WASHINGTON – Carbon dioxide was first captured and pumped underground on a commercial scale at a natural gas processing facility in Texas in 1972.
Almost half a century later, despite growing demand for the technology as world leaders seek to tackle climate change, carbon capture is still struggling to take hold. The number of projects in development around the world remains lower than it was 10 years ago, after companies that invested in carbon capture systems struggled to make a profit, despite billions of dollars. government grant dollars. Now, as Congress and President Joe Biden invest billions more in expanding carbon capture in the United States, and the oil and gas industry is increasingly on board, the capture industry carbon could have its last and best chance to develop.