Re: [geo] Re: Carbon Engineering raises 11M

[Andrew Lockley]

List

I've had more than one complaint about this post. It's probably time to
remind everyone of a few of the ground rules again.

Please can everyone ensure that posts to the geoengineering group are
consistent with the standards of civility and argument one would expect to
find in the letters pages of NewScientist, Scientific American or Popular
Mechanics?

Hostile language, as hominem and sloppy fact checking is not acceptable.
Professional reputations, investment capital and the reputation of the
field in general can be gravely and unfairly affected by intemperate and
poorly researched posts.

Persistent offenders will be placed on moderation or removed from the
group.

Thanks

Andrew Lockley
Moderator

On Fri, 13 Jul 2018, 20:26 Leon Di Marco,  wrote:

> *Another piece of fanciful commercial drivel from the Carbon Engineering
> PR dept .   **As was apparent from the recent paper by Keith et al,
> these fuels are not **"ultra low carbon" **as stated as it uses CO2
> derived from burning natural gas (which isnt "clean" ) .  In any case CE is
> not going to build any synthetic fuel plant as they have previously said
> that they are an intellectual property licencing company.*
>
> *Nor will this the announcement of a plant be*  "*the first in the world
> to commercially sell transportation fuels synthesized from air and clean
> electricity."**as Sunfire , Climeworks and Nordic Blue Crude AS
> announced a commercial synthetic fuel plant for air to fuel synthesis using
> renewable electricity in July of last year - *
> *(  David Keith is the executive chairman of Carbon Engineering)*
>
>
>
> http://www.cleanfuelnow.com/single-post/2017/07/21/Norway-aim-to-lead-the-way-in-synthetic-fuel-production
>
>
> *Norway aim to lead the way in synthetic fuel production*
>
> 21.07.2017
>
> |
>
> Samuel Polley
> 
>
> Clean Fuel Now has written a lot about Blue Crude, the synthetic diesel,
> which is an alternative to the fuels that run our cars, planes and even
> space rockets. Plans have been unveiled to produce Blue Crude in large
> volumes in Norway by 2020.
>
>
>
> The plant will be located in the Porsgrunn, which is on the south coast of
> Norway. Nordic Blue Crude AS, who are launching the project, expect to
> produce 8000 tonnes of Blue Crude annually, which is the equivalent of
> supplying 13,000 cars with synthetic fuel and avoiding 21,000 tonnes of
> fossil CO2 emissions. They also expect to target a price lower than €2
> litre. The process is a partnership between Sunfire
> , Nordic Blue Crude AS
> , Climeworks  and
> EDL plant construction, amongst others.
>
>
>
>
>
> The crude oil alternative, is produced entirely using water, green energy
> and CO2. Norway’s considerable and inexpensive hydropower resources, mean a
> perfect environment to produce the fuel. The CO2 will be sourced partly
> from Climeworks, capture the CO2 directly from the air.
>
>
>
> Gunnar Holen, CEO of Nordic Blue Crude AS, has outlined an ambitious plan
> to scale up the plant by 10 times after they have gained enough experience
> from the first 10 million litre capacity. Nordic Blue Crude AS, who have
> exclusive rights in Norway and Sweden, then plan to launch 10 more plants
> across the region.
>
>
> Blue Crude is the ultimate circular economy product, which is not only
> useable in our vehicles, but also in thousands of products such as, plastic
> based products, chewing gum, shoes and smartphones. By mining CO2 out of
> the air, and using renewable energy, many of the products we use in our
> daily lives can become significantly more climate friendly, and our
> transportation systems will be less of a burden on the climate.
>
> On Friday, July 13, 2018 at 8:12:53 AM UTC+1, Andrew Lockley wrote:
>>
>>
>>
>> https://globenewswire.com/news-release/2018/07/12/1536582/0/en/Carbon-Engineering-raises-11M-to-commercialize-its-technology-that-creates-clean-fuel-from-air.html
>>
>>
>>
>> Carbon Engineering raises $11M to commercialize its technology that
>> creates clean fuel from air
>> *July 12, 2018 09:00 ET *| *Source:* Carbon Engineering
>>
>> Squamish, BC, July 12, 2018 (GLOBE NEWSWIRE) -- *Carbon Engineering
>> raises $11M to commercialize its technology that creates clean fuel from
>> air*
>>
>> *Squamish, B.C.* – *July 12, 2018 *– Carbon Engineering Ltd. (CE)
>> announced today it has raised gross proceeds of CAD $11 million in its
>> recently closed convertible loan bridge financing round. This investment
>> provides the funding for CE to expand its existing pilot plant and design
>> its first commercial AIR TO FUELS™ plant, which will be the first in the
>> world to commercially sell transportation fuels synthesized from air and
>> clean electricity.
>>
>> The $11 million convertible loan bridge financing round was raised from
>> both existing CE stakeholders, including board members and 

[geo] Re: Carbon Engineering raises 11M

[Leon Di Marco]

*Another piece of fanciful commercial drivel from the Carbon Engineering PR 
dept .   **As was apparent from the recent paper by Keith et al,  these 
fuels are not **"ultra low carbon" **as stated as it uses CO2 derived from 
burning natural gas (which isnt "clean" ) .  In any case CE is not going to 
build any synthetic fuel plant as they have previously said that they are 
an intellectual property licencing company.*

*Nor will this the announcement of a plant be*  "*the first in the world to 
commercially sell transportation fuels synthesized from air and clean 
electricity."**as Sunfire , Climeworks and Nordic Blue Crude AS 
announced a commercial synthetic fuel plant for air to fuel synthesis using 
renewable electricity in July of last year - *
*(  David Keith is the executive chairman of Carbon Engineering)*


http://www.cleanfuelnow.com/single-post/2017/07/21/Norway-aim-to-lead-the-way-in-synthetic-fuel-production


*Norway aim to lead the way in synthetic fuel production*

21.07.2017

|

Samuel Polley


Clean Fuel Now has written a lot about Blue Crude, the synthetic diesel, 
which is an alternative to the fuels that run our cars, planes and even 
space rockets. Plans have been unveiled to produce Blue Crude in large 
volumes in Norway by 2020. 

 

The plant will be located in the Porsgrunn, which is on the south coast of 
Norway. Nordic Blue Crude AS, who are launching the project, expect to 
produce 8000 tonnes of Blue Crude annually, which is the equivalent of 
supplying 13,000 cars with synthetic fuel and avoiding 21,000 tonnes of 
fossil CO2 emissions. They also expect to target a price lower than €2 
litre. The process is a partnership between Sunfire 
, Nordic Blue Crude AS , Climeworks 
 and EDL plant construction, amongst others. 

 

 

The crude oil alternative, is produced entirely using water, green energy 
and CO2. Norway’s considerable and inexpensive hydropower resources, mean a 
perfect environment to produce the fuel. The CO2 will be sourced partly 
from Climeworks, capture the CO2 directly from the air. 

 

Gunnar Holen, CEO of Nordic Blue Crude AS, has outlined an ambitious plan 
to scale up the plant by 10 times after they have gained enough experience 
from the first 10 million litre capacity. Nordic Blue Crude AS, who have 
exclusive rights in Norway and Sweden, then plan to launch 10 more plants 
across the region. 


Blue Crude is the ultimate circular economy product, which is not only 
useable in our vehicles, but also in thousands of products such as, plastic 
based products, chewing gum, shoes and smartphones. By mining CO2 out of 
the air, and using renewable energy, many of the products we use in our 
daily lives can become significantly more climate friendly, and our 
transportation systems will be less of a burden on the climate. 

On Friday, July 13, 2018 at 8:12:53 AM UTC+1, Andrew Lockley wrote:
>
>
>
> https://globenewswire.com/news-release/2018/07/12/1536582/0/en/Carbon-Engineering-raises-11M-to-commercialize-its-technology-that-creates-clean-fuel-from-air.html
>
>
>
> Carbon Engineering raises $11M to commercialize its technology that 
> creates clean fuel from air
> *July 12, 2018 09:00 ET *| *Source:* Carbon Engineering
>
> Squamish, BC, July 12, 2018 (GLOBE NEWSWIRE) -- *Carbon Engineering 
> raises $11M to commercialize its technology that creates clean fuel from 
> air*
>
> *Squamish, B.C.* – *July 12, 2018 *– Carbon Engineering Ltd. (CE) 
> announced today it has raised gross proceeds of CAD $11 million in its 
> recently closed convertible loan bridge financing round. This investment 
> provides the funding for CE to expand its existing pilot plant and design 
> its first commercial AIR TO FUELS™ plant, which will be the first in the 
> world to commercially sell transportation fuels synthesized from air and 
> clean electricity.
>
> The $11 million convertible loan bridge financing round was raised from 
> both existing CE stakeholders, including board members and employees, and 
> from new investors. This financing was concluded in anticipation of an 
> equity financing, which is expected to be completed as soon as possible.
>
> “We’ve seen a very high level of interest and have had to ask many 
> interested investors to wait for future investment rounds,” said Steve 
> Oldham, CEO of Carbon Engineering. “The response we’ve seen signals a big 
> step forward not only for CE, but for the wider carbon capture and advanced 
> fuels industry, as the scope and size of the business opportunity these 
> technologies offer becomes clear.
>
> “For CE, this investment enables us to aggressively accelerate our 
> go-to-market strategy. We are now actively seeking strategic partners to 
> work with us to build full-scale commercial facilities and customers 
> interested in supply agreements for our ultra-low carbon fuel.”