Carbon Capture, and specifically Direct Air Capture is a nascent but strategically critical industry in the fight against climate change. Find out more by looking through some frequently asked questions about the industry or Contact Us
Renewables are certainly a critical part of the solution for achieving net zero. They're complementary to DAC, as an ideal zero emissions power source
The scale of the problem requires a portfolio approach. Even in the most optimistic scenarios of renewables deployment there remains a gap. IEA sees a need for at least 60 Mt/yr of DAC by 2030
DAC also addresses not just the flow problem of more carbon, but also the stock problem of all of the carbon we've previously emitted
Point source capture occurs at the plant or source of emissions. Companies then need to manage the transport logistics to a sequestration site or industrial use case
DAC pulls carbon directly from the atmosphere, which is difficult because of concentration.
However DAC can be located anywhere, at any scale and is a true negative emission technology that can reduce existing atmospheric carbon and not just new emissions
Accordingly the tax credit for DAC is $180/ton while point capture is $85/ton
Reforestation is a common lever in carbon offsets today, however there are issues with scaling this approach to the megatons and gigatons we would have to remove by 2030-2050, and tracking this accurately
Trees take time to mature before they start removing significant carbon, and we would need significant landmass to plant the number of trees needed which could impact agriculture
DAC can be implemented in non-arable, remote regions, because the atmosphere is everywhere on the planet
Carbon pulled from the atmosphere can either be stored underground permanently, or used as a feedstock in various applications which include:
-Greenhouses
-Food and Beverage industry
-Petrochemical Feedstocks
-E-fuels (sustainable aviation fuel or synthetic gasoline)
We are conducting an upcoming test with Duke University where our carbon stream will be used to stimulate algae growth
Sequestering carbon underground was invented actually by the oil and gas industry and it's a highly mature and proven technology that's existed for decades
Unlike carbon capture at point sources (e.g. at a steel plant), DAC can be located at the sequestration site so there's minimal logistics and costs associated with transporting the carbon to put it underground
As a simple back of the envelope a US geological survey estimates that the United States has approximately 3,000 gigatons of underground storage capacity
The US emits ~6 gigatons per year, meaning we have theoretical capacity to store over 500 years of today's emissions (which should decline over time). This gives us more than sufficient time to transition to new energy infrastructure and develop new technologies
DAC has historically been extremely expensive, ranging from $600-1,000 per ton, but this is unsustainable
The Inflation Reduction Act upped the tax credit for carbon capture to $180/ton of carbon that is sequestered via DAC. Cost and scale are key to a sustainable business model
We believe we're on a low-risk path to below $85/ton, which we will achieve because of the high efficiency and throughput of our design and ability to use off the shelf inputs leveraging existing supply chains
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