One of the Midwest’s most significant CO2 pipeline projects was delayed by Navigator CO2 Ventures on Tuesday so that the company may reevaluate the proposal.
The corporation has halted all permission applications and withdrawn an important one in Illinois. This decision follows a month in which authorities in South Dakota denied a permission application.
Across South Dakota, Nebraska, Iowa, Minnesota, and Illinois, more than 20 factories would contribute to global warming by emitting carbon dioxide through the proposed 1,300-mile project. The corporation needed Illinois permission since it is where they intended to put the underground storage of carbon dioxide.
Navigator has denied rumors of a project abandonment. After finishing its review, it plans to reapply for permits where necessary.
When they heard the project was being postponed, opponents celebrated the news and vowed to continue their struggle when the corporation reapplied.
Proponents of the proposed pipelines in the area argue that deploying carbon capture technology will help slow global warming. Its detractors point to concerns about its scalability and the high cost of the technology compared to other renewable energy options.
As a result of recently enacted federal tax incentives and billions of dollars allocated by Congress toward carbon capture programs, such ventures have become financially viable.
Summit Carbon Solutions is presenting the largest proposed carbon dioxide pipeline in the region. Despite regulatory obstacles in the Dakotas, it is moving on with its plans. Summit has reapplied for a permit in South Dakota, and North Dakota has agreed to reconsider its refusal of a permit for the $5.5 billion, 2,000-mile pipeline that would cross five states. In August, a separate hearing on the project began in Iowa. Authorities in Minnesota intend to perform a comprehensive environmental study of the endeavor.
Exhaust gases from over 30 ethanol plants in Iowa, Minnesota, Nebraska, North Dakota, and South Dakota would be transported by the Summit pipeline. North Dakota would be used to bury the pollution.