(436d) The Role of Carbon Capture and Storage Incentives in Ammonia Fuel Production
AIChE Annual Meeting
2019
2019 AIChE Annual Meeting
Topical Conference: Ammonia Energy
Ammonia Synthesis: Decarbonizing Hydrocarbon Feedstocks and Fuels
Wednesday, November 13, 2019 - 9:12am to 9:35am
US-based hydrogen producers that capture CO2 from the SMR process can earn a federal tax credit. If the captured CO2 is stored via enhanced oil recovery, the tax credits are worth $35 per metric ton sequestered; if the CO2 is stored in saline aquifers, the tax credits are worth $50 per metric ton. A hydrogen producer can also generate credits under the California LCFS, which has compliance pathways for processes that utilize CCS or electrolysis to reduce the carbon intensity of hydrogen. Carbon credits in the LCFS credit market trade for around $150 - $180 per metric ton of CO2. If a producer uses CCS to reduce the carbon intensity of hydrogen sold as transportation fuel in California, the combined value of the available LCFS carbon credits and federal tax credits amounts to a financial incentive in the range of $180 - $230 per metric ton.
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