SOURCE: Congressional Budget Office
January 3, 2024
BY Erin Voegele
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Rex American Resources on May 28 confirmed work continues on the carbon capture and storage (CCS) and capacity expansion projects at its One Earth Energy facility in Gibson City, Illinois. Both projects are expected to be operational next year.
Conestoga Energy on May 28 announced the successful completion of drilling operations for its first Class VI well designed for CCUS. The well is located near the company’s Bonanza BioEnergy ethanol plant in Garden City, Kansas.
The Illinois House of Representatives on May 20 voted 91 to 19 in favor of a bill that could impact the siting of proposed CCS projects within the state. The Illinois Senate unanimously approved the legislation in April.
The House Ways and Means Committee on May 14 advanced its portion of President Trump’s “big, beautiful” tax bill. The draft legislation amends and extends the 45Z clean fuel production credit but repeals several other clean energy tax credits..
On May 12, the Iowa Senate voted 27-22 to pass HF 639, effectively banning CCS projects in the state. The IRFA said the vote goes against farmers and ethanol producers seeking to unlock ultra-low carbon ethanol markets around the world.