Carbon Capture Project Is Testing Ground for Tax Credits

A developing carbon capture project from Occidental Petroleum Corp. and biofuel producer White Energy is already capturing the interest of some financial backers as a first mover to take advantage of major new bipartisan tax credits for the technology.

The companies have completed the first phase of the project, which would install carbon capture at two of White Energy’s Texas-based ethanol facilities. That phase assessed the engineering design for the carbon capture systems and associated carbon dioxide pipelines, representatives of the companies announced May 20 at a conference in Jackson Hole, Wyo.

Occidental and White Energy announced their partnership in ...