Section 45Q of the Unites States Internal Revenue Code provides a tax credit for CO
In 2018, the US introduced a significant stimulus for CCUS investment with the passage of legislation to expand and enhance the 45Q tax credit (The Financing Our Energy Future Act, S. 1841 and H.R. 3249).
The 2018 changes to 45Q will provide up to USD 50 per tonne of CO2 permanently stored and USD 35 per tonne of CO2 used for enhanced oil recovery (EOR) or other industrial uses of CO2, provided emissions reductions can be clearly demonstrated. For CCUS in electricity generation, the minimum project size is 0.5 metric tons of CO