BP wins federal grant

Posted: Thursday, March 15, 2001

WASHINGTON (AP) -- BP Alaska has won a $5 million grant to study the feasibility of capturing carbon dioxide from exhaust and storing it.

Carbon dioxide is a greenhouse gas that is building up in Earth's atmosphere, allowing less heat to escape into space.

The grant, along with nearly $9 million from an industry consortium, will be used to study the process known as carbon sequestration. The process calls for carbon dioxide gas removed from power plant exhaust or even the atmosphere to be put securely in storage in underground geologic formations.

Other companies participating in the study are Chevron, Norsk Hydro, Royal Dutch Shell, Statoil, Suncor Energy and Texaco. The project will be funded for 27 months beginning in June.

Sen. Frank Murkowski, R-Alaska, announced the grant. Murkowski said that because fossil fuels will be used for the foreseeable future, it's important to look for technology that will reduce greenhouse gases.

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