Sister industries/technologies to Direct Air Capture
Sarah Burgess
- Like where solar was 30 years ago - tech is developed but now it needs to scale so the price can come down
- Like wind farms - lots of fans!
- Most like various chemical processing plants (have heard this general comparison made, but would love to hear from you experts - which type of chemical processing exactly)
Andrew Lockley
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Bruce Melton -- Austin, Texas
The main atmospheric carbon dioxide capture processes today use
1) amines, and 2) recyclable lime and potash.
Amine processes - dyes, nylon, medicines, cooling systems, surfactants, cosmetics, agrochemicals, corrosion inhibitor, machining fluids, powder coatings, polyurethane, epoxy coatings...
Potash-lime process - potash is a main ingredient in
fertilizers, plus; aluminum recycling, electroplating, oil-well
drilling fluid, snow and ice melting, steel heat-treating,
pharmaceutical, water softening, industrial water treatment, soap,
animal feed supplements, cement, fire extinguishers, food
products, photographic chemicals, textiles, brewing beer,
synthetic rubber, coatings, food production, water softening, road
de-icing, pH adjustment, explosives, glassmaking...
Lime - Mortar, cement, concrete, water treatment, food processing, agrochemicals, iron and steel production, treating contaminated land, paper, glass, pharmaceuticals, paint, ink, plastic, rubber, and in chemical processes for bleach, citric acid, magnesia, calcium acetate, stearate, oleate, tartrate, lactate, citrate, benzoate, and gluconate...
These three chemicals together represents what are likely some of the most important chemicals in industry globally an the lists above are very incomplete. The processes used to capture CO2 from the air using these chemicals date from the early 20th century.
Cheers,
Bruce
Director, Climate Change Now Initiative, 501c3
President, Melton Engineering Services Austin
8103 Kirkham Drive
Austin, Texas 78736
(512)799-7998
ClimateDiscovery.org
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Michael Hayes
Tom Goreau
Equilibration between CO2 and bicarbonate is slow process, limited by the kinetics of CO2 hydration to carbonic acid, which is greatly speeded up by the enzyme carbonic anhydrase, which evolved specifically to overcome this limitation.
Thomas J. F. Goreau, PhD
President, Global Coral Reef Alliance
Chief Scientist, Blue Regeneration SL
President, Biorock Technology Inc.
Technical Advisor, Blue Guardians Programme, SIDS DOCK
37 Pleasant Street, Cambridge, MA 02139
gor...@globalcoral.org
www.globalcoral.org
Skype: tomgoreau
Tel: (1) 617-864-4226 (leave message)
Books:
Geotherapy: Innovative Methods of Soil Fertility Restoration, Carbon Sequestration, and Reversing CO2 Increase
http://www.crcpress.com/product/isbn/9781466595392
Innovative Methods of Marine Ecosystem Restoration
http://www.crcpress.com/product/isbn/9781466557734
No one can change the past, everybody can change the future
It’s much later than we think, especially if we don’t think
Those with their heads in the sand will see the light when global warming and sea level rise wash the beach away
Geotherapy: Regenerating ecosystem services to reverse climate change
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Clive Elsworth
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Bruce Melton -- Austin, Texas
Industrialization success of air capture of CO2 depends upon the
cost per ton in the long term where direct capture mineralization
(or partial mineralization like with sea water) is in earlier
stages of industrialization than the lime-potash or amine
processes developed in the early 20th century. In the short term
what matters is investment dollars and capturing market share via
scaling and these two legacy technologies have hundreds of
billions already committed. (See the attached list of popular and
journal articles below on the current state of carbon capture
industrialization.) Mineralization or enhanced natural processes
could take away the coming market share if efficiency proves to be
significantly greater than legacy tech, but it will likely take a
while as those who attain market share first through scaling and
costs reductions will retain that market for some time, even if
other technologies are much more efficient because, the
infrastructure for first to market will already exist and capture
the majority or vast majority of incentives.
None of this would be possible without incentives either positive
or negative. The Inflation Reduction Act's (IRA) enhancements to
the IRS Section 45Q pay (either tax break or direct cash) is a
positive incentive that pays cash or tax incentives to capture and
store carbon, and things like the Clean Power Plan (CCP), that
was foiled by trump before it could get off the ground, are
negative incentives that regulate carbon through limits or fees on
production of CO2.
Another important thing about incentives and "none of this being
possible" and the perceived failures of built facilities for
carbon capture and storage from flue gas and other carbon capture
and storage programs (oil and gas production and bio energy with
carbon capture and storage - BECCS) is that, these built
facilities that have received large amounts of press with
perceived failures (Petra Nova is a poster child), were simply
full scale demonstration units. A demonstration unit is a
temporary test facility independent of positive financial returns.
Its creation is intended to test the full scale tech and provide
production design enhancements to overcome obvious first
generation production challenges. If the production challenges can
be overcome, the redesign or next facility construction then goes
into financial production if the revenues are available.
This is the catch-22. Even if a full-scale demonstration unit is proven, if there are no revenues, the until will not be put into permanent production because without the incentive(s) it will only bleed money.
The poster child example of Petra Nova's flue gas capture
illustrates: This full-scale production facility achieved 85
percent of its design goals and was operating in the black with
their enhanced oil recovery (EOR) sequestration at $65 per barrel
oil, where revenues from EOR plus the former (trump) IRS 45Q
incentive of $35 a ton CO2 sequestered with EOR created a positive
revenue stream. When covid caused a collapse of the oil market the
unit was shut down because of financials, not because it "failed"
as was widely reported in the popular literature. Then as oil
rebounded, a fire at the Thompson unit generating facility where
Petra Nova is located, plus several of the Petra Nova component
challenges, caused the owners to decide to upgrade the obvious
component challenges at the unit to increase efficiency by 30
percent making Petra Nova viable with $45 per barrel oil. The unit
is currently in the redesign and rebuild process. It didn't "fail"
at all.
The IRS 45Q timeline: Obama started 45Q with $10 and $25 a ton tax incentive for EOR and sequestration without EOR. The pay was only a tax incentive and only for flue gas capture. Trump then tripled the pay to $35 and $50 a ton plus added direct air capture. The Green New Deal then tripled trump's enhancements but of course it went nowhere. Then the IRA picked up the Green New Deal's enhancements almost verbatim and we are currently in the final stages of rule making for this much enhanced 45Q at $85 and $180 a ton CO2.
Happy trails,
Bruce
Ongoing Industrialization of Carbon Dioxide Removal (CDR), Direct Air Capture (DAC) and Sequestration ... Industrialize
Industry seems to think there is money here, lots of it. Industrialization is moving forward fast indicating that these processes are revenue generating programs.
Carbon Dioxide Removal (CDR) Processes - New or Mature? ... We have been using industrial processes to remove carbon dioxide from the atmosphere since 1907 when the recyclable lime/potash process was developed and widely used in World War II to remove CO2 from submarines to keep sailors safe from carbon dioxide poisoning, since the 1930s with cryogenic distillation, and also since the 1930s with amine chemicals (ammonia–based) where amines are now one of the most important chemicals in industry.
December 3, 2022, NGK CO2 air capture – 1) Ceramic
substrate and 2)
Freezing with Natural Gas excess cold from compressor
stations… 1) Ceramic substrate
like automobile
catalytic converters, unspecified capture agent, normal
liberation heating, 2)
and cold from natural gas compression to "liquefied" before
transmissionto freeze the CO2 out of the ab-adsorbant.
Shimizu, New technology to capture CO2 from air set for Japan
trials, Nikkei
Financial,November 28, 2022.
https://asia.nikkei.com/Spotlight/Environment/Climate-Change/New-technology-to-capture-CO2-from-air-set-for-Japan-trials
November 26, 2022, One Million Tons Per Yera "Hub"
in
Louisiana by 2030... "Direct air capture (DAC)
company
Climeworks and Louisiana-based Gulf Coast Sequestration (GCS)
signed a
memorandum of understanding on Nov. 21 to develop the first DAC
hub on the Gulf
Coast in Louisiana. The project aims to enable the permanent
removal of one
million tons of CO2 from the atmosphere by the end of the
decade, with the
potential to expand to multi-million-ton capacity in future
years."
Doneva, Climeworks And Gulf Coast Sequestration Partner To
Launch Direct Air
Capture Hub On The Gulf Coast In Louisiana, Carbon Herald,
November 22, 2022.
https://carbonherald.com/climeworks-and-gulf-coast-sequestration-partner-to-launch-direct-air-capture-hub-on-the-gulf-coast-in-louisiana/
November 20, 2022, $882 million in carbon capture
funding, 2nd
quarter 2022…
https://www.protocol.com/bulletins/carbon-capture-venture-capital-investment
September 8, 2022 - Project Bison, Wyoming, 5
million tons per year by
2030, a Direct Air Capture (DAC) project of Frontier Carbon
Solutions and
CarbonCapture, Inc. … "A Los Angeles-based company kicked off on Thursday
what it said
will be the first large-scale direct air capture (DAC) project
to capture and
store 5 million tons of carbon dioxide per year by 2030,
benefiting from new
U.S. government incentives." Stripe, Alphabet, Shopify, Meta,
McKinsey
CarbonCapture Inc.
Announces Five
Megaton Direct Air Capture and Storage Project in Wyoming…
https://www.businesswire.com/news/home/20220908005446/en/CarbonCapture-Inc.-Announces-Five-Megaton-Direct-Air-Capture-and-Storage-Project-in-Wyoming
CarbonCapture, Inc,
modular… "A
generalized DAC platform for solid sorbents that allows for
incremental
upgrades, minimizes obsolescence, and speeds up development
cycles."
Sorbents include amines, MOFs (metal-organic framework),
zeolites and more.
https://www.carboncapture.com/
EXCLUSIVE New law helps
U.S. firm launch
Wyoming direct air carbon capture project…
https://www.reuters.com/markets/carbon/exclusive-new-law-helps-us-firm-launch-wyoming-direct-air-carbon-capture-project-2022-09-08/
CarbonClean…
CycloneCC
– worlds smallest carbon capture tech…
https://www.carbonclean.com/industrial-carbon-capture-technology?hsCtaTracking=4d330ef7-b427-4507-ba9c-5ce011059864%7C2a75a2d9-05f6-49ca-bd6f-a63edf949004
Ebook…
https://www.carbonclean.com/industrial-carbon-capture-technology?hsCtaTracking=4d330ef7-b427-4507-ba9c-5ce011059864%7C2a75a2d9-05f6-49ca-bd6f-a63edf949004
Carbon Xprize … 1133 teams
https://illuminem.com/energyvoices/b02e09de-a3ad-41dd-8811-0bf7c7cc36cb
Carbon Engineering
November
9,
2022, 20% increase in first plant cost due to inflation,
number of proposed
plants up from 70 to 100 because of IRA… "Government incentives and passage of the
Inflation Reduction
Act allow it to plan 100 DAC facilities by 2035, from 70
before, Hollub said.
Land for half of them has been secured."
Valle and Soni, Occidental's project to capture CO2 takes a
hit from inflation,
Rueters, November 9, 2022.
https://www.reuters.com/business/energy/occidental-raises-costs-direct-air-capture-project-due-inflation-2022-11-09/
October
31,
2022, 1PointFive, 30 million tons per year, no EOR, 20
percent improvement in
capture efficiency …
Carbon
Engineering begins work on supporting multi-million tonne
Direct Air Capture
facilities in Kleberg County, Texas (King Ranch). The site is
expected to
provide access for the potential construction of multiple DAC
facilities that
would be capable of collectively removing up to 30 million
tonnes of carbon
dioxide from the atmosphere annually for dedicated
sequestration.
Carbon Engineering Press Release - https://carbonengineering.com/news-updates/multi-million-tonne-south-texas/
August
25,
2022 Occidental, OnePointFive, Carbon Engineering, Permian
Basin – Construction
update, PH1 500,000 tons/yr
https://carbonengineering.com/news-updates/construction-direct-air-capture-texas/
06/07/22
Occidental 1PointeFive…
An oil-company spinoff wants to help build 70 direct air
capture plants by 2035
https://www.fastcompany.com/90758711/an-oil-company-spinoff-wants-to-help-build-70-direct-air-capture-plants-by-2035?partner=rss&utm_campaign=rss+fastcompany&utm_content=rss&utm_medium=feed&utm_source=rss
DAC1,
IEA on
Carbon Engineering , Oxy and The Permian facility… "In Q1 2021, OLCV awarded
the Front End
Engineering and Design (FEED) phase to global professional
services provider
Worley. The FEED phase of DAC 1 is focused on a first capture
train with a
planned capture capacity of 0.5 MtCO2/year; the total capacity
of the project will
subsequently increase to 1.0 MtCO2/year. The project is
supported by a
multi-million dollar investment from United Airlines, and,
upon approvals, two
key policies: California’s Low Carbon Fuel Standard and the
United States’ 45Q
tax credit."
https://www.iea.org/reports/ccus-around-the-world/dac-1
1PointFive...
https://www.1pointfive.com/
July
12,
2022, Drax, North Yorkshire UK $2 billion British pounds for
8 million tons per
year through BECCS (forest pellets)…
First unit
operational in 2024. "The company plans to invest £2bn in the
2020s in its
plans to develop two bioenergy with carbon capture and storage
(BECCS) units."
https://www.drax.com/press_release/drax-submits-plans-to-build-worlds-largest-carbon-capture-and-storage-project/
September
21, 2022, Drax commits to 12 million tons Co2 per year…
"Drax aims to deliver 12 million metric tonnes of
carbon dioxide
removals per year using BECCS by 2030 and this deal will
relate to the CDRs
produced from Drax’s North American BECCS facilities."
https://www.drax.com/press_release/worlds-biggest-carbon-removals-deal-announced-at-new-york-climate-week/
May
10,
2022, Bayou Bend Project - Talos, Carbonvert Bring Chevron
Aboard to Propel
CCUS Project Offshore Texas…
225-275
million metric tons of carbon dioxide
from the shallow waters near Beaumont and Port Arthur.
https://www.naturalgasintel.com/talos-carbonvert-bring-chevron-aboard-to-propel-ccus-project-offshore-texas/
March
23,
2022 - Occidental and Carbon Engineering in the Permian… good
new numbers and 70 Air capture hubs, three operational by
2025.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/occidental-to-spend-5-of-2022-capital-on-permian-carbon-removal-plant-69498606
Occidental
Chemicals and Carbon, MIT -
Temple,
Why the world’s biggest
CO2-sucking plant would be used to … err, dig up more oil? And
how it might
even be a good thing. MIT Technology Review, May 27, 2019
https://www.technologyreview.com/s/613579/why-the-worlds-biggest-cosub2-sub-sucking-plant-would-be-used-to-err-dig-up-more-oil/
Oxy
Net-Zero
Goal, December 3, 2020 -
https://digital.olivesoftware.com/olive/ODN/HoustonChronicle/shared/ShowArticle.aspx?doc=HHC%2F2020%2F12%2F03&entity=Ar01500&sk=EFF8B3CA&mode=text#=undefined
July
25,
2022 –Air Products Announces Additional "Third by ‘30" CO2
Emissions
Reduction Goal, Commitment to Net Zero by 2050, and Increase
in New Capital for
Energy Transition to $15 Billion… Air
products claims they will be the world's largest when
completed. $15 billion
total investment 2022 includes 30 percent reduction in scope 3
emissions by
2030, in addition to Scope1 and 2 reductions.
https://www.airproducts.com/news-center/2022/07/0725-air-products-announces-additional-sustainability-commitments
October
14,
2021 – Air Products, 5 Million tons per year… Louisiana: $4.5 Billion, 5 million tons per
year, online in 2026
from Blue Hydrogen reformation out of natural gas. - https://www.airproducts.com/news-center/2022/07/0725-air-products-announces-additional-sustainability-commitments
https://www.airproducts.com/campaigns/la-blue-hydrogen-project
HOUSTON, Feb. 22, 2021
/PRNewswire/
-- 1PointFive announced today its selection of Worley for the
Front End
Engineering and Design (FEED) phase of its first direct air
capture (DAC)
facility in the U.S. Permian Basin—DAC 1.
https://www.prnewswire.com/in/news-releases/1pointfive-selects-worley-for-feed-on-milestone-direct-air-capture-facility-837514192.html
Carbon
Engineering Funders, March 21, 2019 – Occidental
Chemicals, Bill Gates, Murray Edwards, BHP, Chevron Technology
Ventures, Oxy
Low Carbon Ventures, LLC, Bethel Lands Corporation Ltd, Carbon
Order, First
Round Capital, Lowercase Capital, Rusheen Capital Management,
LLC, Starlight
Ventures, Thomvest Asset Management and others.
https://www.globenewswire.com/en/news-release/2019/03/21/1758562/0/en/Carbon-Engineering-concludes-USD-68-million-private-investment-round-and-proceeds-with-commercialization-of-carbon-dioxide-removal-technology.html#:~:text=CE's%20investors%20now%20include%3A%20Bill,an%20affiliate%20of%20Peter%20J.
Carbon
Engineering and Storegga, (June 23, 2021) 500,000 to
1,000,000 tons per year in
Scotland, operational in 2026…
https://carbonengineering.com/news-updates/uks-first-large-scale-dac-facility/
Exxon
Mobile
and Global Thermostat, September 21, 2020
-
"Expanded their joint development agreement following 12
months of
technical evaluation… Global Thermostat's 'breakthrough
technology' using
amines… ExxonMobil has more than 30 years of experience in CCS
technology and
was the first company to capture more than 120 million tonnes
of CO2… $3
billion to advance plans for over 20 new CCS opportunities:
U.S. Gulf Coast,
Wyoming, Netherlands, Belgium, Scotland, Singapore, Qatar ."
Press Release - https://corporate.exxonmobil.com/News/Newsroom/News-releases/2020/0921_ExxonMobil-expands-agreement-with-Global-Thermostat-re-direct-air-capture-technology
MIT Technology Review, June 28, 2019 - https://www.technologyreview.com/f/613901/another-major-oil-company-tiptoes-into-the-carbon-removal-space/
University
of Arizona (Klaus Lackner) and Silicon Kingdom Holdings (SKH) April 29, 2019 -https://www.reuters.com/article/us-usa-climatechange-carboncapture/do-mechanical-trees-offer-the-cure-for-climate-change-idUSKCN1S52CG
University
of Arizona (Klaus Lackner) Carbon Collect (formerly Silocn
Kingdom) April 15,
2022
- April 15, 2022 - Carbon
Collect’s MechanicalTree, based on the research of ASU
engineer Klaus Lackner,
will collect carbon from the atmosphere and help fight climate
change - First
'MechanicalTree' installed on ASU’s Tempe campus.
https://news.asu.edu/20220415-solutions-first-mechanicaltree-installed-asu-carbon-collect-tempe
Carbon Collect - https://mechanicaltrees.com/
Blue
Planet
and Mitsubishi
September
23, 2020 - Mitsubishi
is working to develop
technology for locking CO2 in concrete as part of a separate
project with
Japanese construction group Kajima and Hiroshima-based utility
Chugoku Electric
Power
https://asia.nikkei.com/Spotlight/Environment/US-startup-s-carbon-capture-concrete-wins-Mitsubishi-s-backing
Blue Planet and Chevron
Houston, Texas, January 14, 2021 — Chevron Corporation (NYSE:
CVX) today
announced a Series C investment in San Jose-based Blue Planet
Systems
Corporation (“Blue Planet”), a startup that manufactures and
develops carbonate
aggregates and carbon capture technology intended to reduce
the carbon
intensity of industrial operations.
https://www.chevron.com/stories/chevron-invests-in-carbon-capture-and-utilization-startup
ExxonMobil,
February 1, 2021… $3
Billion,
mostly on 20 direct air capture projects. "ExxonMobil has more
than 30
years of experience in CCS technology and was the first
company to capture more
than 120 million tonnes of CO2, which is equivalent to the
emissions of more
than 25 million cars for one year. The company has an equity
share in about
one-fifth of global CO2 capture capacity and has captured
approximately 40
percent of all the captured anthropogenic CO2 in the world."
https://corporate.exxonmobil.com/News/Newsroom/News-releases/2021/0201_ExxonMobil-Low-Carbon-Solutions-to-commercialize-emission-reduction-technology
Exxon
Labarge, Wyoming, expands
to 8 million
tons per year from 6 to 7 million tons, May 5, 2022…
ExxonMobil
to Expand Carbon
Capture and Storage at LaBarge, Wyoming, Facility
https://www.yahoo.com/now/exxonmobil-expand-carbon-capture-storage-135000912.html
Exxon
Labarge EPA Verification Plan, 2018…
https://www.epa.gov/sites/default/files/2018-06/documents/shutecreekmrvplan.pdf
Climeworks... $76 million 2020, Microsoft
and Shopify
https://i3connect.com/company/climeworks
Climeworks Begins
Operations at
Carbfix, Reykjavik, Iceland
https://techcrunch.com/2021/12/03/co2-capture-iceland-climeworks-orca/
Petra Nova – next process
and Covid
Shutdown…
https://www.prnewswire.com/news-releases/lessons-learned-from-the-closure-of-petra-nova-idtechex-reports-301252906.html
Parish Fire, Petra Nova
and possible shutdown
of Parish…
https://environmenttexas.org/news/txe/statement-ft-bend-county%E2%80%99s-wa-parish-coal-plant-catches-fire
CHINA
June
27,
2022, Exxon Mobile China, 10 million tons per year, Dayawan
Petrochemical…
https://corporate.exxonmobil.com/news/newsroom/news-releases/2022/0627_exxonmobil-and-cnooc-and-shell-pursue-carbon-capture-and-storage-hub-in-china
April 30, 2021, Chinas
largest O&G
producer CNOOC is building 300,000 ton CO2 per year air
capture facility in the
South China Sea; undersea saline aquifer sequestration…
https://www.reuters.com/business/sustainable-business/chinas-cnooc-launches-first-offshore-carbon-capture-project-2021-08-30/
June 14, 2021, Eight
large-scale carbon
capture and utilization projects are scheduled by 2025 in
China, $450 billion…
https://www.scmp.com/business/china-business/article/3137245/climate-change-chinas-plans-double-carbon-capture-capacity
Gulf Coast Carbon CO2 Capture, Sequestration and Utilization Hub Carbon Hub, Carbon Capture Hub
December 14, 2022 - Infrastructure Act funding competition launched… $3.5 billion for four regional hubs. First round $1.2 billion from $3 million to $500 million matching funds, application deadline January 24, 2023. The remaining $2.3 billion round in 2024.
December
14, 2022,
DOE releases record funding for removing carbon, By Corbin
Hiar, Carlos
Anchondo, EE News
https://www.eenews.net/articles/doe-releases-record-funding-for-removing-carbon/
September 23, 2022 – DOE
$4.9 billion from
Bipartisan Infrastructure Act for point source CO2 capture
($2.54 B), pipeline
design ($110 m), and storage, validation and testing ($2.25
B)
The
Carbon Capture Demonstration Projects Program will provide up
to $2.54 billion
to develop six integrated carbon capture, transport and
storage projects that
can be deployed at power plants or other industrial
facilities, including
cement, pulp and paper, iron, steel, and certain types of
chemical plants.
- Carbon Dioxide Transport, Engineering, and Design will provide up to $100 million to design regional carbon dioxide pipeline networks to safely transport captured CO2.
- Carbon Storage
Validation, and Testing will
provide up to $2.25 billion to develop new and expanded
large-scale, commercial
carbon storage projects with the capacity to store at least 50
million metric
tons of CO2.
Exclusive: Energy Department announces nearly $4.9 billion for
carbon
management
(scroll down) https://www.washingtonpost.com/politics/2022/09/23/inside-two-day-scramble-add-drought-funding-climate-law/
July 28, 2022, The Big
Business of Burying
Carbon, Wired… A good article on what's really happening with carbon
hubs in Port
Arthur and Louisiana
https://www.wired.com/story/big-business-burying-carbon-dioxide-capture-storage/
May 19, 2022, DOE
Announces Bipartisan
Infrastructure Law Effort to Establish Regional Direct Air
Capture Hubs for
Large-Scale CO2 Removal… $3.5 billion NOI to fund – " Bipartisan Infrastructure Law’s $3.5 billion program to
capture and store
carbon dioxide (CO2) pollution directly from the air. The
Regional Direct Air
Capture Hubs program will support four large-scale, regional
direct air capture
hubs that each comprise a network of carbon dioxide removal
(CDR) projects to
help address the impacts of climate change, creating
good-paying jobs and
prioritizing community engagement and environmental justice."
https://www.energy.gov/articles/biden-administration-launches-35-billion-program-capture-carbon-pollution-air-0
May 20, 2022, Federal
Carbon Dioxide Removal
Leadership Act (Whitehouse and Coons)… accelerating U.S.
global leadership in
carbon dioxide removal technologies
https://www.whitehouse.senate.gov/news/release/whitehouse-coons-introduce-legislation-to-accelerate-carbon-dioxide-removal-
H.R.7434 – Federal Carbon
Dioxide Removal
Leadership Act… Starting at $500 ton, reducing thereafter
https://www.congress.gov/bill/117th-congress/house-bill/7434
One Pager Scale Act… https://www.coons.senate.gov/imo/media/doc/One%20Pager%20-%20SCALE%20Act%20-%20117.pdf
May
5, 2022,
Chevron joins first-of-its-kind Gulf Coast carbon
sequestration project…
https://grist.org/energy/chevron-joins-first-of-its-kind-gulf-coast-carbon-sequestration-project/
November
2021 - FYI on Lease 257 and CO2 injection… Takeaway - "Of the 317 bids the Bureau of Ocean
Energy
Management received – the highest since 2014 – about 140 of
them were for
tracts located in shallow waters of the Texas and Louisiana
coast, inexpensive
areas with depleted oil and gas reserves. 'The oil and gas
reserves in those
areas are pretty much tapped out at this point, so it's hard
for me to imagine
a company going in there with the idea of producing more oil
and gas,' said
Hugh Daigle, a petroleum researcher and professor at the
University of Texas.
'This is probably a CCS push.' "
Carbon capture plays prominent role in latest Gulf lease
auction, S&P
Global, Commodity Insights, 18 Nov 2021.
(Free account required) https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/111821-carbon-capture-plays-prominent-role-in-latest-gulf-lease-auction
ExxonMobil bids on 94
shallow-water tracts -
Auction confirms Gulf's carbon capture potential
Carbon
capture and storage played
a large role in Lease Sale 257, which recorded a bumper crop
of bids from oil
and gas producers Nov. 17 for drilling rights in the US Gulf
of Mexico.
Of the 317 bids the Bureau of Ocean Energy Management received
– the highest
since 2014 – about 140 of them were for tracts located in
shallow waters of the
Texas and Louisiana coast, inexpensive areas with depleted oil
and gas
reserves. "The oil and gas reserves in those areas are pretty
much tapped
out at this point, so it's hard for me to imagine a company
going in there with
the idea of producing more oil and gas," said Hugh Daigle, a
petroleum
researcher and professor at the University of Texas. "This is
probably a
CCS push."
The largest bidder for shallow-water tracts was ExxonMobil, which placed bids on 94 tracts worth $158,000 apiece, according to BOEM data. The company's tracts are clustered in the Brazos Area, the Galveston Area and the High Island Area – locations in close proximity to the company's announced $100 billion CCS hub that will be located in southeast Texas. ExxonMobil didn't confirm whether the 94 tracts it placed bids on will be used for CCS. In a Nov. 18 statement to S&P Global Platts, the company said it "will work with the Department of the Interior on plans for the blocks once they are awarded."
"ExxonMobil takes a long-term business view. We will evaluate the seismic and subsurface geology for future commercial potential," it said. Other shallow-water tracts that received bids from companies were located off the coast of Louisiana, close to large onshore sources of CO2 emissions and existing transportation infrastructure.
The Gulf CCS push indicated by the shallow-water bids should come as no surprise considering investors' increasing focus on environmental standards and the growing number of net-zero commitments amongst traditional oil and gas companies. Earlier this year the Wall Street Journal reported that ExxonMobil is considering a 2050 net-zero pledge but has yet to make a firm commitment.
"This is the first big lease sale in the Gulf of Mexico that has come after a lot of these companies have made various carbon commitments," Daigle said. "And in light of that, it's probably not surprising that you're starting to see some of these leasing decisions being driven not just by oil and gas production, but by other economic interests of the company."
March 2021 - Bipartisan
group introduces
nation’s first comprehensive CO2 infrastructure bill…
https://www.coons.senate.gov/news/press-releases/bipartisan-group-introduces-nations-first-comprehensive-co2-infrastructure-bill
July
11,
2021, Gulf Coast ready to develop Carbon Storage Hub…
The stage is set for a new carbon storage economy to emerge
along the Gulf
Coast, according to a study led by The University of Texas at
Austin.
"$100 billion or more" -- 50 million metric tons of CO2
annually by 2030. By 2040, it could be 100 million metric
tons: Average 75
million tons annually for 18 years, 1.35 billion tons total,
$74 per ton.
Gulf Coast ready to develop Carbon Storage Hub, Carbon Capture
Journal, July
11, 2021.
https://www.carboncapturejournal.com/news/gulf-coast-ready-to-develop-carbon-storage-hub/4700.aspx?Category=all
November
17,
2021, Calma, Exxon’s new Gulf of Mexico leases aren’t what
they seem, The
Verge…
https://www.theverge.com/2021/11/18/22789506/exxonmobil-gulf-of-mexico-lease-sale-carbon-capture-sequestration
November
17,
2021, Exxon Eyes CCS in Active US Gulf Lease Sale…
November
17, Energy Intelligence
Group
https://www.energyintel.com/0000017d-2f96-defa-ab7d-6fbf0ac90000
May
19,
2021,
Gulf Coast Carbon Center (BCCC) Bureau of Economic
Geology, University
of Texas…
https://www.beg.utexas.edu/gccc
Full Paper - Meckel et al., Carbon capture
utilization and storage hub development on the Gulf
Coast, Greenhouse
Gases Science and Technology, May 19, 2021.
https://onlinelibrary.wiley.com/doi/10.1002/ghg.2082?af=R
April
19,
2021, ExxonMobil Statement, $100 Billion…
The promise of carbon capture and storage, and a Texas-sized
call to action
https://energyfactor.exxonmobil.com/insights/partners/houston-ccs-hub/
and
AP,
110221,
Exxon seeks $100 billion for Houston carbon capture
plan…
https://apnews.com/article/climate-technology-business-paris-f76df7ee4e6a8a4b6bab96badb2eb41a
April
14,
2022, Exxon Mobile Australia 2 million tons per year in
design, Gippsland
Project…
https://corporate.exxonmobil.com/news/newsroom/news-releases/2022/0414_exxonmobil-begins-design-studies-for-south-east-australia-carbon-capture-hub-in-gippsland
Director, Climate Change Now Initiative, 501c3
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