David Greeson, development lead for Minnkota’s Project Tundra, spoke at the CO2NNECT Conference in June on progress and next steps for Project Tundra.
CO2NNECT brings together a broad cross section of leaders from industry, finance, investment and others on deploying carbon capture technology. During his speech, Greeson references 45Q federal tax credits, which provide $50 per ton for CO2 stored underground and $35 per ton for CO2 used for enhanced oil recovery (EOR). Minnkota is pursuing the use of these tax credits for Project Tundra.
Greeson's address begins at the 4:00 minute mark of the video.