November 14, 2023 – The U.S. Department of Energy (DOE) selected the River Parish Sequestration (RPS) project in Louisiana for $25.6 million in funding to support site characterization activities at the carbon dioxide (CO2) storage hub located in the Louisiana Chemical Corridor between Baton Rouge and New Orleans. The grant award will help RPS advance and de-risk project development to enable commercialization and commercial operations, which could start as early as 2026. RPS’s business model is to provide Louisiana Chemical Corridor emitters with a large-scale, safe, and reliable CO2 transportation and storage service solution.
The DOE grant funding will be used to (i) conduct an aerial magnetic survey, (ii) drill a second test well and collect additional rock core, (iii) engineer and design certain segments of the RPS pipeline system, and (iv) implement a Community Benefits Plan.
Louisiana State University (LSU) is a subrecipient on the grant award and will assist RPS with implementation of the Community Benefits Plan.
Blue Sky’s Co-Presidents Michael Manteris and Oliver Tuckerman announced, “We are excited the DOE selected the RPS Project for a Phase III CarbonSAFE grant. This grant allows us to accelerate the characterization of the project’s storage site, finalize pipeline system plans, and ensure compatibility of CO2 sources. As part of our grant work, we look forward to completing a suite of Community Benefits Plans along with our grant partner LSU and with community partners like the River Parishes Community College and other community stakeholders in the project area.”