Ohio Carbon Capture Opportunities
With over 20 years of carbon capture research and demonstration experience and 26 industrial and power facilities capable of capturing nearly 45 million metric tons of CO2 annually in the near to medium term, Ohio holds immense promise for carbon capture technology. Governor Mike DeWine supports carbon capture as one of the solutions to a clean energy future in America, and enhanced state-level policy in Ohio could further accelerate the deployment of emissions reducing carbon capture technology while capitalizing on the economic opportunities carbon capture can bring to the state. Ohio is positioned as a primary hub and corridor for the transport of regional CO2, with near- and medium-term modeling suggesting up to 929 miles of CO2 transport infrastructure capable of generating over $1.8 million in capital investment in the state.
Industrial Facilities that Qualify for the Tax Credit in Ohio
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 from industrial facilities and power plants for geologic storage and beneficial use. Facilities were selected based on emissions, equipment, and estimated capture cost.
Economically Feasible Industries in Ohio
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 Ohio’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 carbon dioxide that can be expected to be captured at a facility considering relevant technological and economic constraints.
