Economic Impacts of CO2 Pipelines in South Dakota

“We report the estimated economic impacts of the pipeline projects across two phases, the construction phase, which takes place in 2024 and 2025, and the operational phase, lasting from 2025 through 2034. During these eleven years, the pipeline projects will have a pronounced effect on South Dakota’s economy. Table 10, on the following page, summarizes our findings. We estimate the total impact on state GDP will be $3.3 billion across both phases. The construction phase will increase state GDP by $952 million throughout 2024 and 2025, nearly 0.70% of state GDP each year.21 We further estimate the operational phase will add another $2.35 billion to state GDP from the combined impacts of pipeline operations, clean fuel, and CCS tax credits, and increased corn basis, representing a 0.35% increase in annual state GDP.”

 

Read this study commissioned by the Dakota Institute

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