PDF Publication Title:
Text from PDF Page: 026
One major contributor to companies in their early stages of carbon management technologies has been the U.S. Department of Energy’s Office of Fossil Energy. Since Fiscal Year 2010, Congress has appropriated a total of more than $5 billion to the DOE for activity related to carbon capture, a reflection of a remarkable area of political agreement during a time in which Democrats and Republicans have been starkly divided.49 During this time period, the Office of Fossil Energy funded nine “later-stage," large projects to test the commercial viability of CCS, and also provided grants to smaller projects.50 It is important to note that although these are not negative emissions projects, they highlight the role the U.S. government can play in facilitating advancement of technology that mitigates CO2 emissions. American Recovery and Reinvestment Act of 2009 was instrumental in stimulating project funding, which is aimed at reducing the financial and technical risks of commercial CCUS. In 2018, the Office of Fossil Energy funded roughly $85 million in projects for carbon management through the National Energy Tech Laboratory and has announced $30 million more for projects to advance technologies that bring down the cost of CO2 capture. The funding has gone to a mix of private companies, research institutions and universities, with the likes of Ohio State, Arizona State, and SRI International, a nonprofit started by Stanford University, receiving injections last year.51 Fossil Energy has stated its long-term goals in the carbon capture area. By funding projects for both public and private partners, it aims to bring down the cost of carbon capture, with the goal of “second- generation" technologies resulting in CO2 at less than $40 per ton during 2020-25. It also has ambitions to extend research for even more advanced technologies to bring the price below $30 per ton by 2035.52 Fragmented Industry Currently, the industry surrounding carbon removal and carbon utilization technology is fragmented. Although a handful of firms have reached or are near commercialization, there is no one dominant player that will dictate the direction of the industry. This dynamic provides opportunities for new companies, which have room to innovate and carve out their own niche. Potential customers have the opportunity to experiment with new businesses, and there may be less competition at this stage for entry, particularly in local and regional markets. On the downside, investors may balk at funding newer and smaller companies, hesitating in particular due to the fact that companies--and the entire market--have yet to mature. There is also the lack of one voice speaking for what the industry needs from policymakers with regards to regulation and legislation. Potential Growth in Using CO2 in Cement and Concrete A large number of companies in this space see opportunities in converting captured CO2 into cement and concrete. They are banking on growing demand for their products resulting from increases in population, infrastructure upgrades and urbanization mixed with the greater ambition to fight climate change. The cement industry, which contributes approximately 5-7 percent of global emissions, has a total market value of $1.3 trillion. So far, though, CCUS companies have penetrated only a small fraction of the cement 49 Folger, Peter. “Carbon Capture and Sequestration (CCS) in the United States.” Congressional Research Service. August 9, 2018. https://fas.org/sgp/crs/misc/R44902.pdf 50 “Advanced Fossil Energy: Information on DOE-Provided Funding for Research and Development Projects Started from Fiscal Years 2010 through 2017.” US Government Accountability Office. September 21, 2018. https://www.gao.gov/products/GAO-18- 619 51Office of Fossil Energy. https://www.energy.gov/fe/listings/fe-press-releases-and-techlines 52 Carbon Capture R&D. Office of Fossil Energy. https://www.energy.gov/fe/science-innovation/carbon-capture-and-storage- research/carbon-capture-rd 26PDF Image | Carbon Removal Final Report
PDF Search Title:
Carbon Removal Final ReportOriginal File Name Searched:
Carbon-Removal-Final.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)