A Canadian company in west Texas, near what is considered the most productive oilfields of the continent, is building a new and exciting plant. The main objective of the plant is to suck out those extra tonnes of carbon dioxide from the air, which is one of the ruling components catalyzing air pollution.
If things go according to the outlined plans, Carbon Engineering’s solitary plant will stand tall as a revolutionary strategy to combat climate change. In a recent interview, CEO Steve Oldham stated that “We’re pulling the CO2 back down” and we cannot hold our excitement to witness how things eventually turn out to be.
Considering the ever-surging levels of carbon dioxide in the atmosphere, educated humans from all around the world in labs and boardrooms are always outlining schemes that would reduce CO2 emissions to restore the vitality of the planet. However, the good news is, a generous amount of carbon dioxide has already been removed from the air, and this provides the common human with a ray of hope for better days.
A paper published in the scientific journal “Nature Climate Change” stated that for climate change to remain static at 2 degrees Celsius, about 120-160 billion tonnes of carbon dioxide must be pulled out from the circumscribing air and stored underground.
Nevertheless, conducting something like this will need to be backed by enormous resources, and this is why the participation of large-scale companies like Carbon Engineering to bring about an alteration has gained attention. To balance things out, making use of CO2 to fabricate commercial products can ensure the payments for the sizable scale-up technology to suck CO2 from the air and insert it into the ground.
Carbon Engineering has already lent momentum to its plan of pulling CO2 from the air and transforming them into fuel in its pilot plant located in Squamish, B.C.; while CarbonCure Technologies has taken up the role of injecting the CO2 into the concrete. There is already a string of companies in the industry that are pumping CO2 underground to push up more oil on the surface of the soil to facilitate its easy availability.
Other companies that have signed up with a similar agenda are making use of the gas to fashion chemicals that are useful in everyday life and plastics. To encourage more and more companies to take part in the movement that is striving to make the world more habitable, the group is running the Carbon XPrize that comprises of a $20 million award for the idea that can convert CO2 into the most appropriate saleable product.
As per predictions, this market is expected to grow steadily at $1 trillion per year but, the question is whether or not is the prize money capable of accelerating innovation and construction to curb atmospheric CO2 to prevent global temperatures from moving past 1.5 degrees. If things aren’t taken under control at the earliest, this configuration is only a decade away.