CO280 is developing our first BioDAC project in partnership with Packaging Corporation of America (PCA). PCA is a NYSE-listed (NYSE:PKG), US manufacturer of pulp and paper that owns and operates approximately 100 facilities including 7 containerboard mills and 1 paper mill that emit 6.3 million tons per year of of biogenic CO2. The project will be located at PCA's containerboard mill in DeRidder, Lousiana.
The project will ultimately capture a total of 800,000 tons per year of biogenic CO2
The project will ultimately capture a total of 800,000 tons per year of biogenic CO2 from recovery or bark boiler flue gas using commercially proven, post combustion capture technology. Captured CO2 will be concentrated, compressed, and transported via pipeline to a Class VI injection site for permanent geologic sequestration in Louisiana.
The project will be implemented in 2 phases. Phase 1 will capture and permanently sequester 400,000 tons per year. Phase 2 will capture and permanently sequester an additional 400,000. This phased approach enables CO280 and PCA to demonstrate and de-risk the BioDAC value chain at smaller-scale using a modular configuration that can be deployed quickly before scaling-up and replicating at other mills. Phase 1 is expected to reach FID at the end of 2024, with first capture by 2027.