Agency: Department of Energy – Carbon Dioxide Transportation Infrastructure Finance and Innovation Program Account
Description:
Provides federal credit instruments like a loan guarantee, a secured loan, or a grant to CCS infrastructure projects. Loan Project Office said appropriations translate to about $20 billion in loan guarantee authority.
CIFIA loans cannot be drawn to finance the scope and/or phase of a project that is also financed through other federal assistance.
Bill Section:
40304
New or Existing:
New
Potential Cost:
$2,100,000,000
Timeline:
FY22-26
Implementation Status/Rulemaking:
On October 5, 2022, DOE published guidance for the Carbon Dioxide Transportation Infrastructure Finance and Innovation Program (CIFIA): Source
Approximately $500 million of CIFIA program funding will be used to provide grants, known as Future Growth Grants. On December 1, 2022, DOE issued a Request for Information (RFI) on the implementation of Future Growth Grants under CIFIA: Source
TCS Notes:
A loan and grant program to increase carbon capture and sequestration projects. Eligible projects must be large-capacity, common carrier infrastructure; (B) have demonstrated demand for use of the infrastructure by associated projects that capture carbon dioxide from anthropogenic sources or ambient air; (C) enable geographical diversity in associated projects that capture carbon dioxide from anthropogenic sources or ambient air, with the goal of enabling projects in all major carbon dioxide-emitting regions of the United States; and (D) are sited within, or adjacent to, existing pipelines or other linear infrastructure corridors, in a manner that minimizes environmental disturbance and other siting concerns.
Other TCS Resources:
Carbon Capture and Storage (CCS)
Letter to LPO on Management of Title XVII Innovative Clean Energy Loan Guarantee and CIFIA Programs
Letter to FECM on Oversight of CCS Projects and CIFIA Program