Svante Inc., LafargeHolcim, Oxy Low Carbon Ventures, LLC (OLCV), a wholly-owned subsidiary of Occidental, and Total introduced a joint research to evaluate the viability and design of a commercial-scale carbon-capture facility on the Holcim Portland Cement Plant in Florence, Colorado, U.S.
The research will consider the price of the ability designed to seize as much as 725,000 tonnes of carbon dioxide per yr straight from the LafargeHolcim cement plant, which might be sequestered underground completely by Occidental.
“OLCV is devoted to advancing low-carbon options that can improve Occidental’s enterprise whereas lowering emissions,” OLCV President Richard Jackson mentioned. “Participating on this research aligns with our targets of discovering a cheap pathway towards large-scale software of carbon-capture applied sciences to cut back emissions.”
The carbon-capture facility below evaluation will make use of Svante’s expertise to seize carbon straight from industrial sources at half the capital value of present options. Occidental, the business chief in CO2 administration and storage, would sequester the captured CO2 . Pairing carbon seize from a cement plant with CO2 sequestration is a big step ahead for the cement business in lowering its carbon footprint.
“Being on the forefront of the low-carbon transition requires steady innovation and partnerships,” LafargeHolcim CEO Jan Jenisch mentioned.
“Svante’s capital value benefit, mixed with progressive tax credit score insurance policies such because the 45Q tax credit score within the U.S., could make carbon seize worthwhile throughout a spread of large-scale industrial purposes like cement,” mentioned Claude Letourneau, president and CEO of Svante Inc.
“Total has slated 10% of its annual R&D finances to make vital advances in Carbon Capture, Utilization and Storage (CCUS) expertise, a key expertise to curb worldwide CO2 emissions. Our funding on this joint research is straight aligned with our technique. The learnings from this research will assist us pursue our dedication to the business improvement of CCUS,” mentioned Marie-Noëlle Semeria, Senior Vice President, Group CTO at Total.
This joint initiative follows the recently-launched Project CO2MENT between Svante, LafargeHolcim and Total in Canada on the Lafarge Richmond cement plant, the place progress has been made in direction of re-injecting captured CO2 into concrete.
(Source: Total – Image: Holcim Portland plant, Fremont county, Colorado/Jeffrey Beall)
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