Business Wire, Mar. 20, 2023
Gulf Coast Sequestration Hub Can Assist in Decarbonizing Local Industry while Supporting Jobs
LAKE CHARLES, La.–(BUSINESS WIRE)–A new report from LSU’s Center for Energy Studies estimates that a planned carbon capture and sequestration hub to be located in Calcasieu Parish could abate climate damage, support jobs and workers, and protect the energy industry by capturing industrial carbon emissions and storing carbon dioxide permanently underground.
The report, prepared for Gulf Coast Sequestration, estimates the regional and national economic implications of GCS’s planned carbon capture and sequestration hub. Produced in partnership with GCS, the report is authored by David Dismukes, professor emeritus, LSU Center for Energy Studies; Greg Upton, interim executive director, LSU Center for Energy Studies; Ron Minsk, an energy and environmental policy consultant who served as a special assistant to President Obama for Energy and Environment and special assistant to President Clinton for Economic Policy; and Brian Snyder, associate professor, LSU Department of Environmental Sciences.
GCS plans to build the first hub in the United States to permanently store carbon dioxide emissions. Its target market is large industrial facilities looking to reduce their lifecycle greenhouse gas emissions to preserve the economic competitiveness of the region.
The planned GCS hub is located in Calcasieu Parish, near an important industrial corridor that includes some of the largest fuel and petrochemical manufacturers in the U.S. The report notes that these processes create “hard-to-abate” emissions for which carbon capture and storage “offers a clear pathway to an improved carbon footprint, which can allow such activities to continue and thrive in a low-carbon environment.”
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