When North Dakota became the first state to gain authority over underground carbon storage,a financial boon swiftly followed.Summit Carbon Solutions announced a $4.5 billion plan to pipe carbon from ethanol plants in surrounding states to North Dakota for deep geological storage.Meantime,the state unveiled its own ambitious plans to build the world's largest carbon capture facility.Wyoming made similar gains when it received primacy over Class VI injection wells in 2021.Now,Texas is seeking the same opportunities.As it stands,the Environmental Protection Agency(EPA)has sole authority to issue permits for Class VI injection wells,which are used for deep geological carbon storage.Only two well permits,both in Illinois,have been issued for injection as of the publication of this article.This slow moving and arduous application process has been a source of frustration for governments and industries eager to meet climate reduction goals and cash in on a burgeoning,lucrative market.
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