Opportunity for Rapid Large-Scale Carbon Emissions Mitigation
A solution that can be scaled globally
Section A – Introduction
1) 3-min. Animated Intro Video:
2) Extended Animated Intro Video (6 min.):
To view only the 3-min. extended segment of this intro video, visit: LINK.
3) Animated Intro Video (7 min.):
4) Full (22.5-min.) video presentation:
- Provides reliable power to the electrical grid even when wind and/or solar farms are not generating power.
- Generates negative carbon emissions.
- Demonstrates how the oil and gas sector can help scale-up wind and/or solar farms cost-effectively.
- Helps the oil, gas and power plant workers transition to and participate in a low carbon economy.
- Helps governments and companies that depend on income from fossil fuels to transition to a low-carbon economy.
- Reduces the incentive for oil and gas companies to resist policies that support large-scale action on climate change.
- Helps build political support to transition to a low carbon economy.
- Helps build an industry that utilizes CO2 for productive uses including vertical farming, which supports food security.
a) NET Power – Developer of the Allam-Fetvedt Cycle for 100% carbon capture for power plants fueled by natural gas. NET Power is owned by Exelon Corporation, McDermott International Ltd, Occidental Petroleum Corporation (Oxy) Low Carbon Ventures, and 8 Rivers Capital.
Board members include:
ii) Climate Action 100+ initiative, which includes firms with over US$35 trillion in assets under management.
Section D: Acceleration and Scale Up of DAC & CCUS Technologies
17) To accelerate the scale-up of DAC technologies, CCUS and DAC research centers could be invited to work on projects such as the ones outlined below:
a) Select best locations for facilities using DAC technology. Then estimate the expected capital and operating costs of an appropriately sized facility based on local conditions and availability of energy.
b) Explore complementary technology options, such as Vertical Farms, for selected possible locations for implementation.
c) Explore options to receive CO2 from large emitters of this gas that can be sequestered in the same location as the DAC site.
d) Work with Green Bond specialists to evaluate selected projects and determine if they are “Green Bond Eligible”.
e) Reach out to potential partners who may want to finance and/or operate facilities.
f) Prepare proposals for funding next steps needed for scale-up.
For a more detailed summary of research projects that can be implemented by CCUS and DAC research centers, visit: Set of Proposed Research Projects Relating an Opportunity that has Emerged to Reduce Carbon Emissions on a Global Scale.
18) To accelerate development of a range of DAC technologies, including TerraFixing’s technology, 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.
19) Research funding can come from the existing sources for these institutes and very high net worth (VHNW) individuals who are very concerned about climate change.
20) Puro Earth indicates on its website that it is “the world’s first B2B marketplace, standard and registry focused solely on carbon removals”. To help companies obtain capital to build a facility, Puro-Earth helps facilitate long term off-take agreements for the carbon that is expected to be captured and stored by this facility.
a) CNE: The Case for Negative Emissions (144 pages) by the Coalition for Negative Emissions
b) McKinsey: Driving CO2 emissions to zero (and beyond) with carbon capture, use, and storage, June 2020
c) McKinsey: Net-Zero Europe – Decarbonization pathways and socioeconomic implications – How the European Union could achieve net-zero emissions at net-zero cost
d) ECI: DAC Climate Mobilization Report, – Mobilize Now – Scaling up Direct Air Capture by The Elk Coast Institute, Oct 2021
e) ECI: The case for Mobilization, Peter Eisenberger, May 2020
f) ECI: Carbon Negative Power Plants, May 2011, Peter Eisenberger and Graciela Chichilnisky
g) Research Opportunities for CO2 Utilization and Negative Emissions at the Gigatonne Scale by Arun Majumdar & John Deutch
h) C2ES: Carbon Dioxide Removal: Pathways and Policy Needs, June 2021
i) Microsoft: Microsoft carbon removal Lessons from an early corporate purchase, 2021
j) Wiki article on Direct Air Capture (DAC) of Carbon Dioxide: Direct Air Capture.
23) Some Battery-based Utility Scale Energy Storage Companies:
Section E: Summary
24) In summary, scaling-up DAC technology with power plants that do not emit carbon emissions may be one of the biggest opportunities to reduce CO2 emissions on a global scale before 2030 and beyond. It includes the following key features:
a) Technologies are available now for scale-up.
b) We can engage the fossil fuel, energy storage, renewable energy and direct air capture sectors to participate in and benefit greatly from it.
c) Financial mechanisms and money are available to fund a massive scale of these technologies.
d) There are natural resources and locations available to implement this on a global scale.
Section F: Next Steps
25) Given below is a list of information that is now in the process being researched by ClimateSAN:
a) Capital and operating cost of 300 MW power plant running the Allam Cycle.
b) Expected cost per MW of 300 MW power plant running the Allam Cycle at close to 100% capacity utilization.
c) Expected capital cost premium for construction of power plant and DAC facility areas near or in the Arctic circle.
d) Expected cost of carbon sequestration.