Cooperative Agreement DEFE0032330

Award Date 9/26/24
Completion Date 8/25/25
Dollars Obligated $37M
Funding Federal Agency
Office of Fossil Energy
Awarding Federal Agency
National Energy Technology Lab
Federal Grant Program
81.089
Assistance Type
Cooperative Agreement
Place of Performance
Houston, TX 77027, USA
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  1. Obtain regulatory approval for the CO2 injection site's suitability for geologic storage
  2. Generate public awareness and community/stakeholder support for the project
  3. Sufficiently evaluate project risks to secure commercial commitments
  4. Submit all critical permit applications
  5. Complete necessary engineering work to achieve financial close and begin project execution

The primary beneficiaries are the regulatory authorities, investors, and CO2 offset counterparties, with the general public also benefiting through outreach and education about carbon capture and sequestration. The award was granted to Timberlands Sequestration LLC, a for-profit limited liability company, on September 26, 2024, with a target completion date of August 25, 2025.

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