LOUISIANA OFFSHORE CARBON DIOXIDE HUB REPURPOSING INFRASTRUCTURE TO DECREASE GREENHOUSE EMISSIONS (PROJECT LOCHRIDGE). PROJECT LOCHRIDGE SUPPORTS THE UNITED STATES DEPARTMENT OF ENERGY’S CARBONSAFE PHASE II PROGRAM GOALS OF REDUCING PROJECT RISKS AND COSTS FOR FUTURE CARBON DIOXIDE CAPTURE, UTILIZATION, AND STORAGE PROJECTS, BRINGING MORE STORAGE RESOURCES INTO COMMERCIAL CLASSIFICATIONS THAT SUPPORT BUSINESS AND FINANCIAL DECISIONS, AND ENCOURAGING MORE RAPID GROWTH OF A VIBRANT, GEOGRAPHICALLY WIDESPREAD INDUSTRY FOR GEOLOGIC CARBON STORAGE. PROJECT LOCHRIDGE WILL ACHIEVE FIVE KEY OBJECTIVES TO ESTABLISH AN OFFSHORE STORAGE COMPLEX, INCLUDING: 1) DEMONSTRATE THAT THE SUBSURFACE SALINE FORMATIONS AT THE STORAGE COMPLEX CAN STORE AT LEAST 50 MILLION METRIC TONS OF CAPTURED CARBON DIOXIDE SAFELY AND PERMANENTLY OVER A 30-YEAR PERIOD; 2) CONDUCT MEANINGFUL ENGAGEMENT AND TWO-WAY COMMUNICATIONS WITH COMMUNITIES AND STAKEHOLDERS TO INFORM PROJECT PLANNING AND DESIGN, ADDRESS POTENTIAL SOCIETAL CONCERNS AND IMPACTS, AND SEEK OPPORTUNITIES FOR ECONOMIC REVITALIZATION AND JOB CREATION; 3) IDENTIFY COMMERCIAL PROJECT RISKS AND DEVELOP A COMPREHENSIVE MITIGATION STRATEGY; 4) COMPLETE A TECHNICAL AND ECONOMIC FEASIBILITY ASSESSMENT; AND 5) DEVELOP A PLAN FOR SUBSEQUENT DETAILED SITE CHARACTERIZATION TO SUPPORT THE UNITED STATES DEPARTMENT OF INTERIOR’S BUREAU OF SAFETY AND ENVIRONMENTAL ENFORCEMENT OUTER CONTINENTAL SHELF PERMIT READINESS.
$8,441,915FY2023Department of EnergyDOE
Southern States Energy Board