Kruger Inc. Announces $23.75M Investment in Carbon Capture Project

Kruger Inc., a leading global diversified industrials company, today announced a $23.75 million investment in a carbon capture and storage (CCS) project at its idled coal-fired power plant in Kentucky.

The project, which is expected to be operational by 2025, will capture and store up to 1 million tons of carbon dioxide (CO2) per year, equivalent to taking 200,000 cars off the road.

“This investment is a significant step forward in our efforts to reduce our carbon footprint and transition to a more sustainable future,” said Kruger Inc. CEO Dean N. Connor. “We believe that CCS is a critical technology for decarbonizing the power sector and we are proud to be investing in this project.”

The project will use a technology called post-combustion carbon capture, which captures CO2 from the flue gas of the power plant. The CO2 will then be compressed and transported to a secure underground storage site.

The project is supported by a $13 million grant from the U.S. Department of Energy (DOE). The DOE has identified CCS as a key technology for reducing greenhouse gas emissions and has been supporting the development and deployment of CCS projects across the country.

Kruger Inc. is a leading global diversified industrials company with operations in pulp and paper, packaging, tissue, and renewable energy. The company has a long history of investing in sustainability and innovation, and the CCS project is a major part of its efforts to reduce its carbon footprint.

Benefits of the Project

• Reduce greenhouse gas emissions by up to 1 million tons per year
• Create jobs in the clean energy sector
• Support the development of CCS technology

Conclusion

Kruger Inc.’s investment in the CCS project is a significant step forward in the fight against climate change. The project will help to reduce greenhouse gas emissions, create jobs, and support the development of clean energy technology.