“Countries are turning to Louisiana to meet their energy needs… but only if we embrace new opportunities. And one of those opportunities is carbon capture.”
Louisiana Governor, Jeff Landry
Industrial Capacity
Louisiana is home to a large number of industrial facilities that produce liquid fuels, chemicals, polymers, and fertilizers. This means we have significant sources of carbon emissions that can be targeted for capture.
Investment Growth
Over the past decade, about $87 billion has been invested in Louisiana’s industrial sectors. This growth not only boosts the economy but also increases the potential for capturing emissions.
Geological Advantages
The geological formations in Louisiana are ideal for safely storing captured carbon dioxide underground. This means we can effectively reduce emissions without compromising safety.
Response to Global Demand
Companies around the world are seeking products with lower carbon footprints. Louisiana industries are responding to this demand by looking for ways to reduce their emissions.
Financial Incentives
The federal government currently offers tax credits (known as “45Q” tax credits) to encourage carbon capture and storage projects. This financial support makes it easier for our industries to invest in cleaner technologies.