Federal grant · cooperative agreement (b)
The Recipient Intends to Construct and Operate a Post-combustion Carbon Capture System at the Baytown Energy Center (“bec”), the “project''. Bec Is Nominally an 800-MW Base-load Combined Cycle Gas-fired Turbine Power Plant (“CCGT”). the Project Is Expected to Capture and Sequester Approximately 2 Million Metric Tons of CO2 Each Year With Shell Catalysts & Technologies’ (“SCT’S”) Cansolv Amine-based Absorbent, Which Is Tailored for CCGT Flue Gas. an Experienced and Reliable Transportation and Sequestration Vendor Will Permanently Sequester the Captured CO2. the Project Will Include Engagement With Local and State Stakeholders, and It Promises to Create Quality Jobs and Open New Opportunities to Strengthen Community Programming and Deliver Benefits to Disadvantaged Communities, in Furtherance of JUSTICE40 Initiative Goals. the Project, and the Terms of This Cooperative Agreement, Effectuate the Program Goals and Priorities of the Department of Energy (“doe”) for the Development of Transformational Domestic, Commercial-scale, Integrated Carbon Capture and Storage, Demonstration Projects Designed to Further the Development, Deployment, and Commercialization of Technologies to Capture, Transport, and Store CO2 Emissions From an Existing Natural Gas Electric Generation Facility, as Expressed by Congress in the Energy Policy Act of 2005 (42 U.s.c. § 16292(B)(2)(C)) and as Authorized and Directed by Section 41004(B) of the Infrastructure Investment and Jobs Act.
Committed
$12.5 Million
Paid out
$7.4M
59%
Committed, not yet paid
$5.1M
41%
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The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
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One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .
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