2012-06-25. Seeking a Profitable Place to Put Captured Carbon

posted Jun 27, 2012, 1:06 PM by Lisa Ou   [ updated Jun 27, 2012, 4:45 PM ]
| by Matthew L. Wald, The NY Times. An article relevant to GSS Energy Use chapter 4 and Climate Change chapter 4. Excerpt:  Two major oil companies joined by a chemical company and an investment group have invested $9 million in a commercial carbon capture project in Texas that will treat the flue gases from a coal-fired cement kiln and turn them into marketable chemicals. Joe David Jones, the chief executive of Skyonic, emphasized that the plant would be different because it was “non-pump-it-in-the-ground carbon capture.” Most efforts so far have focused on carbon capture and sequestration, which turns the gas into a liquid that is pumped deep underground at a significant energy cost. This process will also cost energy, but he said it would be commercially viable. Commercial recovery of carbon dioxide is rare but not unheard of…But even if the market for sodium bicarbonate, the main product, is small, Mr. Lashof said it was encouraging to see a company try to make money from an activity that could help slow the buildup of climate-changing gases in the atmosphere. The biggest market for captured carbon dioxide is likely to be pumping it into old oil wells to stimulate greater production, which could be on the order of 40 million tons per year, he said.... Read more: http://green.blogs.nytimes.com/2012/06/25/seeking-a-profitable-place-to-put-captured-carbon/