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Coal, Ethanol Industries Seek Sales Tax Exemption for Carbon Storage Projects – Advanced BioFuels USA

by Amy R. Sisk (Bismark Tribune)  Several North Dakota coal and ethanol plants are inching closer to capturing the carbon dioxide they generate and storing it underground, and they’re asking lawmakers to exempt the practice from sales tax. A similar exemption is already in place if the carbon dioxide is injected into old oil fields to boost oil production, a process known as “enhanced oil recovery.” But the projects in the works in North Dakota seek to store the gas permanently underground far from the oil patch. The greenhouse gas would form plumes in rock formations deep below the earth’s surface and stay buried there, rather than be released into the air where it would contribute to global warming.

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