for electricity generation or other purposes. (II) Gasification for electricity generation or other purposes. (III) Bioindustrial. (IV) Fermentation. (V) Any manufacturing industry described in section 48B(c)(7). (ii) Exceptions Such term shall not include— (I) any geological gas facility, or (II) any air separation unit that does not qualify as gasification equipment or is not a necessary component of an oxy-fuel combustion process, a supercritical carbon dioxide process, or other advanced power system. (iii) Geological gas facility The term geological gas facility means a facility that— (I) produces a raw product consisting of gas or mixed gas and liquid from a geological formation, (II) transports or removes impurities from such product, or (III) separates such product into its constituent parts. (3) Capture and storage requirement For purposes of this subsection— (A) In general Except as provided in subparagraph (B), a component shall not be treated as meeting the requirements of this paragraph with respect to an industrial carbon dioxide facility unless such component has a capture and storage percentage that is at least 65 percent. (B) Exception In the case of an industrial carbon dioxide facility with a capture and storage percentage that is less than 65 percent, a component with respect to such facility shall not be treated as meeting the requirements of this paragraph unless the percentage of the cost of such component that is financed by tax-exempt bonds is not greater than such capture and storage percentage. (C) Capture and storage percentage (i) In general The capture and storage percentage shall be an amount, expressed as a percentage, equal to the quotient of— (I) the total metric tons of carbon dioxide annually captured, transported, and injected into a facility for geologic storage, or an enhanced oil or gas recovery well followed by geologic storage, divided by (II) the total metric tons of carbon dioxide which would otherwise be released into the atmosphere each year as industrial emission of