Poster's note: Swanson's law will only make it cheaper, as will the internal experience curves of the various technologies involved
https://www.nature.com/articles/d41586-018-05357-w Sucking carbon dioxide from air is cheaper than scientists thought Estimated cost of geoengineering technology to fight climate change has plunged since a 2011 analysis. Jeff Tollefson - <https://twitter.com/intent/tweet?text=Sucking+carbon+dioxide+from+air+is+cheaper+than+scientists+thought&url=https%3A%2F%2Fwww.nature.com%2Farticles%2Fd41586-018-05357-w> - <http://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.nature.com%2Farticles%2Fd41586-018-05357-w> - <?subject=Sucking%20carbon%20dioxide%20from%20air%20is%20cheaper%20than%20scientists%20thought&body=https%3A%2F%2Fwww.nature.com%2Farticles%2Fd41586-018-05357-w> This artist's rendering shows Carbon Engineering's design for an 'air contactor' to pull carbon dioxide from the atmosphere.credit: Carbon Engineering Siphoning carbon dioxide (CO2) from the atmosphere could be more than an expensive last-ditch strategy for averting climate catastrophe <https://www.nature.com/news/2008/081217/full/news.2008.1319.html>. A detailed economic analysis published on 7 June suggests that the geoengineering technology is inching closer to commercial viability. The study, in *Joule*, was written by researchers at Carbon Engineering in Calgary, Canada, which has been operating a pilot CO2-extraction plant in British Columbia since 2015. That plant — based on a concept called direct air capture <https://www.nature.com/news/commercial-boost-for-firms-that-suck-carbon-from-air-1.18551> — provided the basis for the economic analysis, which includes cost estimates from commercial vendors of all of the major components. Depending on a variety of design options and economic assumptions, the cost of pulling a tonne of CO2 from the atmosphere ranges between US$94 and $232. The last comprehensive analysis of the technology, conducted by the American Physical Society in 2011, estimated that it would cost $600 per tonne. Carbon Engineering says that it published the paper to advance discussions about the cost and potential of the technology. “We’re really trying to commercialize direct air capture in a serious way, and to do that, you have to have everybody in the supply chain on board,” says David Keith, acting chief scientist at Carbon Engineering and a climate physicist at Harvard University in Cambridge, Massachusetts. Competition in the air Founded in 2009, Carbon Engineering is one of a few companies pursuing direct air capture technologies. One competitor, Climeworks in Zurich, Switzerland, opened a commercial facility last year that can capture 900 tonnes of CO2 from the atmosphere each year for use in greenhouses. Climeworks has also opened a second facility in Iceland that can capture 50 tonnes of CO2 a year and bury it in underground basalt formations. Climeworks says that capturing a tonne of CO2 at its Swiss plant costs about $600. Company officials expect the figure to dip below $100 per tonne in 5-10 years as operations ramp up. In the meantime, Carbon Engineering’s paper provides the most detailed look yet at the cost of such technology. “It’s great to see human ingenuity marshalling around a problem that at first pass seemed to be intractable,” says Stephen Pacala, co-director of the carbon-mitigation initiative at Princeton University in New Jersey. Pacala also credits the Carbon Engineering team for publishing its results. “They have a proprietary interest in the technology, and nonetheless, they put out a readable and reviewable paper for sceptics to look at,” he says. Carbon Engineering’s design blows air through towers that contain a solution of potassium hydroxide, which reacts with CO2 to form potassium carbonate. The result, after further processing, is a calcium carbonate pellet that can be heated to release the CO2. That CO2could then be pressurized, put into a pipeline and disposed of underground, but the company is planning instead to use the gas to make synthetic, low-carbon fuels. Keith says that the company can produce these at a cost of about $1 per litre. When Carbon Engineering configured the air-capture plant for this purpose, they were able to bring costs down to as low as $94 per tonne of CO2. Cutting costs Klaus Lackner, a pioneer in the field who heads Arizona State University’s Center for Negative Emissions in Tempe, says that Carbon Engineering has taken a “brute-force” approach to driving down costs using known technologies. “They are coming within striking distance of making this interesting economically,” he says. Assuming that CO2 is buried to offset vehicles’ emissions of the gas, a price of $100 per tonne would add about $0.22 cents to the price of a litre of fuel, Lackner says. That’s a substantial but not unprecedented price increase, he adds. In the end, the economics of CO2extraction will depend on factors that vary by location, including the price of energy and whether or not a company can access government subsidies. But the cost per tonne is still likely to remain above the market price of carbon for the foreseeable future. Carbon credits in the European Union's trading system are trading for around €16 (US$19) per tonne of CO2, for instance. But CO2-extraction technology could gain a foothold in markets where the CO2 can be sold at a premium, or converted into a useful product like fuel. In the United States, Carbon Engineering is eyeing a recently expanded subsidy for carbon capture and sequestration, which could provide a tax credit of $35 per tonne for atmospheric CO2 that is converted into fuels. And regulators in California are debating a measure that would allow such fuels to qualify for the state’s Low Carbon Fuel Standard; carbon credits under that programme are currently trading around $135 per tonne. Carbon Engineering hopes to build a small facility that can produce 200 barrels of fuel per day by 2021, and then a commercial plant that can produce 2,000 barrels per day. “This is completely doable industrial technology,” he says. “We just need to begin, set up markets and see what happens.” -- You received this message because you are subscribed to the Google Groups "geoengineering" group. To unsubscribe from this group and stop receiving emails from it, send an email to geoengineering+unsubscr...@googlegroups.com. To post to this group, send email to geoengineering@googlegroups.com. Visit this group at https://groups.google.com/group/geoengineering. For more options, visit https://groups.google.com/d/optout.
