2 firms join carbon capture plan to jointly develop carbon capture and sequestration within Nebraska
Chief Industries Inc., a company that operates two ethanol plants in Nebraska, announced last month it had entered into an agreement with Catahoula Resources to jointly develop carbon capture and sequestration (CSS) within the state.
The news follows an announcement in May by Catahoula and Battelle that the two organizations are partnering to develop solutions for the capture, transport and sequestration of carbon dioxide produced at ethanol facilities in Nebraska.
Chief Industries said it is currently working with Catahoula, a portfolio company of private investment firm The Energy and Minerals Group, to evaluate CCS infrastructure investments that will enhance the sustainability and improve the economics of ethanol production. Work has already begun to evaluate favorable storage geology through Catahoula’s joint venture arrangement with Battelle, Chief Industries said in a statement.
Legislation LB 650
The announcement issued by Chief Industries follows legislation, LB 650, that was signed by Nebraska Gov. Pete Ricketts in May that creates a legal framework for CCS projects located within the state.
“The passage of LB650 shows that Nebraska is serious about our global environment. Allowing for the geologic storage of carbon dioxide will truly benefit the citizens and industries within our state,” said DJ Eihusen, chief executive of Chief Industries. “Chief is excited to be teaming up with a group such as Catahoula.’’
Jeff Rawls, chief executive of Catahoula Resources, said: “We see Nebraska’s forward-thinking support of carbon dioxide sequestration as a springboard for differentiating the Nebraska’s ethanol industry and we are excited to expand upon this vision by aligning with Chief–a strong, deeply rooted, family-owned company. The use of proven carbon capture infrastructure targeting nearby, low-cost storage is a compelling plan for investment in the local economies of Nebraska.’’