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Late last year, U.S. Secretary of Energy Steven Chu asked the National Coal Council, in cooperation with the National Petroleum Council, to study the potential for using CO2 captured from electrical generating facilities and other sources—carbon capture, utilization, and storage (CCUS)—for greatly expanded enhanced oil recovery (EOR). Private companies have demonstrated EOR’s potential, and CO2 EOR in the U.S. has increased from 30,000 bpd in 1986 to 350,000 bpd in 2012, an average annual growth rate of 9.4%.
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