INDIANAPOLIS (AP) — Gov. Eric Holcomb has signed a bill allowing a company to go ahead with plans for potentially storing 50 million metric tons of carbon dioxide underground near Terre Haute.
The carbon dioxide storage is part of a $450 million project proposed by Wabash Valley Resources LLC for an anhydrous ammonia fertilizer plant near the western Indiana city. The bill signed Wednesday by Holcomb restricts such carbon storage in Indiana to that site.
The company says it plans pump the carbon dioxide produced underground instead of releasing the greenhouse gas into the atmosphere. The project still needs a federal Environmental Protection Agency permit before work can begin.
The new law also calls for a special legislative committee to review legal and environmental questions before allowing similar projects elsewhere.