(WBBM NEWSRADIO) — The U.S. Department of Energy has announced that it will contribute about $98 million to help create a carbon storage hub at the BP Refinery in Whiting, Ind.
The entire project — dubbed “Project Crossroads” — is expected to cost close to $138 million. Through the capture and storage of up to 23 million tons of carbon emissions each year in underground wells, officials said they hope to lessen greenhouse gas emissions.
The captured carbon would then be transported by pipeline to sites downstate.
U.S. Rep. Frank Mrvan (D-Ind.) called news of the federal funding “outstanding” and said it builds on a recent announcement of a clean hydrogen hub.
Mrvan added that the announcement positions northwest Indiana to remain “a leader in creating new clean energy jobs and technologies.”
According to the Department of Energy, the Whiting project was one of 16 chosen to receive federal funding.
In all, more than $444 millions was earmarked to support the 16 projects.
U.S. Secretary of Energy Jennifer Granholm said the projects will “help slow the harmful effects of climate change … while revitalizing local economies and delivering cleaner air to the American people.”