DOE CarbonSAFE Grant
In September 2024, the U.S. Department of Energy awarded the Timberlands Sequestration Project with approximately $29.5 million in grant funding under the Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Program. The grant funding will support site characterization activities and will help advance and de-risk project development to enable commercialization and commercial operations.
Expected Future Milestones
The DOE grant funding will be used to complete the following activities:
- Conduct an aerial magnetic survey
- Acquire 3D seismic survey data
- Drill a stratigraphic test well and collect rock core for analyses
- Engineer and design the pipeline
- Submit permit applications
- Perform a capture plant engineering study
- Implement a Community Benefits Plan
Community Benefits Plan & Community Engagement
Timberlands Sequestration has started to develop a comprehensive Community Benefits Plan to provide direct benefits to the communities where the project is located. Components of the Community Benefits Plan include:
- Establishing a Community Benefits Fund to pay for projects and programs that directly benefit local communities that is funded with a portion of the RPS Project’s revenue.
- Working with River Parishes Community College to provide curriculum support and guest lecture opportunities to help students better prepare for jobs in energy transition fields.
- Hosting and sponsoring community engagement events, which will be fostered by LSU, throughout the life of the project.
- Developing a plan to generate quality jobs during construction and operation of the project.