Project Tundra has received all necessary permits for safe geologic storage of CO2 near the Milton R. Young Station site. Additionally, the Environmental Protection Agency has approved the project’s Monitoring, Reporting and Verification (MRV) plan, which is necessary to receive 45Q tax credits. Final air permits are being pursued and are anticipated in 2023. Project Tundra is estimated to cost approximately $1.4 billion. The project is currently seeking financial partners to help utilize existing 45Q federal tax credits, which are currently $85 per ton of CO2 that is captured and stored in a geologic formation deep underground. Permitting is currently under way for an adjacent second CO2 storage site.
Minnkota is currently completing a construction-ready engineering design at the Milton R. Young Station. The study includes advanced design, engineering and evaluation of project economics. It is anticipated that this work will be completed near the end of 2023.
Project Tundra’s team has been and will be active in communicating with area land owners and other key stakeholders to ensure all development continues to be transparent and collaborative. Meetings, educational sessions and other opportunities to inform the public on Project Tundra and carbon capture technology have been pursued.
Minnkota is currently completing a construction-ready engineering design at the Milton R. Young Station. The study includes advanced design, engineering and evaluation of project economics. It is anticipated that this work will be completed near the end of 2023.
The Energy & Environmental Research Center at the University of North Dakota is supporting Project Tundra research. The EERC is recognized as one of the world’s leading developers of cleaner, more efficient energy and environmental technologies.
Project Tundra’s team has been and will be active in communicating with area land owners and other key stakeholders to ensure all development continues to be transparent and collaborative. Meetings, educational sessions and other opportunities to inform the public on Project Tundra and carbon capture technology have been pursued.
