1) Introductory Video (11 min.):
2) An image of the example combined power system that is explained in the above video:
4) A major opportunity has emerged to capture and sequester hundreds of millions of tons of CO2 from the atmosphere as a result of these three major developments:
a) Development of a breakthrough technology (Allam Cycle) that generates power from natural gas and captures 100% of CO2 created.
b) Development of new technologies that can capture CO2 from outside air (Direct Air Capture or DAC) at a relatively low estimated cost. Given below is of companies with innovative DAC technologies along with some related notes:
ii) Climeworks – Recently installed a 4,000 tonnes/year DAC facility in Iceland with Carbfix
vii) Heirloom Carbon Capture
viii) Mission Zero
x) Carbon Capture
xi) Agora Energy Technologies
c) Rapid growth of Green Bonds to finance projects that can be sold to financial organizations that have committed to investing in climate action such as the Glasgow Financial Alliance for Net Zero, which has a combined total of over $70 trillion US dollars under management.
5) To view more information about combining industrial carbon capture technologies with Direct Air Capture (DAC) technologies and renewable energy farms, visit: Business Opportunities Creating Large-Scale Carbon Emissions Mitigation: Leveraging available technologies, resources and finance to help accelerate mitigation of carbon emissions.
6) To accelerate the development of a range of DAC technologies and enable a larger pool of CCUS experts to become knowledgeable about this technology, demonstration projects utilizing this technology could be implemented in major CCUS clusters such as:
Each of these CCUS clusters already have several companies working together to utilize a common CO2 sequestering service and are inviting more companies to join them to utilize this same sequestering service. To view a more comprehensive list of these types of clusters around the world, see: Global Status of CCS 2020 report by Global CCS Institute. For some additional background about these types of clusters around the world, see: Understanding Industrial CCS hubs and clusters by the Global Carbon Capture and Storage Institute.
7) To help illustrate this overall opportunity for carbon emission mitigation, ClimateSAN has created a 3-min. and a 6-min. animated videos, which is shown in this webpage: Opportunity for Rapid Large-Scale Carbon Emissions Mitigation. This webpage also includes our 21-min. full presentation video about this opportunity.
8) Shown here is an opportunity for special purpose power plants combined with DAC: Opportunity for Large Scale Carbon Capture Using TerraFixing’s Direct Air Capture (DAC) Technology & Accelerating Its Implementation. For more detailed information about TerraFixing’s technology, visit this summary page: DRAFT: TerraFixing’s Direct Air Capture (DAC) Technology Summary.
9) Carbon can be captured on a large scale by farmers changing their farming practices. To learn more about this, see this recent report by the Rodale Institute. Recent report: Regenerative Agriculture and the Soil Carbon Solution. This report indicates that “global adoption of regenerative practices across both grasslands and arable acreage could sequester more than 100% of current anthropogenic emissions of CO2“. To view a video presentation by the Chief Operating Officer/Chief Scientist at Rodale Institute, Dr. Andrew Smith, visit: Video Recording starting at 18:05.
10) Carbon can also be captured by creating and utilizing “Bio-Char”. Farmers can get paid to do this through Puro Earth, which is now owned by Nasdaq. Puro Earth indicates on its website that it is “the world’s first B2B marketplace, standard and registry focused solely on carbon removals”.
15) Canada’s Track Record on commitments vs results illustrates the need for very large-scale action on climate change with the active participation of Canada’s oil and gas industry.
– Declining costs of these technologies.
– New locations to cost effectively store carbon dioxide.
– Substantial increase in availability of funding.
c) If the oil and gas industry does take this action, it can generate substantial profits doing so.