Shili Yang

Jul 10, 2023 | enverus.com | Shili Yang |Erin Faulkner |Ivana Petrich |Joseph Gyure

CCUS has gathered impressive momentum over the past two years as companies seek to exploit the technology’s economic and environmental benefits. In the U.S., the number of Class VI well permit applications for permanent geological CO2 storage surged by 40, or 800%, between May 2021 and May 2023, owing largely to enhancements to the 45Q tax credit. Despite the rise, the EPA and company websites provide limited transparency on proposed injection well locations.