“A BlackRock-backed company has abandoned plans to build a 1,300-mile pipeline across the US Midwest to collect and store carbon emissions from the corn ethanol industry,” reports Ars Technica.
The move follows opposition from landowners and some environmental activists.
Navigator CO2 said Friday that development of its carbon capture and storage (CCS) project called Heartland Greenway has been “challenging” due to the unpredictable nature of regulatory and government processes in South Dakota and Iowa. Navigator’s decision to abandon its flagship $3.1 billion project – one of the largest of its kind in the United States – is a blow to a nascent industry… It also represents a setback for The carbon-intensive corn ethanol refining industry, a pillar of the rural Midwest economy that targets industrial-scale CCS as a way to reduce emissions…
The project has faced opposition from local landowners, who have expressed concerns about security and property seizures, and from some environmentalists who describe CO2 pipelines as dangerous and a way to prop up the industry fossil fuels, which already has a network of such infrastructure. Addressing Navigator’s decision, the Coalition To Stop CO2 Pipelines said it “celebrates this victory” but added, “we also know that the tax incentives made available by the federal government for capture, transportation and Carbon storage likely means another entity will choose to launch the Navigator project or find a different route through Illinois.
The article cites an analyst at energy research firm Wood Mackenzie who believes the cancellation could benefit rival carbon capture companies like Summit Carbon Solutions, which is planning an even larger network of CO2 pipelines throughout the Midwest, and could try to sign agreements with the former Navigator. clients.