Saint Johns

Four Corners Carbon Storage Hub: CarbonSAFE Phase III Project — New Mexico Institute of Mining and Technology (Socorro, New Mexico) plans to perform a comprehensive commercial-scale site characterization study at three proposed storage sites within the San Juan Basin in northwest New Mexico to facilitate in the development of the Four Corners Carbon Storage Hub. The project will use data obtained from the geologic characterization study and environmental analysis to verify that each proposed site can securely store 50 million Mt of CO2 over a 30-year period. The project will prepare, submit, and obtain the UIC Class VI permit. The storage hub will source CO2 from at least four industrial sites and intends to store at least 240 million Mt of CO2 over 30 years. The project will continue with existing outreach programs and support industry-based programs to educate the public on the usefulness of integrated carbon capture and storage projects. Development of the storage hub will positively impact the community by reducing the region’s ambient CO2 concentration; directly and indirectly creating jobs that support the local and regional economy; providing additional streams of income that will accelerate development from carbon credits to support local communities and enhance the economic and financial resilience of the region; and providing socio-economic benefits associated with improving and expanding infrastructure. (DOE Funding: $41,409,910, Non-DOE Funding: $10,391,003, Total: $51,800,913)