Ohio’s carbon capture industry is set to skyrocket with the states’ Carbon Capture Improvement Act on Tuesday (10th August) having passed the Senate as part of the Infrastructure Investment and Jobs Act.
Senators Rob Portman and Michael Bennet back in May introduced the bill to help finance carbon capture projects, reduce emissions and boost innovation.
Through the act, the duo also hopes to make it easier for power plants and industrial facilities to install carbon capture, utilisation and storage (CCUS) equipment, as well as direct air capture (DAC) technology.
It is thought the above can be achieved through the use of private activity bonds.
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