Energy Department Offers Conditional Commitment For First Advanced Fossil Energy Loan Guarantee

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.

Keep reading →http://breakingenergy.com/2016/12/26/energy-department-offers-conditional-commitment-for-first-advanced-fossil-energy-loan-guarantee/?utm_source=hs_email&utm_medium=email&utm_content=39784224&_hsenc=p2ANqtz-8fG0taK2CRD0VnAtYs9C6-NMF_w2XkpWOXFd_etiDaBbSqNgbM0uzS6gR7_SHLUn3WnHANa1RTgLHXDhT8Keb0SP74wA&_hsmi=39784224