Section 14-39-1-3.5 - Carbon sequestration pilot project(a) This chapter authorizes the establishment of a carbon sequestration pilot project: (1) that will: (A) capture carbon dioxide at the proposed ammonia plant to be located at 444 West Sandford Avenue, West Terre Haute, Indiana;(B) construct, operate, or use not more than two (2) carbon dioxide pipelines;(C) maintain operations only in Vigo and Vermillion counties; and(D) inject the carbon dioxide underground through one (1) or more injection wells pursuant to a Class VI well permit issued by the United States Environmental Protection Agency; and(2) that will employ the underground storage of carbon dioxide as an alternative to releasing the carbon dioxide into the air.(b) The director shall designate the operator of the carbon sequestration pilot project according to the characteristics of the pilot project set forth in subsection (a) not more than thirty (30) days after the Class VI well permit referred to in subsection (a)(1)(D) is issued by the United States Environmental Protection Agency.(c) This section expires July 1, 2028, if the operator of the carbon sequestration pilot project designated under subsection (b) according to the characteristics set forth in subsection (a) is not issued a Class VI permit by the United States Environmental Protection Agency under 40 CFR 146 subpart H by July 1, 2028.Amended by P.L. 53-2023,SEC. 3, eff. 7/1/2023.Added by P.L. 291-2019,SEC. 5, eff. 7/1/2019.