Project Tundra Update -- January 28, 2022

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Project Tundra:

• notice to proceed on the $1 billion Project Tundra could be issued as soon as this year (2022)
• North Dakota's flagship CCS
• will capture up to 90% of CO2 emissions from the Milton R Young station
• equivalent to 800,000 gasoline-fueled vehicles off the road / 4 million metric tons of carbon;
• North Dakota: one of two states recently approved for issuing Class VI injection permits
• Project Tundra is the second Class VI injection permit is the second to be issued by the state;
• Minnkota Power is lead on this project
• 45Q tax credit: $50 / ton for CO2 permanently stored
• let's see: 4 million ton x $50 = $200 million tax credit
• if all goes to plan
• Minnkota anticipates construction to begin in late 2022
• three to four years to complete
• could be operational as soon as 2025, but more likely, 2026
• other partners involved include Oxygen Low Carbon Ventures
  

Yesterday, I posted this:

The Biden Boom: trending. 

• none of my readers are going to like this one;
• I can already hear the "but ... but ... but ... but ... but"
• facts don't matter; the narrative matters, and I haven't seen Mitch McConnell's narrative in several years;

Now, from The Williston Herald  -- Biden approves more drilling permits than Trump. Yeah, but.