and more interest in CCUS from the business community.
Both states have policies that encourage CCS, albeit they differ significantly in their approach. In 2019, Colorado established ambitious climate change goals (50% reduction in greenhouse gas emissions by 2030, and 90% by 2050), but have not yet established robust support specific to CCS. Wyoming, on the other hand, has provided more direct policy support for CCS. The state is establishing energy portfolio standards that require by 2030 a percentage of electricity to be dispatchable, reliable, and low-carbon, encouraging CCS deployment. Wyoming recently was granted primacy by the USEPA to approve Class VI well permits for permanent sequestration of CO2. The state has also developed a pipeline corridor initiative to facilitate the development of statewide and regional infrastructure for the transport and management of CO2.
With experience in CO2 storage, oil & gas expertise, and policy commitments to decarbonization, Colorado and Wyoming are both well positioned to be leaders in the carbon management economy.
During this virtual seminar, business leaders and experts in capture technology, geology, transportation infrastructure, economics, and other relevant industries provided participants with a deep dive into the economics of the 45Q tax credit, and guidance on how to execute a CCUS project in Colorado and Wyoming, as well as other states in the immediate region.
Day 1 Speakers - December 15
1:00 - 4:00 PM (MT)
- Randall Luthi, Chief Energy Advisor, State of Wyoming
- Dr. Will Toor, Executive Director, Colorado Energy Office
- Jeff Erikson, General Manager, Global CCS Institute
- Keith Tracy, Principal, Elysian Ventures
- Jason Begger, Deputy Director, Wyoming Energy Authority
- Scott Quillinan, Director of Resources & Communications, University of Wyoming
- Kevin Lauzze, VP and Project Director, Sargent & Lundy
- Holly Krutka, Executive Director of the School of Energy Resources, University of Wyoming
- Robert Schrecengost, Hydrogen Program Manager, office of Fossil Energy, Advanced Energy and Hydrogen Systems division, DOE
- James Sorensen, Director of Subsurface R&D, EERC
Day 2 Speakers - December 16
9:00 - 11:30 AM (MT)
- Brice Freeman, Membrane Technology and Research on Dry Fork Generating Station
- Derick Dreyer, Director of Corporate Manufacturing and Slag Operations, LafargeHolcim on Holcim Portland Cement Plant
- Markus Lesemann, Director, Business Development – Energy Supply & Conversion, Gas Technology Institute on Wyoming Integrated Test Center
- Kara Fornstrom, Chairman, Wyoming Public Service Commission
- Lee Beck, CCUS Policy Innovation Director, Clean Air Task Force
- Will Shimer, Business Development Manager/ Projects, OGCI Climate Investments
The events were moderated by Patricia Loria, Senior Client Engagement Lead, Global CCS Institute.
A PDF of the presentation covering both days can be found here.
To watch the recordings please see below: