Washington Carbon Dioxide Storage Unit Agreement

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

This form is a carbon dioxide storage unit agreement.

The Washington Carbon Dioxide Storage Unit Agreement is a legally-binding agreement that governs the storage of carbon dioxide (CO2) in underground storage units within the state of Washington. The main objective of this agreement is to ensure the safe and effective storage of captured CO2 to reduce greenhouse gas emissions, promote clean energy technologies, and support environmental sustainability efforts. Under this agreement, the Washington Department of Ecology provides regulatory oversight and establishes standards for storage unit operators, ensuring compliance with environmental regulations and minimizing potential risks associated with CO2 storage. The agreement outlines specific requirements and procedures to be followed during the selection, development, and operation of storage units. The agreement encompasses different types of Washington Carbon Dioxide Storage Unit Agreements, which can be categorized as: 1. Permitting Agreement: This type of agreement focuses on the permitting process required for establishing a CO2 storage unit. It includes details about the application process, environmental impact assessments, and the criteria for granting permits to storage unit operators. 2. Operation Agreement: Once a storage unit is permitted, an operation agreement is executed between the storage unit operator and the Department of Ecology. It outlines operational guidelines, monitoring protocols, and reporting requirements to ensure ongoing compliance with regulations and safety standards. 3. Monitoring and Verification Agreement: This type of agreement governs the monitoring and verification activities associated with CO2 storage units. It specifies the frequency and methods for monitoring stored CO2, assessing storage unit integrity, and verifying CO2 containment over time. Such agreements are crucial for ensuring the long-term effectiveness and safety of carbon capture and storage (CCS) projects. 4. Closure and Post-Closure Agreement: Storage unit operators are required to execute closure and post-closure agreements, which lay out the steps and responsibilities involved in decommissioning and closing a storage unit once it reaches the end of its operational life. These agreements often address site restoration, long-term monitoring, and financial assurance requirements to ensure ongoing mitigation of potential environmental impacts. Overall, the Washington Carbon Dioxide Storage Unit Agreement has been designed to regulate and promote responsible CO2 storage practices, facilitating the transition to a low-carbon future while mitigating the impacts of climate change.

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FAQ

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.

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.

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.

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.

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.

There are a few commercial markets for captured CO2, such as in carbonated beverages or greenhouses that use piped-in CO2 to grow plants. And there are other, more speculative proposals to transform CO2 into valuable products like plastics and fuel.

Laws relating to the injection and geologic storage of carbon dioxide exist in several states, including Illinois, Kansas, Oklahoma, Louisiana, Montana, North Dakota, Texas, West Virginia and Wyoming.

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.

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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 ... Jan 6, 2023 — Secure geological storage requires approval by the U.S. Environmental Protection Agency (EPA) of a Monitoring, Reporting, and Verification Plan ...Sep 7, 2023 — The PLR is the first time that the IRS has addressed the tax treatment of amounts earned by a REIT or an MLP in connection with a carbon storage ... This document is part of a series of technical guidance documents designed to support owners or operators of Class VI wells and the UIC Program permitting ... 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 ... Jun 10, 2022 — Any ROW grants for long-term geologic sequestration and storage of CO2 into subsurface formations should be issued for a minimum 30-year ... 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 ... Look through the page and verify there is a sample for your area. Examine the form description and use the Preview option, if available, to make sure it's the ... (1) Each contract for the rental or lease of individual storage space in a self-service storage facility shall be in writing and shall contain, in addition ... (1) Each contract for the rental or lease of individual storage space in a self-service storage facility shall be in writing and shall contain, in addition ...

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Washington Carbon Dioxide Storage Unit Agreement