InvestorsHub Logo

JohnnyHydrogen

05/01/24 12:22 AM

#59380 RE: Hoghead7 #59377

Biden has mandated 90% rate for CCS for all power plants.

The critics all say that CCS has not been demonstrated 'at scale'. So my assumpiton has been that Rotterdam must produce 90% CCS rate. This, as I said in another post, is legally required for the EPA to claim that this has been 'adequately demonstrate'. So, whether 90% was originally envisioned at Rotterdam or not, it seems like it now must be 90% rate. Otherwise, after all the effort, the same argument that 'this has never been demonstrated at scale' will still persist, and hence Biden's EPA mandate of 90% will be in limbo and there will be lawsuits. Maybe I am wrong about all this. But the way I see it is that Exxon must show 90% capure rate. Then again, as I have said before, I think Exxon is not really motivated to show/claim 90% capture ability until they maxmimize the tax credits/permiting process. So it's probably complicated ..