“Carbon Capture’s Methane Problem: Life Cycle Analysis of Proposed New Mexico Carbon Capture and Sequestration Project Shows 90% or Higher Capture Is a Myth” has been published by the The Institute for Energy Economics and Financial Analysis (IEEFA). The U.S. Department of Energy (DOE) has issued a notice of intent to fund six carbon capture demonstration projects. Two are to be located at new or existing coal-fired generators, two at new or existing gas-fired facilities, and two at new or existing industrial facilities not proposed for electric generation.
IEEFA has chosen to focus on Enchant’s proposed project for three reasons. First, there is publicly available data on the production and emissions at both the plant and the mine. Second, Enchant has acknowledged that there is very limited investor interest in its carbon capture project; consequently, it will be seeking almost $1 billion in funding from the federal government. Finally, San Juan’s current owners have decided that the plant is no longer economical to operate and should be retired this year.
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