Large scale CO2 storage site discovered in the East Sea - Arirang News

Not sure how I feel about this  - Terry

Posted - Thursday, April 05, 2012,  (KST) - Arirang News

The Korean Ministry of Land, Transport, and Maritime affairs has confirmed this week the discovery of a suitable underwater site in the East Sea that could hold up to 5 billion tons of carbon dioxide and other greenhouse gases.
The discovery in the southwestern seabed of the Ulleung Basin is significant environmentally and economically, as it would help combat global warming and save the country an estimated 90 billion U.S. dollars.
As part of measures to reduce Korea's carbon emissions, the Ministry of Land had been researching and developing projects into storing CO2 underground for the last two years.
Over the past few months, surveys and studies of the Ulleung Basin indicated a promising storage location 800 to 3,000 meters below sea level.
The marine geological discovery could provide a permanent storage location of CO2 waste for the next 150 years, putting away an annual of 32 million tons of air pollution by 2030.
The relatively new process of carbon capture and storage would involve taking compressed CO2 from factories and power plants, and injecting it deep into the ocean sediment.
The trapped CO2 would eventually dissolve into the water or react with minerals to create calcium deposits.

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