Svante Inc., LafargeHolcim, Oxy Low Carbon Ventures, LLC (OLCV), a wholly-owned subsidiary of Occidental, and Total introduced a joint examine 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 examine will consider the price of the power designed to seize as much as 725,000 tonnes of carbon dioxide per 12 months instantly 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 decreasing emissions,” OLCV President Richard Jackson mentioned. “Participating on this examine aligns with our targets of discovering a cost-effective pathway towards large-scale utility of carbon-capture applied sciences to scale back emissions.”
The carbon-capture facility beneath assessment will make use of Svante’s expertise to seize carbon instantly from industrial sources at half the capital price of current options. Occidental, the trade chief in CO2 administration and storage, would sequester the captured CO2 . Pairing carbon seize from a cement plant with CO2 sequestration is a major step ahead for the cement trade in decreasing 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 price 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 important advances in Carbon Capture, Utilization and Storage (CCUS) expertise, a key expertise to curb worldwide CO2 emissions. Our funding on this joint examine is instantly aligned with our technique. The learnings from this examine will assist us pursue our dedication to the industrial 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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