A privately developed underground reservoir to permanently store carbon dioxide in southwest Louisiana is inching closer to reality, and with it a new business model for carbon capture and storage. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Benjamin Heard, a principal with Gulf Coast Sequestration, said in an interview Oct. 14 that the company is “on the leading edge of a developing industry.” “One of the things that makes our project and company distinct is that we are focused on sequestration,” said Heard. “As opposed to being a source that is looking for a particular sink, we envision we will take volumes from the region and … from multiple sources.” Heard said GCS is capitalizing on the federal Section 45Q tax credit, which provides $50/mt of […]