Summary/Abstract
This bill would establish and fund a grant program for the procurement and utilization of carbon-derived products. State and local governments and public utilities would be eligible. This bill would also establish and fund a carbon capture technology program for front-end engineering, funding the design of carbon transport infrastructure and a loan program to support its development. The legislation would expand large-scale carbon storage commercialization and address feasibility, site characterization, permitting, and construction. Also included: funding for the EPA to permit Class VI wells and award grants for their permitting at the state level, funding for the development of four regional DAC hubs, and a DAC technology prize for pre-commercial and commercial projects.