Power Generation Projects (Combined with CCUS)
Carbon Capture, Utilization and Storge (CCUS) use has been introduced to retrofit biomass, natural gas, or coal-fired power plants and abate their CO2 emissions
In 2019, 60% of the electricity generation relied on coal or natural gas use, and the global electricity generation is forecasted to grow by 23% from 2019 to 2030. In the World Energy Outlook 2020 Stated Policies Scenario, CCUS will be needed to mitigate the additional emissions.
Several major Power Generation projects (combined with CCUS) are now in operation, and more are coming up, around the world.
45Q Tax Credit is a great opportunity for power producers to monetize the CO2 emissions produced during their power generation processes. But to qualify for this tax credit, the CO2 emissions must be captured, and then that captured CO2 must either be stored underground in secure geologic formations or used for CO2 enhanced oil recovery (EOR) projects, or utilized in other projects that permanently sequester/store CO2.
The sesoned consultants of A&A Consulting Team are available to help power producers on ALL aspects of their GHG emissions related 45Q Tax Credit projects, to take full advantage of this tax credit opportunity, by providing state-of-the-art consulting services whenever requested.
To put the high-level and seasoned consultants, subject matter experts (SME), of A&A Consulting Team to work on your company's GHG emissions related 45Q Tax Credit projects, please contact us.
