SOCIOECONOMIC OVERVIEW OF THE PCOR PARTNERSHIP REGION
The PCOR Partnership region is home to abundant and diverse sources of anthropogenic CO2 (e.g., coal- and gas-fired power plants, gas processing plants, ethanol plants), fitting geology for CO2 storage and utilization, and an existing network of CO2 transport pipeline infrastructure. Energy development continues to evolve as society pursues low- or no-carbon solutions to energy needs. While renewable energy development such as wind, solar, and hydroelectric continues to increase in popularity, fossil fuel usage will continue to be the backbone for energy supplies for the foreseeable future. The supply and demand for energy varies across the PCOR Partnership region. Some states may transport fossil fuels (i.e., coal) to nearby states for energy generation (e.g., electricity), while other states may produce the energy (e.g., electricity, ethanol) in-state and transport the energy product to another jurisdiction. Carbon capture, utilization, and storage (CCUS) offers one approach to reducing energy-related CO2 emissions from fossil fuel use. Implementation of CCUS projects can provide significant economic benefits to local communities through employment opportunities, increased capital expenditures, and increased tax revenue. An evaluation of available information on operating and actively developing projects provides insight into the benefits that CCUS has already provided or is expected to provide in the near future. Understanding the socioeconomic benefits of CCUS helps to illustrate the benefits in bringing CCUS projects to communities for project developers, government officials, and the general public.View/Download Document