BIPARTISAN INFRASTRUCTURE LAW (BIL) - FLORIDA REGIONAL DIRECT AIR CAPTURE (DAC) HUB THE OVERALL OBJECTIVE OF THIS PROJECT IS TO COMPLETE A FEASIBILITY STUDY FOR A REGIONAL DIRECT AIR CAPTURE (DAC) HUB THAT ENCOMPASSES PORT SMITH REGION IN THE STATE OF FLORIDA. THE GEOGRAPHIC CONSTRUCT OF THIS HUB IS BASED ON THE THICK, PERMEABLE SALINE AQUIFERS (TUSCALOOSA GROUP (4,920-7,050 FT)) – A GEOLOGICAL AREA WHERE A SIGNIFICANT NUMBERS OF GEOLOGICAL STORAGE STUDIES HAVE BEEN CONDUCTED. THE HUB IS DESIGNED TO ASSURE A CAPACITY TO CAPTURE, STORE AND UTILIZE AT LEAST 1,000,000 METRIC TONS (TONNES) OF CO2 FROM THE ATMOSPHERE ANNUALLY (1 MTA), STARTING FROM AN INITIAL CAPACITY OF 150,000 TONNES OF CO2 ANNUALLY (150 KTA). THE HUB WILL PROGRESSIVELY INCLUDE DIFFERENT DAC TECHNOLOGIES AS THESE TECHNOLOGIES’ TECHNOLOGY READINESS LEVEL (TRL) MEETS OR EXCEEDS 6. THE HUB ALSO INCLUDES: (1) CLEAN ENERGY PROVIDERS TO SUPPLY RENEWABLE ENERGY TO THE DAC UNITS; (2) PIPELINE PROVIDERS THAT WILL ENABLE TRANSPORTATION OF THE CAPTURED CO2 FROM THE DAC SYSTEMS TO THE STORAGE LOCATIONS; (3) GEOLOGICAL STORAGE FACILITIES TO INJECT AND SEQUESTRATE THE CAPTURED CO2; AND (4) MINORITY OWNED SMALL BUSINESS ORGANIZATIONS THAT WILL DEAL WITH THE ENVIRONMENTAL JUSTICE (EJ), DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY (DEIA), AND JUSTICE40 (J40) CONCERNS AND WILL REACH OUT TO THE STAKEHOLDERS IN THE RELEVANT REGIONS. THE STUDY WILL BE EXECUTED IN TWO PHASES: PHASE 0A AND PHASE 0B. PHASE 0A’S OBJECTIVE IS TO COMPLETE A PRE-FEASIBILITY STUDY FOR THE REGIONAL DAC HUB. THE SPECIFIC OBJECTIVES OF THIS PHASE ARE TO: (I) DEFINE THE ORGANIZATION OF THE DAC HUB; (II) SELECT THE DAC TECHNOLOGIES; (III) COMPLETE THE DAC HUB DATA TABLES; (IV) ASSESS THE LIFE CYCLE EMISSIONS; (V) IDENTIFY SAFETY, SECURITY AND REGULATORY REQUIREMENTS; (VI) IDENTIFY FINANCING REQUIREMENTS FOR FUTURE PHASES; (VII) DEFINE PLANS FOR MATURATION OF SELECTED TECHNOLOGIES; AND (VIII) PROPOSE A PATH TO COMMUNITY BENEFITS PLANNING. PHASE 0B’S OBJECTIVE IS TO COMPLETE THE FEASIBILITY STUDY FOR THE REGIONAL DAC HUB. THE SPECIFIC OBJECTIVES OF THIS PHASE ARE TO: (I) DESCRIBE THE ORGANIZATION OF THE DAC HUB; (II) DESCRIBE THE DAC TECHNOLOGIES; (III) COMPLETE THE DAC HUB DATA TABLES; (IV) COMPLETE A PRELIMINARY FRONT END ENGINEERING AND DESIGN (PRE-FEED) OF THE INTEGRATED DAC SYSTEM; (V) COMPLETE A CONCEPTUAL STUDY OF THE BALANCE-OF-PLANT (BOP); (VI) ASSESS THE LIFE CYCLE EMISSIONS; (VII) DEFINE PLANS FOR STORAGE FIELD DEVELOPMENT; (VIII) ASSESS ENVIRONMENT, HEALTH AND SAFETY (EH&S) RISKS; (IX) DEFINE SAFETY, SECURITY AND REGULATORY REQUIREMENTS; (X) DEFINE A BUSINESS PLAN; (XI) DEFINE A FINANCIAL PLAN; (XII) UPDATE PLANS FOR MATURATION OF SELECTED TECHNOLOGIES; AND (XIII) DEFINE A COMMUNITY BENEFITS PLAN.