CO2 Infrastructure Finance and Innovation Act (CIFIA) Program & Future Growth Grants
Office of Fossil Energy and Carbon Management
To provide secured loans or loan guarantee to projects (of at least $100m) involving common carrier carbon dioxide transportation infrastructure or associated equipment, including pipeline, shipping, rail, or other transportation infrastructure and associated equipment, that will transport or handle carbon dioxide captured from anthropogenic sources or ambient air.
Applicant and/or Project Eligibility Requirements
Loan-eligible projects must be greater than $100M. Grants must (A) attract public or private investment, (B) enable a project to proceed at an earlier date, or (C) reduce the lifecycle costs (including debt service costs) of the project. Future Growth Grants may only pay the costs of any additional flow rate capacity of a carbon dioxide transportation infrastructure asset.
CIFIA will help finance the development of carbon capture, utilization, and storage infrastructure to reduce CO2 emissions. Extracting CO2 directly from the atmosphere has the potential to act as an important tool to achieving a net-zero future, yet utilizing such systems can be costly. Improving technology can help to address the cost issue and further reduce the carbon emissions.
DOE will enable geographical diversity in associated projects that capture carbon dioxide from anthropogenic sources or ambient air, with the goal of enabling projects in all major carbon dioxide-emitting regions of the United States.