Pennsylvania Carbon Dioxide Storage Unit Agreement

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Multi-State
Control #:
US-OG-953
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Word; 
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Description

This form is a carbon dioxide storage unit agreement.
The Pennsylvania Carbon Dioxide Storage Unit Agreement is a legal document outlining the terms and conditions for the storage of carbon dioxide (CO 2) in a designated unit within the state of Pennsylvania. This agreement seeks to address the growing concern over greenhouse gas emissions and climate change by providing a framework for operators to safely and responsibly store CO 2 underground. The agreement serves as a regulatory mechanism to ensure compliance with state and federal laws related to carbon capture, utilization, and storage (CCS). It establishes the rights and obligations of both the storing party (usually a company or operator seeking to store CO 2) and the state of Pennsylvania as the regulatory authority. Key provisions of the Pennsylvania Carbon Dioxide Storage Unit Agreement include: 1. Designated Storage Unit: The agreement defines the specific underground storage unit in Pennsylvania where the CO 2 will be stored. This unit is typically located in deep geologic formations that can safely contain the captured CO 2. 2. Permitting and Monitoring: The agreement outlines the process for obtaining necessary permits, licenses, and approvals required for CO 2 storage operations. It also establishes monitoring and reporting requirements to ensure the safety and integrity of the storage unit. 3. Liability and Insurance: The agreement specifies the liability and financial responsibility of the storing party in case of any accidental release or damage caused by CO 2 storage activities. It may also require the storing party to maintain adequate insurance coverage to mitigate potential risks. 4. Closure and Decommissioning: The agreement outlines the procedures for closure and decommissioning of the storage unit once the CO 2 storage operations are complete or if deemed necessary due to safety concerns. This includes post-closure monitoring and site restoration to ensure long-term environmental safety. Different types of Pennsylvania Carbon Dioxide Storage Unit Agreements may exist based on variations in storage unit locations, capacities, and specific contractual terms. For example, there might be agreements focused on onshore storage units, offshore storage units, or even agreements specifically for storage units within specific geologic formations like saline aquifers or depleted oil and gas reservoirs. Overall, the Pennsylvania Carbon Dioxide Storage Unit Agreement serves as a vital tool for promoting CO 2 storage as a means to mitigate greenhouse gas emissions and combat climate change. By facilitating the safe, secure, and well-regulated storage of CO 2, Pennsylvania aims to play a proactive role in transitioning towards a more sustainable and low-carbon future.

The Pennsylvania Carbon Dioxide Storage Unit Agreement is a legal document outlining the terms and conditions for the storage of carbon dioxide (CO 2) in a designated unit within the state of Pennsylvania. This agreement seeks to address the growing concern over greenhouse gas emissions and climate change by providing a framework for operators to safely and responsibly store CO 2 underground. The agreement serves as a regulatory mechanism to ensure compliance with state and federal laws related to carbon capture, utilization, and storage (CCS). It establishes the rights and obligations of both the storing party (usually a company or operator seeking to store CO 2) and the state of Pennsylvania as the regulatory authority. Key provisions of the Pennsylvania Carbon Dioxide Storage Unit Agreement include: 1. Designated Storage Unit: The agreement defines the specific underground storage unit in Pennsylvania where the CO 2 will be stored. This unit is typically located in deep geologic formations that can safely contain the captured CO 2. 2. Permitting and Monitoring: The agreement outlines the process for obtaining necessary permits, licenses, and approvals required for CO 2 storage operations. It also establishes monitoring and reporting requirements to ensure the safety and integrity of the storage unit. 3. Liability and Insurance: The agreement specifies the liability and financial responsibility of the storing party in case of any accidental release or damage caused by CO 2 storage activities. It may also require the storing party to maintain adequate insurance coverage to mitigate potential risks. 4. Closure and Decommissioning: The agreement outlines the procedures for closure and decommissioning of the storage unit once the CO 2 storage operations are complete or if deemed necessary due to safety concerns. This includes post-closure monitoring and site restoration to ensure long-term environmental safety. Different types of Pennsylvania Carbon Dioxide Storage Unit Agreements may exist based on variations in storage unit locations, capacities, and specific contractual terms. For example, there might be agreements focused on onshore storage units, offshore storage units, or even agreements specifically for storage units within specific geologic formations like saline aquifers or depleted oil and gas reservoirs. Overall, the Pennsylvania Carbon Dioxide Storage Unit Agreement serves as a vital tool for promoting CO 2 storage as a means to mitigate greenhouse gas emissions and combat climate change. By facilitating the safe, secure, and well-regulated storage of CO 2, Pennsylvania aims to play a proactive role in transitioning towards a more sustainable and low-carbon future.

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FAQ

(a) General rule. --The ownership of all pore space in all strata below the surface lands and waters of the Commonwealth shall be vested in the owner of the surface above the pore space.

CO2 is transported, stored and handled in liquid form, either at ambient temperature (in cylinders or non-insulated storage tanks at a pressure of 45-65 bar) or refrigerated (in insulated tankers and storage tanks) at temperatures between -35 °C and -15 °C and pressures of 12 to 25 bar.

How can CO2 be stored underground? Compressed CO2 can be injected into porous rock formations below the Earth's surface using many of the same methods already used by the oil and gas industry. The three main types of geological storage are oil and gas reservoirs, deep saline formations, and un-minable coal beds.

CO2 has been safely stored for decades Using geospatial data on sedimentary thickness and other parameters, total global storage capacity has been estimated at between 8 000 Gt and 55 000 Gt.

Creates the Underground Carbon Dioxide Storage Act. Provides that the Act applies to the underground storage of carbon dioxide but does not apply to extractable mineral resources, and the rights and requirements of the Act are subordinate to the rights pertaining to oil, gas, and coal resources.

Usually the CO2 is captured from large point sources, such as a chemical plant or biomass plant, and then stored in an underground geological formation. The aim is to reduce greenhouse gas emissions and thus mitigate climate change.

Depth ? The CO2 storage zone needs to be located at a sufficient depth and pressure so that CO2 can be injected as a supercritical fluid. Supercritical CO2 is dense and behaves more like a liquid than a gas, allowing for storage of higher concentrations of CO2 by volume.

This Act ensures a permanent storage of CO2 in underground rock layers in a way that protects humanity and the environment and takes the responsibility for future generations into consideration.

More info

CO2 budget units regulated under the Pennsylvania CO2 Budget Trading Program. This form should be completed and submitted to the Pennsylvania Department of ... Jun 21, 2023 — PA SB831. Providing for the injection of carbon dioxide into an underground reservoir for the purpose of carbon sequestration, for the ownership ...by MITCS Initiative · 2005 — as a gas storage agreement granting United Fuel Gas the right to inject and store gas in ... (1) that the use of the geologic storage facility for CO2 storage ... May 8, 2009 — No current lease terms and conditions address the ownership of the pore space and storage of CO2 on the Federal lands. Existing laws and ... by RL Gresham · Cited by 34 — Here we assess the economic impact if GS project developers must lease or purchase the rights to sequester CO2 in the subsurface under arrangements similar to ... The appendices to this manual include EPA's standard operating procedures for primacy application reviews; a crosswalk for comparing federal and state Class VI ... WHAT IS CARBON CAPTURE AND STORAGE? Carbon storage diagram showing CO2 injection into a saline formation while producing brine for beneficial use. CARBON USE & STORAGE FORMS PROGRAM · Carbon Dioxide Storage Agreement · Carbon Dioxide Storage and Secondary Recovery Unit Agreement · Production and Storage Unit ... May 2, 2022 — Louisiana will issue a certificate of completion upon a mere showing by the Storage Operator that “the reservoir is reasonably expected to ... May 2, 2022 — Louisiana's law does cap liability—regardless of the trust fund amount—against “the owner or operator of a storage facility, carbon dioxide ...

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Pennsylvania Carbon Dioxide Storage Unit Agreement