Zürcher Nachrichten - US to invest $1.2 bn on facilities to pull carbon from air

EUR -
AED 4.183233
AFN 72.900104
ALL 91.877324
AMD 414.797627
ANG 2.039349
AOA 1045.665133
ARS 1736.795085
AUD 1.614556
AWG 2.050324
AZN 1.929371
BAM 1.955317
BBD 2.295034
BDT 140.215395
BGN 1.917555
BHD 0.429594
BIF 3432.052962
BMD 1.139069
BND 1.455841
BOB 13.964554
BRL 5.909604
BSD 1.139419
BTN 109.11607
BWP 15.516171
BYN 3.44275
BYR 22325.749957
BZD 2.291734
CAD 1.610017
CDF 2665.421243
CHF 0.943457
CLF 0.027745
CLP 1095.522593
CNY 7.646854
CNH 7.670829
COP 3814.158657
CRC 518.072139
CUC 1.139069
CUP 27.347251
CVE 110.237793
CZK 24.358299
DJF 202.909921
DKK 7.475483
DOP 67.763276
DZD 152.818284
EGP 58.990341
ERN 17.086033
ETB 184.850379
FJD 2.559773
FKP 0.85991
GBP 0.859642
GEL 2.978697
GGP 0.85991
GHS 13.234734
GIP 0.85991
GMD 83.7416
GNF 10021.526666
GTQ 8.701852
GYD 238.41116
HKD 8.933144
HNL 30.583452
HRK 7.533577
HTG 149.123196
HUF 365.202592
IDR 20405.39374
ILS 3.47195
IMP 0.85991
INR 109.142732
IQD 1492.731591
IRR 1565735.599723
ISK 136.984345
JEP 0.85991
JMD 180.275508
JOD 0.807618
JPY 179.112846
KES 147.673554
KGS 99.609521
KHR 4633.856354
KMF 493.217167
KPW 1025.16235
KRW 1542.572887
KWD 0.351562
KYD 0.949566
KZT 504.785418
LAK 25558.69206
LBP 102039.416452
LKR 376.227146
LRD 195.991629
LSL 18.590812
LTL 3.363374
LVL 0.689011
LYD 7.285202
MAD 10.934601
MDL 20.226008
MGA 5030.758398
MKD 61.559807
MMK 2391.318071
MNT 4096.27867
MOP 9.206128
MRU 45.840686
MUR 54.140099
MVR 17.598252
MWK 1975.812365
MXN 20.229913
MYR 4.640683
MZN 72.797622
NAD 18.590812
NGN 1510.838223
NIO 41.929652
NOK 10.830096
NPR 174.585912
NZD 1.992947
OMR 0.439192
PAB 1.139419
PEN 3.868245
PGK 5.076747
PHP 71.01757
PKR 315.746773
PLN 4.371461
PYG 6716.342392
QAR 4.153475
RON 5.27298
RSD 117.42102
RUB 96.076288
RWF 1684.084364
SAR 4.278244
SBD 9.113134
SCR 15.790891
SDG 685.148141
SEK 11.297001
SGD 1.456185
SHP 0.859999
SLE 28.078724
SLL 23885.695533
SOS 651.239273
SRD 42.905879
STD 23576.425949
STN 24.493955
SVC 9.970539
SYP 14810.173807
SZL 18.586413
THB 38.016405
TJS 10.511606
TMT 3.998132
TND 3.373267
TOP 2.742604
TRY 55.748878
TTD 7.750087
TWD 36.141174
TZS 3024.153632
UAH 51.024307
UGX 4462.898547
USD 1.139069
UYU 45.648734
UZS 13485.671707
VES 970.978133
VND 29588.453106
VUV 134.852368
WST 3.127568
XAF 655.957
XAG 0.017716
XAU 0.000265798508
XCD 3.07839
XCG 2.053593
XDR 0.805381
XOF 655.957
XPF 119.331742
YER 269.560677
ZAR 18.44165
ZMK 10252.989304
ZMW 22.227514
ZWL 366.779713
SSP 6507.035634
MXV 2.292486
  • BCC

    1.0400

    77.14

    +1.35%

  • NGG

    0.2600

    75.49

    +0.34%

  • RYCEF

    -0.3600

    19.31

    -1.86%

  • RBGPF

    -0.5900

    65.4

    -0.9%

  • BCE

    -0.3300

    20.97

    -1.57%

  • VOD

    0.1300

    16.62

    +0.78%

  • RIO

    0.0900

    94.56

    +0.1%

  • GSK

    -0.4100

    49.24

    -0.83%

  • CMSC

    -0.1100

    20.4

    -0.54%

  • CMSD

    -0.0700

    20.3

    -0.34%

  • BTI

    -0.3900

    55.63

    -0.7%

  • AZN

    2.0200

    166.58

    +1.21%

  • RELX

    0.0100

    33.52

    +0.03%

  • JRI

    -0.1500

    11.02

    -1.36%

  • BP

    -0.2600

    44.15

    -0.59%

US to invest $1.2 bn on facilities to pull carbon from air
US to invest $1.2 bn on facilities to pull carbon from air / Photo: Patrick T. Fallon - AFP/File

US to invest $1.2 bn on facilities to pull carbon from air

The US government said Friday it will spend up to $1.2 billion for two pioneering facilities to vacuum carbon out of the air, a historic gamble on a still developing technology to combat global warming that is criticized by some experts.

Text size:

The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per year, equivalent in total to the annual emissions of 445,000 gas-powered cars.

It is "the world's largest investment in engineered carbon removal in history," the Energy Department said in a statement.

"Cutting back on our carbon emissions alone won't reverse the growing impacts of climate change," Energy Secretary Jennifer Granholm said in the statement. "We also need to remove the CO2 that we've already put in the atmosphere."

Direct Air Capture (DAC) techniques -- also known as Carbon Dioxide Removal (CDR) -- focus on that CO2 emitted into the air, which is helping to fuel climate change and extreme weather.

Each of the projects will remove 250 times more CO2 from the air than the largest carbon capture site currently in operation, the Energy Department said.

The UN's International Panel on Climate Change (IPCC) considers capturing carbon dioxide directly from the atmosphere one of the methods necessary to combat global warming.

But the sector is still marginal -- there are just 27 existing carbon capture sites commissioned worldwide, according to the International Energy Agency, though at least 130 projects are under development.

And some experts worry that use of the technology will be a pretext for continuing to emit greenhouse gases, rather than switching more quickly to clean energies.

Direct capture "requires a lot of electricity for extracting CO2 from the air and compressing it for pipes," Stanford University professor Mark Jacobson told AFP.

"Even in the best case, where the electricity is renewable, that renewable electricity is then prevented from replacing a fossil electricity source on the grid, such as coal or gas."

That means such technology is nothing more than a "gimmick," he said, adding: "It will only delay our solution to the climate problem."

- Storing CO2 underground -

US non-profit Battelle is the prime contractor on the Louisiana project, which will inject captured CO2 for storage deep underground.

It will partner with another American company, Heirloom, and the Swiss firm Climeworks, already a sector leader that operates a plant in Iceland with an annual capacity to capture 4,000 tons of CO2 from the air.

The Texas project will be led by the American company Occidental and other partners, including Carbon Engineering. It could be developed to eliminate up to 30 million tons of CO2 per year, according to a statement from Occidental.

"The rocks in the subsoil of Louisiana and Texas are sedimentary rocks, very different from Icelandic basalts, but they are perfectly viable for storing CO2," Helene Pilorge, an associate researcher at the University of Pennsylvania studying carbon capture, told AFP.

The two projects should create 4,800 jobs, according to the energy department. No start date is yet confirmed for either.

They will be funded by President Joe Biden's major infrastructure bill passed in 2021.

The Energy Department previously announced plans to invest in four projects to the tune of $3.5 billion.

Direct capture differs from carbon capture and storage (CCS) systems at source, such as factory chimneys, which prevent additional emissions from reaching the atmosphere.

In May, the Biden administration announced a plan to reduce CO2 emissions from gas-fired and coal-fired power plants, focusing in particular on this second technique.

A.P.Huber--NZN