Co-op gets loan on carbon project

The federal government is backing a $300 million loan for Basin Electric Power Cooperative to capture carbon dioxide at the company’s coal-fired power plant in central North Dakota. U.S. Agriculture Secretary Ed Schafer said it’s first commercial-scale carbon sequestration project at an existing coal-fired power plant. The USDA says the carbon dioxide will be cleaned, pressurized and moved by pipeline to oil fields, then injected into oil-bearing formations below ground to help recover more oil.

By: By James MacPherson, The Associated Press, The Jamestown Sun