NMT Receives $67 Million Grant from DOE, Oct. 27, 2006
Contact: Hannah Vanderbush
ALBUQUERQUE, N.M., Oct. 27, 2006 – U.S. Senator Pete Domenici announced today that the New Mexico Institute of Mining and Technology (N.M. Tech) has received $67,000,000 over the next ten years from the Department of Energy (DOE) to conduct research into greenhouse gas emissions.
Funds from the DOE are part of a cost-share program in the National Energy Technology Laboratory (NETL). Under its provisions, N.M. Tech will share 20 percent of the cost and will conduct research into the reduction of greenhouse gas emissions utilizing CO2 underground storage technology. Over the course of the project, approximately 1,000,000 tons of CO2 will be injected into a geological formation in order to assess its impact on the reduction of harmful greenhouse gases.
“I am always interested in developing technologies that are both cost-effective and good for the environment,” said Domenici. “I am pleased that DOE provides funds for research projects such as this and am equally pleased that a New Mexico institution has been chosen to carry it out.”
NETL is owned and administered by the Department of Energy. It seeks to develop fossil fuel technologies that improve America’s energy independence. NETL currently partners with universities and research institutions to improve the knowledge and technology surrounding energy issues.
Domenici is a long-time member of the Senate Appropriations Committee, which determines funding for DOE programs.