![]() ![]() CarbonQuest has already partnered with large building operators to integrate their capture systems into established buildings powered by large natural gas boilers. Fortunately, this is where CarbonQuest steps in.Įstablished in 2019, CarbonQuest is already capturing emissions from large buildings and shipping them via storage trucks to sequestration sites or end-users who will utilize the carbon in products. ![]() ![]() Building owners that rely on natural gas for heating have few options to reduce their carbon footprint beyond updating all buildings with new expensive boilers. The IEA found that globally, buildings account for around 28% of total energy-related CO 2 emissions. In New York, the city that never sleeps, more than 70% of greenhouse gas emissions come from buildings. Semi-trucks aren’t included in the current 45Q, but including mobile sources of carbon capture would continue to lower the cost of this technology and provide another solution for other heavy, hard-to-electrify mobile sources, like cargo ships.ĬarbonQuest: Capturing CO 2 from Buildings If a Remora device was installed on each of the existing two million semi-trucks in the U.S., approximately 260 million tons of CO 2 would be captured each year - almost seven times the volume of CO2 currently captured globally! Remora is piloting the technology with 20 multibillion-dollar companies, including many of the largest trucking fleets in the U.S., including Pepsi, Procter & Gamble, and Ryder. Remora splits any revenue with their customers, helping truck owners pay back the cost of the device in just a few years. Remora plans to sell the captured CO 2 to industrial end users, like concrete producers, and sequester it in storage wells. The CO 2 is then stored within the capture device and can be offloaded into a tank when a driver stops to refuel. The technology is fitted to a tailpipe and acts like a filter, capturing approximately 75% of the CO 2 that would otherwise be emitted. The technology uses very little capital and can be retrofitted to existing fleets. Remora has created a compact device that can capture the CO 2 emissions from a semi-truck while it’s driving. Not to mention the challenge of decarbonizing and overhauling the grid, building out charging stations around the country, and the considerable cost of replacing existing fleets. Many companies are looking to electrify their fleets, but this option can pose quite a few problems: batteries weigh significantly more than diesel components, which reduces the carrying capacity of trucks and could have impacts on roads and bridges, like pavement damage and road deterioration. While essential for our economy, semi-trucks are difficult to decarbonize. Over 70% of our everyday products are on a truck before we get them. One company, Remora, is looking to tackle these emissions, specifically from trucking. Several American companies are pushing the boundaries of CCUS technology and have captured our attention - here are just a few:Įmissions from transportation contributed to 29% of the U.S.’ total greenhouse gas emissions in 2019, making it the most prominent source of emissions and one of the hardest to abate. Pair an effective credit with accelerated permitting for carbon storage wells and we could be on a fast track to lower emissions in the U.S. Broadening the applicability of the credit and reframing it to be more technology-inclusive could unlock a wealth of opportunity for companies with innovative solutions. ![]() Even with revisions, some technologies have been shut out of claiming the credit because they do not fit squarely within the definitions of the legislation. Since enacted in 2008, the tax credit has undergone a number of revisions to expand the portfolio of carbon capturing technologies and applications that can claim the credit. The 45Q tax credit rewards qualifying facilities for using carbon capture technologies. Yet some obstacles still remain for nascent, outside-the-box technologies.įor example, the Section 45Q carbon sequestration tax credit is viewed as the single most useful tool in spurring the development of CCUS. The recent Intergovernmental Panel on Climate Change (IPCC) report reaffirmed the important role carbon capture and removal technologies must play in reducing global carbon emissions.Ĭarbon capture, utilization, and storage (CCUS) technologies are typically viewed as a tool for reducing emissions from coal or natural gas power plants, but they have a wide variety of applications beyond that. It’s becoming widely recognized across party lines for its potential to reduce the environmental footprint of heavy industrial processes and directly remove carbon dioxide (CO 2) from the atmosphere. Carbon capture remains one of the most promising clean energy technologies. ![]()
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