The recent cancellation of Heartland Greenway CO2 pipeline by Navigator CO2 Ventures demonstrates the current challenges the carbon capture sequestration (CCS) industry faces. Permit denials in South Dakota and Iowa, as well as resident pushback are just a few of the barriers the CCS industry has encountered.
Christianson PLLP has assembled a team of knowledgeable professionals who can assist ethanol plants in navigating this difficult environment. Our team can create a plan to prepare for the challenges the CCS industry faces, along with providing plants with key insight into complex regulatory rules and language.
Strategies we help craft include understanding and proper utilization of the Inflation Reduction Act (IRA) tax credit and financing opportunities.
We assist with lifecycle analyses (LCAs) for utilization after IRS and Department of Energy approval, including documentation and processing credit claims. We can also provide guidance on the best ways to monetize the §45Q credits, whether through direct pay, transferability, or passing through to members. Other opportunities outside of §45Q may exist for carbon capture, reduction of greenhouse gas emissions, and other plant CI goals.
Christianson PLLP is your resource to proactively plan and understand the CCS industry, adoption of the IRA, and ever-changing legislative landscape.