DEFE0032339
Cooperative Agreement
Overview
Grant Description
Bipartisan Infrastructure Law (BIL) - Magnolia Sequestration Project
This project will provide a feasibility assessment of the technical and non-technical aspects of an integrated carbon storage project in the Lake Charles area of Louisiana.
The overall objective of the project is to advance commerciality of carbon capture and storage (CCS) in this region by characterizing a potential carbon storage site and establish development plans for the storage field.
This project will provide a feasibility assessment of the technical and non-technical aspects of an integrated carbon storage project in the Lake Charles area of Louisiana.
The overall objective of the project is to advance commerciality of carbon capture and storage (CCS) in this region by characterizing a potential carbon storage site and establish development plans for the storage field.
Awardee
Funding Goals
THIS FUNDING OPPORTUNITY ANNOUNCEMENT WILL SUPPORT THE AVAILABILITY OF CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS) AND CARBON DIOXIDE REMOVAL (CDR) TO REACH CLIMATE GOALS BY BUILDING UPON THESE LEARNINGS TO TEST, MATURE, AND VALIDATE CCUS TECHNOLOGIES AT COMMERCIAL-SCALE. ONE ASPECT IS THE NEED TO IMPROVE PRACTICES REGARDING HOW TO EFFICIENTLY AND COST-EFFECTIVELY CHARACTERIZE AND PERMIT COMMERCIAL CARBON STORAGE PROJECT SITE(S) ENSURING THAT SECURE GEOLOGIC CARBON STORAGE IS AVAILABLE IN DIVERSE REGIONS AND SETTINGS THAT WILL SUPPORT LONGER TERM CARBON MANAGEMENT GOALS ACROSS THE US. THE CARBONSAFE INITIATIVE WAS LAUNCHED IN 2016.
Grant Program (CFDA)
Awarding Agency
Funding Agency
Place of Performance
Oberlin,
Louisiana
70655-0000
United States
Geographic Scope
Single Zip Code
Magnolia Sequestration Hub was awarded
Louisiana Carbon Storage Feasibility Study
Cooperative Agreement DEFE0032339
worth $19,777,436
from the Office of Fossil Energy and Carbon Management in September 2024 with work to be completed primarily in Oberlin Louisiana United States.
The grant
has a duration of 1 year and
was awarded through assistance program 81.089 Fossil Energy Research and Development.
The Cooperative Agreement was awarded through grant opportunity Bipartisan Infrastructure Law (BIL): Storage, Validation and Testing (Section 40305): Carbon Storage Assurance Facility Enterprise (CarbonSAFE): Phases III, III.5, and IV.
Status
(Ongoing)
Last Modified 9/3/24
Period of Performance
9/1/24
Start Date
8/31/25
End Date
Funding Split
$19.8M
Federal Obligation
$0.0
Non-Federal Obligation
$19.8M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
DEFE0032339
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
For-Profit Organization (Other Than Small Business)
Awarding Office
892433 NATIONAL ENERGY TECHNOLOGY LABORATORY
Funding Office
892404 FOSSIL ENERGY AND CARBON MANAGEMENT
Awardee UEI
EEMXJMQF3UK1
Awardee CAGE
None
Performance District
LA-04
Senators
Bill Cassidy
John Kennedy
John Kennedy
Modified: 9/3/24