- Jun 27, 2021 8:35 am GMT
The sources of the CO2 are interesting: production of ethanol and scrubbing of CO2 from biogas anaerobic digesters of dairy cow manure for RNG. I was also surprised by the scale of the project revenue cited in the article. The figure was $500 million of revenue per year from sequestration of 2 million tons of CO2. That would correspond to $250 per metric ton of CO2. Both the IRS 45Q tax credit rules and the California LCFS rules are complex, but I don't think they total up to anywhere close to $250 per ton of CO2. Either it's an error in reporting, or there's a lot of leveraging going on.
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