Office: Loan Programs Office

Funding amount: $2,100,000,000

Period of Availability: Available until expended

Funding Mechanism: Loan / Grant

New Program: Yes

Recipients: State / Local / Public Authority

Description: To establish and carry out a carbon dioxide transportation infrastructure finance and innovation program.

Eligible Uses: Projects that—

  1. are large-capacity, common carrier infrastructure;
  2. have demonstrated demand for use of the infrastructure by associated projects that capture carbon dioxide from anthropogenic sources or ambient air;
  3. enable geographical diversity in associated projects that capture carbon dioxide from anthropogenic sources or ambient air, with the goal of enabling projects in all major carbon dioxide-emitting regions of the United States; and
  4. are sited within, or adjacent to, existing pipeline or other linear infrastructure corridors, in a manner that minimizes environmental disturbance and other siting concerns.

Next Milestone: Estimated application opening date, 4th quarter 2022.