Louisiana’s industrial sector could reap more than $3.5 billion in federal tax credits through carbon capture and sequestration projects, The Center Square reports.
According to new data from the Environmental Integrity Project, at least 17 proposed projects in the state’s chemical, refining and LNG sectors would qualify under the federal 45Q program, which pays $85 per ton of carbon dioxide captured and stored. Together, those projects expect to capture more than 42 million tons annually.
Ascension Clean Energy in Ascension Parish stands out, with capacity to capture 12 million tons annually—valued at more than $1 billion in credits. Air Products’ Darrow Blue Energy and St. Rose Blue Ammonia facilities could each secure about $425 million, while Cameron Parish’s G2 Net-Zero Energy Complex could see $340 million.
Altogether, Louisiana has 43 announced CCS projects and 10 pipelines, with 22 designed as regional “hubs,” making the state a focal point of carbon management infrastructure and incentives.
