Monkey Island Carbon Storage Project (MICSP) has been selected for the U.S. Department of Energy’s CarbonSafe Initiative

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CARBONSAFE PHASE III: SITE CHARACTERIZATION AND PERMITTING - Monkey Island Carbon Storage Project — Advanced Resources International Inc. (Arlington, Virginia) plans to develop a commercial-scale geologic CO2 storage hub in state waters near Monkey Island, Louisiana. The project will focus on establishing and performing a detailed commercial CO2 site assessment, followed by obtaining the necessary UIC Class VI permits and creating storage field development and community outreach plans. The project goals are to establish leading practices related to permitting requirements for offshore carbon capture and storage development for CO2 storage projects in Louisiana State waters and to attract brownfield/greenfield carbon capture and storage projects to the Louisiana Coast. Community outreach efforts will focus on bettering the socio-economic conditions for distressed communities by providing high-paying jobs to the displaced energy industry workforce and improving regional air quality.

DOE Funding: $21,175,655
Non-DOE Funding: $5,293,913
Total Value: $26,469,568

https://content.govdelivery.com/accounts/USDOEOFE/bulletins/37b02af

For more information about the CarbonSafe Initiative, please visit https://netl.doe.gov/node/12878#:~:text=The%20U.S.%20Department%20of%20Energy's,and%20storage%20(CCS)%20deployment.

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