What does 45Q mean for carbontech?

The tax credits for carbon capture, explained

So, what happened?

U.S. Senators Heitkamp, Whitehouse, Barrasso, and Capito introduce the FUTURE Act, the bill containing the legislative text for reforming the 45Q tax credit. Photo credit: Carbon Capture Coalition

Here’s what you should know

The Hellisheidi Power Plant in Iceland combines Climeworks’ direct air capture technology with deep geologic storage. Similar projects at larger scales in the U.S. would be eligible to claim the highest credits. Photo credit: Climeworks

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