DOE’s Office of Manufacturing & Energy Supply Chains (MESC) manages the § 48C Program on behalf of IRS and Treasury. Established by the American Recovery and Reinvestment Act of 2009, the § 48C Program was expanded with a $10 billion investment under the Inflation Reduction Act of 2022.
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More recently, the 2021 Infrastructure Investment and Jobs Act provides $8.2 billion in advance appropriations for CCS programs over the 2022–2026 period. In addition, companies that capture and store CO 2 are eligible for the section 45Q federal tax credit, which gives them an incentive to use CCS and reduces federal revenues.
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