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

EUR -
AED 4.27928
AFN 72.830397
ALL 95.473946
AMD 429.710635
ANG 2.086283
AOA 1069.6737
ARS 1621.711681
AUD 1.620051
AWG 2.100313
AZN 1.981292
BAM 1.946715
BBD 2.357657
BDT 143.061731
BGN 1.945827
BHD 0.44148
BIF 3485.108757
BMD 1.165222
BND 1.490519
BOB 8.053312
BRL 5.833109
BSD 1.170581
BTN 111.669453
BWP 16.487501
BYN 3.270408
BYR 22838.351572
BZD 2.354258
CAD 1.600951
CDF 2615.923177
CHF 0.914752
CLF 0.026467
CLP 1041.685501
CNY 7.906143
CNH 7.92055
COP 4415.86519
CRC 531.954833
CUC 1.165222
CUP 30.878384
CVE 110.425363
CZK 24.318242
DJF 208.443117
DKK 7.473059
DOP 69.381066
DZD 154.111905
EGP 61.626294
ERN 17.47833
ETB 182.772723
FJD 2.55877
FKP 0.861904
GBP 0.871161
GEL 3.122885
GGP 0.861904
GHS 13.294634
GIP 0.861904
GMD 84.4706
GNF 10264.198971
GTQ 8.891504
GYD 243.818981
HKD 9.125419
HNL 31.130505
HRK 7.532692
HTG 153.284881
HUF 359.105692
IDR 20479.184811
ILS 3.382175
IMP 0.861904
INR 111.718516
IQD 1526.440845
IRR 1532266.955489
ISK 143.60179
JEP 0.861904
JMD 185.079493
JOD 0.826149
JPY 184.70225
KES 150.605099
KGS 101.898821
KHR 4696.617559
KMF 491.723396
KPW 1048.66563
KRW 1745.654305
KWD 0.359506
KYD 0.971263
KZT 551.673027
LAK 25582.449105
LBP 104331.669901
LKR 379.070912
LRD 213.527012
LSL 19.214134
LTL 3.440597
LVL 0.704831
LYD 7.429972
MAD 10.730238
MDL 20.121509
MGA 4902.662098
MKD 61.636379
MMK 2446.809006
MNT 4171.646561
MOP 9.402598
MRU 46.776235
MUR 54.645266
MVR 17.94104
MWK 2029.346205
MXN 20.111272
MYR 4.59622
MZN 74.469317
NAD 19.214235
NGN 1595.387557
NIO 43.078244
NOK 10.824097
NPR 179.460027
NZD 1.97973
OMR 0.448027
PAB 1.165436
PEN 4.016559
PGK 5.099608
PHP 71.831306
PKR 326.029029
PLN 4.247006
PYG 7133.053439
QAR 4.247816
RON 5.200963
RSD 117.395846
RUB 85.352884
RWF 1712.132771
SAR 4.374416
SBD 9.340579
SCR 15.914979
SDG 699.71378
SEK 10.976823
SGD 1.488292
SHP 0.869956
SLE 28.723019
SLL 24434.12558
SOS 669.01743
SRD 43.35443
STD 24117.743219
STN 24.493316
SVC 10.197148
SYP 128.790513
SZL 19.20076
THB 37.848763
TJS 10.890833
TMT 4.078277
TND 3.365208
TOP 2.805575
TRY 53.066072
TTD 7.912868
TWD 36.732577
TZS 3023.751425
UAH 51.460657
UGX 4358.546858
USD 1.165222
UYU 46.412204
UZS 14035.099706
VES 594.436632
VND 30690.200147
VUV 137.586688
WST 3.156028
XAF 655.778043
XAG 0.014295
XAU 0.000252
XCD 3.149071
XCG 2.100389
XDR 0.815577
XOF 655.778043
XPF 119.331742
YER 278.079904
ZAR 19.262868
ZMK 10488.39105
ZMW 22.035987
ZWL 375.201015
  • RBGPF

    0.8900

    61.68

    +1.44%

  • CMSD

    0.0400

    23.6

    +0.17%

  • BTI

    1.3500

    66.7

    +2.02%

  • RIO

    -2.4500

    109.59

    -2.24%

  • GSK

    -0.0300

    50.96

    -0.06%

  • NGG

    0.4500

    87.43

    +0.51%

  • BCE

    -0.2000

    24.19

    -0.83%

  • RYCEF

    -0.1300

    15.9

    -0.82%

  • CMSC

    0.0898

    23.14

    +0.39%

  • AZN

    -2.7600

    184.96

    -1.49%

  • JRI

    0.0100

    13.14

    +0.08%

  • RELX

    -0.1600

    31.46

    -0.51%

  • BP

    -0.0200

    44.12

    -0.05%

  • BCC

    2.4200

    69.4

    +3.49%

  • VOD

    -0.0300

    15.48

    -0.19%

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.

G.Gopinath--DT