Indiana Carbon Capture Opportunities

Carbon capture can play a vital role in the future of Indiana’s energy system as support grows within the state for this technology. Indiana has 48 facilities qualifying for the expanded 45Q federal tax credit, 30 of which are also identified as potentially economically feasible candidates for carbon capture. With large storage potential in the Illinois Basin and a broad set of clean energy legislation, Indiana is strategically positioned to adopt this economically valuable technology, enabling the state to meet its growing environmental and energy needs.

The Regional Carbon Capture Deployment Initiative has identified industrial facilities in numerous states as early candidates for carbon capture retrofits. These facilities could qualify for the revamped federal 45Q tax credit for projects that capture carbon for geologic storage and beneficial use. Facilities were selected based on emissions, equipment, and estimated capture cost.

The Regional Carbon Capture Deployment Initiative estimated theoretical capture costs based on published capture equipment costs, facility-specific operational patterns, existing equipment, and level of emissions. Based on that data, the graphic below displays several of Indiana’s most likely economically feasible candidates for capture, along with estimated capturable emissions in million metric tons and estimated range of capture costs for facilities in each industry. This list is not meant to be definitive. Commercial decisions by participating companies and policy and regulatory decisions by state governments will ultimately determine if a project is feasible for carbon capture. “Captured Emissions” refers to the amount of CO2 that can be expected to be captured at a facility considering relevant technological and economic constraints.