Following a second public meeting, the Kentucky Geological Survey is set to move forward with a carbon dioxide storage project in Hancock County, Kentucky. In February, an 8,000 foot well will be drilled, and carbon dioxide will be injected into the well to test the geological storage capacity of the area. Before the project begins, researchers will be studying the seismic activity at the storage site.
The actual testing at the site will only last about four weeks, and then the well will be plugged. The site will be monitored following the end of the test for multiple years to make sure there is no leakage or migrating to the surface of the carbon dioxide. The project will cost roughly $5 million, the state will cover $1.4 million of the cost, and Peabody Energy, Conoco-Phillips and E.ON will finance the rest of the project.