Canadian company to build plant that will remove CO2 from atmosphere — convert it to fuel

The Bill Gates-backed venture promises to remove CO2 from the atmosphere at a rate of under $100 per tonne.

Canadian company to build plant that will remove CO2 from atmosphere — convert it to fuel
Carbon Engineering
  • Negative emissions technologies remove CO2 from the atmosphere and store it or convert it to fuel.
  • In addition to capturing carbon, Carbon Engineering also converts stored carbon into a fuel that can be used by everyday vehicles.
  • The ability to profit from carbon capture and conversion will surely help make these kinds of technologies more cost-effective.

To hit the international goal of keeping global warming below 2 degrees Celsius this century, reducing emissions and using renewable energies probably won't be enough. That's why people are becoming increasingly interested in negative emissions technologies, which suck CO2 out of the atmosphere and store it underground or convert it into carbon-neutral fuel. These processes have been too costly to implement on a large scale, however.

But that might change soon: Carbon Engineering Ltd, a Canada-based company that's been running a pilot carbon-capture program since 2015, just raised enough money to build its first commercial-scale negative-emissions facility. The company says its systems can now remove CO2 from the atmosphere at a rate of under $100 per tonne — what's long been considered the benchmark for negative-emissions technology to be cost-effective.

"A financial investor invests because they like your business plan. We were able to bring some pretty big Silicon Valley venture capital to us," said Carbon Engineering president and CEO Steve Oldham, whose company is backed by the likes of billionaire Bill Gates.

Carbon Engineering says one of its commercial plants would occupy 30 acres of land and be able to pull one megaton of CO2 from the atmosphere per year. Oldham said that's equivalent to planting about 40 million trees.

The company is also able to convert captured carbon into fuel through a process it calls "air to fuels," which involves combining captured CO2 with hydrogen from water. This process requires a lot of electricity, but Carbon Engineering uses renewable hydro power, meaning the resulting fuel ends up being carbon-neutral when burned.

What's most interesting about the fuel is that the company says it can be used by existing cars, trucks and planes without requiring any modifications to the vehicles.

In the near future, Carbon Engineering plans to build one or two plants in order to see how the designs work out. The idea is to scale "aggressively but not recklessly," Oldham said.

"Our technology is ready to go to market, [but] we don't want to end up in a situation where we miss something and we have to fix it in five or six different plants at once."

The ability to profit from carbon capture and conversion would surely help make these processes more cost-effective, and also help increase the amounts of carbon we pull from the atmosphere: Currently, we remove only 1 percent of total carbon emissions.

A brief history of human dignity

What is human dignity? Here's a primer, told through 200 years of great essays, lectures, and novels.

Credit: Benjavisa Ruangvaree / AdobeStock
Sponsored by the Institute for Humane Studies
  • Human dignity means that each of our lives have an unimpeachable value simply because we are human, and therefore we are deserving of a baseline level of respect.
  • That baseline requires more than the absence of violence, discrimination, and authoritarianism. It means giving individuals the freedom to pursue their own happiness and purpose.
  • We look at incredible writings from the last 200 years that illustrate the push for human dignity in regards to slavery, equality, communism, free speech and education.
Keep reading Show less

Astrophysicists: Gamma-ray jets exceed the speed of light

Scientists find that bursts of gamma rays may exceed the speed of light and cause time-reversibility.

An artist's drawing of a particle jet emanating from a black hole at the center of a blazar.

Credit: DESY, Science Communication Lab (used with permission by Astronomy Picture of the Day, which is co-managed by Robert Nemiroff at Michigan Tech).
Surprising Science
  • Astrophysicists propose that gamma-ray bursts may exceed the speed of light.
  • The superluminal jets may also be responsible for time-reversibility.
  • The finding doesn't go against Einstein's theory because this effect happens in the jet medium not a vacuum.
Keep reading Show less

​'The time is now' for cryptocurrencies, PayPal CEO says

Is Bitcoin akin to 'digital gold'?

Technology & Innovation
  • In October, PayPal announced that it would begin allowing users to buy, sell, and hold cryptocurrencies.
  • Other major fintech companies—Square, Fidelity, SoFi—have also recently begun investing heavily in cryptocurrencies.
  • While prices are volatile, many investors believe cryptocurrencies are a relatively safe bet because blockchain technology will prove itself over the long term.
Keep reading Show less

"Clean meat" approved for sale in Singapore

Singapore has approved the sale of a lab-grown meat product in an effort to secure its food supplies against disease and climate change.

Credit: Adobe Stock / Big Think
Politics & Current Affairs
  • Singapore has become the first country to approve the sale of a lab-grown meat product.
  • Eat Just, the company behind the product, will have a small-scale commercial launch of its chicken bites.
  • So-called "clean meats" may reduce our reliance on livestock farming, which kills billions of animals worldwide every year.
  • Keep reading Show less
    Scroll down to load more…
    Quantcast