How To Guide For: A Look At The Energy Department's Conditional Commitment For First Advanced Fo

The U.S. Department of Energy offered a conditional commitment to Lake Charles Methanol, LLC for the first loan guarantee under the Advanced Fossil Energy Project. The commitment guarantees loans of up to $2 billion for the construction of the world's first methanol production facility that will employ carbon capture technology. The facility will also be the first petroleum coke to methanol project in the United States. Petroleum coke is a byproduct of the oil refining process. The captured carbon will be used for enhanced oil recovery. To get more in depth information on the Energy Department's conditional commitment for first advanced fossil energy loan guarantee click on the pictures below to read the articles.