Business Environment Study (Subtask 5.1)
In 2016, WVR acquired the Wabash Integrated Gasification Combined Cycle (IGCC) Plant north of Terre Haute, Indiana. Initially, WVR intended to use the plant to produce ammonia using syngas converted to hydrogen. Part of the business plan was to capture and sequester the CO 2 byproduct with the goal of a net-zero carbon emitting plant. Now, with the demand for clean hydrogen-based power and fuel cell energy, the plant intends to produce power and sell hydrogen as a fuel source, still with the intent to sequester CO 2 and achieve net-zero emissions. The Wabash CarbonSAFE project’s objectives are to establish the feasibility of developing a commercial-scale geological storage complex at the WVR plant in Vigo County, Indiana, for storage of 50 million tonnes or more of CO 2 . The plant is expected to produce up to 2 million tons (1.82 million tonnes) of CO 2 annually as a byproduct of hydrogen production. Wabash CarbonSAFE has examined the feasibility of geologic storage of the CO 2 in the Potosi Dolomite Storage Complex of the Illinois Basin via an onsite characterization well at the WVR plant site. This document explores the business requirements to undertake such a project, outlining the outside influences on a business venture such as legislation, legal, regulatory, and business climate factors. This document then discusses the CO 2 source, potential partner sources, and the business financials that allow CCS to be commercially viable for Wabash Valley Resources.