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Energy Department announces $2B for carbon dioxide transportation infrastructure loans

On Thursday, the U.S. Department of Energy announced it was accepting letters of interest for $2.1 billion in loans for its Carbon Dioxide Transportation Infrastructure Finance and Innovation program (CIFIA).

Part of the Bipartisan Infrastructure Law, CIFIA provides funding for large-capacity, shared carbon dioxide (CO2) transportation projects, including pipelines, rail transport, ships and barges, and ground shipping, that connects anthropogenic sources of carbon with its storage or utilization endpoints.

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