PDF Publication Title:
Text from PDF Page: 024
Working Paper ID-065 to discontinue emissions or continue/reduce their emissions, paying for the level they emit.111 The EU and China both have carbon pricing programs.112 China, for example, has had several carbon pricing pilot programs in place and will reportedly roll out a national plan with monetary trading in 2020.113 Carbon prices in the EU reportedly tripled since 2018.114 As such, many companies worldwide are reportedly already considering a carbon price in their business plans.115 Cefic, the European chemical industry trade association, says in its “mid-century vision”— presenting a strategy for the European chemical industry through 2050—that a world carbon price would make waste carbon “a valuable commodity” and that the circular economy will play an important role in the European chemical industry’s future.”116 Cefic’s vision is based on numerous assumptions, including that the European CO2 price will grow to $111.47 per metric ton by 2050, incentivizing chemical producers to focus on CCU projects.117 As mentioned earlier, government policies play an important role in the evolving expansion of CCU projects. Although the rate at which government policies promoting CCU are being developed and implemented varies by country and region, these incentives and mandates are likely to increase the relative attractiveness of CCU investments for industrial emitters, as well as the rate of substitution of waste feedstocks for fossil-based feedstocks for consuming chemical companies. Case Study: What Is the Potential Impact on the Steel Industry? Steel manufacturers around the world are facing numerous factors affecting their bottom line, including growth projections, emissions targets, and carbon prices. This section addresses in more detail how CCU and chemical manufacturing can help mitigate costs and revenue loss. Production Trends The global steel industry is a significant source of industrial emissions, reportedly accounting for about 25 percent of the global manufacturing sector’s industrial emissions of CO2.118 The World Steel Association states that production of crude steel in 2019 amounted to 1.81 million metric tons in 2018, 111 World Bank, “Carbon Pricing Dashboard” (accessed February 8, 2020); Plumer and Popovich, “These Countries Have Prices on Carbon,” April 2, 2019. 112 BloombergNEF database, 1H 2019 LCOE; Ahmad, “Strengthening International Collaboration on Carbon Capture Use and Storage,” March 2019. 113 Economist, “From Smog to Slog,” September 21-27, 2019, 47-48; Timperley, “Q&A: How Will China’s New Carbon Trading Scheme Work?” CarbonBrief, January 29, 2018. 114 Newburger, “Steel Industry to Suffer Major Losses from Rising Carbon Prices and Climate Regulations, Report Says,” CNBC, July 30, 2019. 115 We Mean Business Coalition. “LanzaTech on Turning Pollution into Fuels and Products,” August 29, 2018. 116 Cefic, “Molecule Managers,” October 2017, 27 and 45; Buxton, “Circular Economy Key to Future of European Chemical Industry,” Chemical Watch, June 27, 2019. 117 Cefic, “Molecule Managers,” October 2017, 57. Converting 100 € using an exchange rate of 1 Euro = US $1.115 on December 16, 2019 (https://www.xe.com/currencyconverter/convert/?Amount=100&From=EUR&To=USD). 118 Global Efficiency Intelligence, “How Clean is the U.S. Steel Industry? An International Benchmarking of Energy and CO2 Intensities,” November 2019. 24 | www.usitc.govPDF Image | Using Waste Carbon Feedstocks to Produce Chemicals
PDF Search Title:
Using Waste Carbon Feedstocks to Produce ChemicalsOriginal File Name Searched:
using_waste_carbon_feedstocks_to_produce_chemicals.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com (Standard Web Page)