Tuesday, December 27, 2016
Energy Department Offers Conditional Commitment For First Advanced Fossil Energy Loan Guarantee
By By U.S. Department of Energy, / Monday, December 26, 2016 12:00 PM
WASHINGTON — The U.S. Department of
Energy today offered a conditional commitment to guarantee loans of up
to $2 billion to Lake Charles Methanol, LLC to construct the world’s
first methanol production facility to employ carbon capture technology
in Lake Charles, Louisiana. The captured carbon would be utilized for
enhanced oil recovery (EOR) in Texas.
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