A new carbon capture bill was signed by Governor Eric Holcomb.

The bill has a framework for companies to store captured carbon dioxide underground in Indiana.

Inside Indiana Business says that the new law could benefit companies that are looking to reduce their carbon emissions, since they would be stored in underground caverns.

The law could also allow the state to monetize the captured CO2 through taxes.

This could make northwest Indiana one of the largest areas for hydrogen production in the country.