"WASHINGTON — The Energy Department said Wednesday it is offering a conditional, $2 billion loan guarantee to capture and store carbon dioxide at a planned Louisiana methanol plant, the latest element of President Obama’s strategy to slow global warming.

The Lake Charles Methanol plant will use petroleum coke, a byproduct of oil refining, to make methanol, a chemical used in products such as paint, glue, plastics, and formaldehyde.

The captured carbon dioxide will be piped to oil fields in Texas, where it will be used to speed up oil production."

Matthew Daly reports for the Associated Press  December 21, 2016. [2]