IEA’s CCUS Policy & Investment Workshop
June 13, 2018 | Paris, France
Svante joined global industry leaders in France recently at the Intentional Energy Agency’s (IEA) CCUS Policy and Investment Workshop to discuss opportunities to accelerate commercial deployment of CCUS worldwide as a key emissions mitigation technology.
Presenting during the session, “What role can CO₂ demand play in CCUS deployment,” Svante’s Co-Founder & VP, Strategic Accounts & Gov’t Affairs Brett Henkel shared, “Building a CO₂ Marketplace.” His presentation highlighted the key drivers for responding to the gigatonne scale challenge.
“To create commercial value for CO₂ requires a shift in the cost of capturing carbon to meet market requirements,” explained Henkel. “Svante’s path forward focuses on creating CO₂-to-value by meeting small capacity needs at $60 to $100 per tonne.”
A key building block for unlocking the growth of the CO₂ marketplace is shifting the carbon capture cost curve down by at least a factor of two from conventional technology (chemical solvents). Svante found a way to do this using advanced solid adsorbent nanomaterials combined with a novel modular compact contactor to capture CO₂ from very diluted post-combustion flue gases (industrial processes and gas-fired power plants).