New study shows Wyoming’s CCUS potential at several coal-fired power plants.
EORI provided data to the Department of Energy’s (DOE) research for the Wyoming Carbon Capture, Utilization, and Storage (CCUS) Study and finds that carbon capture retrofit may provide significant benefits that could extend the lives of several Wyoming coal plants, generate new jobs, add millions of dollars for Wyoming’s economy while reducing CO2 emissions.
The results showed CCUS retrofits provided the following potential benefits:
- Reduced CO2 emissions by 37% (100 million metric tons) more than the 2019 IRP preferred portfolio (henceforth referred to as Baseline IRP),
- Produced avoided costs for CO 2 emissions that are $24 per ton ($21.5/metric ton) less expensive than the Baseline IRP,
- Reduced the amount ratepayers could pay by approximately 10% less per month than the Baseline IRP,
- Lifted Wyoming employment benefits up to 5 times higher than employment benefits from implementing the Baseline IRP,
- Produced higher local and state revenue from property, sale, severance, and other associated coal taxes as well as higher federal royalty payments.
Governor Gordon supports the study’s results and states that “Wyoming can help lead in developing and supporting advances that boost our coal industry and reduce carbon emissions. The Department of Energy is also providing key leadership,” an “example of a partnership everyone can support. It moves Wyoming and the nation ahead.”
Read the full study here.