September 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy's Office of Clean Energy Demonstrations recently finalized more than $570 million in awards to a pair of programs aimed at reducing carbon dioxide (CO2) emissions in Kentucky and Texas. These developments are among nearly $53 billion worth of active and proposed projects within the two states to capture CO2 emissions through either the carbon capture and storage (CCS) method, which sequesters possible emissions during the power-generation process, or the direct air capture (DAC) method, which removes CO2 directly from the atmosphere.

Industrial Info is tracking more than $5.5 billion worth of related projects in Kentucky and more than $47.2 billion worth in Texas. PPL Corporation (NYSE:PPL) and Occidental Petroleum Corporation (NYSE:OXY) are set to receive the loans.

Other companies featured: Tennessee Valley Authority (NYSE:TVE), Carmeuse S.A., OCI NV, Linde plc's (NYSE:LIN) and Matheson Tri-Gas Incorporated.