White Paper

Monetizing Your Carbon Emissions With 45Q Tax Credits

What ethanol producers need to know about these credits and the steps to take to determine if carbon capture and storage (CCS) is a viable option.
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What's Inside

45Q is a section of the tax code that provides incentives, in the form of tax credits, to encourage companies to invest in carbon capture and storage solutions that reduce carbon emissions to the atmosphere.

This white paper provides details about how carbon capture works and how the tax credits could improve the profitability of your plant operations. 

Do I Qualify?

Captured carbon dioxide must be either stored underground in secure geologic formations, used for carbon dioxide-enhanced oil recovery or utilized in other projects that permanently sequester carbon dioxide.

Makes Economic Sense

Plant owners interested in taking advantage of 45Q tax credits must determine whether it makes economic sense. Under the new tax code, the answer for many producers will be yes.

Next Steps

A multi-phase approach is needed to inform the economic analysis, identify an appropriate storage location and ultimately construct and operate the well.

Why Not Wait?

These steps take time, so plant owners interested in pursuing the 45Q tax credits should get started as soon as possible. Construction on new CCS projects must begin before Jan. 1, 2026.