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June 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The Biden administration in encouraging universities and the private sector to develop direct air capture (DAC) projects, which extract carbon dioxide (CO2) from ambient air. Earlier this year, the U.S. Department of Energy (DOE) announced $14 million in funding for five front-end engineering design (FEED) studies that will leverage existing zero- or low-carbon energy to supply DAC projects. This follows the Trump administration's $72 million in 2020 funding for emissions-reduction technology, which was bigger but less specific in its aims. Industrial Info is tracking $2.15 billion worth of active projects related to carbon-capture technology across the U.S.
DAC separates CO2 directly from the atmosphere, after which the CO2 is permanently stored deep underground, or used in value-added products like concrete or enhanced oil recovery (EOR) technology. While the Trump administration's 2020 funding included $51 million for engineering-scale testing of carbon-capture at nine U.S. industrial sites, the Biden administration's recent actions will support the ongoing evaluation, via five FEED studies, of DAC technology and its use alongside durable carbon storage. The Biden administration is aiming for net-zero greenhouse gas emissions by 2050.
Click on the right for a heat map of active carbon-capture technology projects across the U.S., from Industrial Info's Geolocator tool.
For more information on this trend, see May 27, 2022, article - Mid-Term Outlook: Carbon Capture Hubs, Pipelines Gain Traction; June 1, 2021, article - Coming Soon to a Location Near You?: Carbon Capture & Sequestration; and September 14, 2020, article - U.S. Department of Energy Invests in Carbon-Capture Technologies.
The DOE's $14 million funding package "will provide a better understanding of system costs and performance, as well as business case options for existing DAC technologies coupled to durable storage that are capable of removing a minimum of 5,000 metric tonnes per year net CO2 from the air," according to a statement from the DOE. The five projects are:
Chevron, Occidental Develop DAC in California, Permian Basin
Other companies are pursuing DAC projects on their own. Chevron Corporation (NYSE:CVX) (San Ramon, California) is working with Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington), Clean Energy Systems (Rancho Cordova, California) and Schlumberger Limited (NYSE:SLB) (Houston, Texas) to build a carbon-capture facility in Mendota, California. The facility will use one or two DAC units to capture and extract 300,000 metric tonnes per year of CO2 from the atmosphere. Subscribers can learn more from Industrial Info's project report.
Click on the image at right for a graph detailing the top 10 parent companies for carbon-capture technology projects across the U.S., by investment value.
1PointFive, a subsidiary of Occidental Petroleum Corporation's (NYSE:OXY) (Houston) Oxy Low Carbon Ventures business, is preparing to begin construction later this year on its Direct Air Carbon Capture Plant (DAC 1) in Midland, Texas, in the heart of the Permian Basin. 1PointFive says the facility will extract 500,000 metric tonnes per year of CO2 and permanently store it in geologic formations deep underground, for use in Occidental's enhanced oil recovery (EOR) in the area. Subscribers can learn more from Industrial Info's project report.
A proposed Phase II expansion would add three more units (DAC 2, 3 and 4) to capture and extract a total 1.5 million metric tonnes per year of atmospheric CO2 annually, bringing total annual captures to 2 million metric tonnes per year. When fully operational, the DAC facility is expected to be the largest in the world, with a one-million-tonne annual CO2 removal volume capacity. Subscribers can learn more about the proposed expansion in a detailed project report.
Earlier this year, 1PointFive announced the sale of 400,000 tonnes of carbon removal credits from its planned facility to aerospace leader Airbus Group (Leiden, Netherlands). Airbus pre-purchased the capture and permanent sequestration of 100,000 tonnes of CO2 each year for four years, with an option to secure more volumes in the future. "Direct Air Capture will be a scalable, practical solution that aerospace pioneers like Airbus can integrate into their decarbonization roadmaps to contribute to climate action," said Michael Avery, the chief executive officer of 1PointFive, in a related press release.
Subscribers to Industrial Info's GMI database can click here for a list of projects mentioned in this article, and click here for a list of related plant profiles.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
DAC separates CO2 directly from the atmosphere, after which the CO2 is permanently stored deep underground, or used in value-added products like concrete or enhanced oil recovery (EOR) technology. While the Trump administration's 2020 funding included $51 million for engineering-scale testing of carbon-capture at nine U.S. industrial sites, the Biden administration's recent actions will support the ongoing evaluation, via five FEED studies, of DAC technology and its use alongside durable carbon storage. The Biden administration is aiming for net-zero greenhouse gas emissions by 2050.
Click on the right for a heat map of active carbon-capture technology projects across the U.S., from Industrial Info's Geolocator tool.For more information on this trend, see May 27, 2022, article - Mid-Term Outlook: Carbon Capture Hubs, Pipelines Gain Traction; June 1, 2021, article - Coming Soon to a Location Near You?: Carbon Capture & Sequestration; and September 14, 2020, article - U.S. Department of Energy Invests in Carbon-Capture Technologies.
The DOE's $14 million funding package "will provide a better understanding of system costs and performance, as well as business case options for existing DAC technologies coupled to durable storage that are capable of removing a minimum of 5,000 metric tonnes per year net CO2 from the air," according to a statement from the DOE. The five projects are:
- The University of Illinois (Champaign, Illinois) proposes leveraging thermal energy from Ormat Technologies Incorporated's (NYSE:ORA) (Reno, Nevada) geothermal plant in Brawley, California, for a DAC system developed by Climeworks (Zürich, Switzerland). Subscribers to Industrial Info's Global Market Intelligence (GMI) Plant Database can learn more about the Brawley facility, including all active projects, in a detailed plant profile.
- Constellation Energy Corporation (NASDAQ:CEG) (Baltimore, Maryland) proposes to use a DAC system developed by Carbon Engineering (Squamish, British Columbia), integrated with an existing light water nuclear reactor, at Constellation's nuclear power station in Byron, Illinois. See plant profile.
- Battelle Memorial Institute (Columbus, Ohio) proposes leveraging thermal energy from Southern Company's (Atlanta, Georgia) (NYSE:SO) Joseph M. Farley nuclear power plant in Columbia, Alabama, for a DAC system developed by AirCapture LLC (San Francisco, California). See plant profile.
- The University of Illinois proposes using DAC and CO2 conversion technologies developed by CarbonCapture Incorporated (Pasadena, California) and CarbonCure Technologies (Dartmouth, Nova Scotia), respectively, in an advanced DAC and utilization system at U.S. Steel's (NYSE:X) (Pittsburgh, Pennsylvania) Gary Steel Works in Gary, Indiana, which will convert CO2 into concrete products. See plant profile.
- AirCapture is proposing an advanced DAC system at Nutrien Limited's (NYSE:NTR) (Saskatoon, Saskatchewan) Kennewick Fertilizer Operations facility in Kennewick, Washington, to convert captured CO2 into value-added chemicals. See plant profile.
Chevron, Occidental Develop DAC in California, Permian Basin
Other companies are pursuing DAC projects on their own. Chevron Corporation (NYSE:CVX) (San Ramon, California) is working with Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington), Clean Energy Systems (Rancho Cordova, California) and Schlumberger Limited (NYSE:SLB) (Houston, Texas) to build a carbon-capture facility in Mendota, California. The facility will use one or two DAC units to capture and extract 300,000 metric tonnes per year of CO2 from the atmosphere. Subscribers can learn more from Industrial Info's project report.
Click on the image at right for a graph detailing the top 10 parent companies for carbon-capture technology projects across the U.S., by investment value.1PointFive, a subsidiary of Occidental Petroleum Corporation's (NYSE:OXY) (Houston) Oxy Low Carbon Ventures business, is preparing to begin construction later this year on its Direct Air Carbon Capture Plant (DAC 1) in Midland, Texas, in the heart of the Permian Basin. 1PointFive says the facility will extract 500,000 metric tonnes per year of CO2 and permanently store it in geologic formations deep underground, for use in Occidental's enhanced oil recovery (EOR) in the area. Subscribers can learn more from Industrial Info's project report.
A proposed Phase II expansion would add three more units (DAC 2, 3 and 4) to capture and extract a total 1.5 million metric tonnes per year of atmospheric CO2 annually, bringing total annual captures to 2 million metric tonnes per year. When fully operational, the DAC facility is expected to be the largest in the world, with a one-million-tonne annual CO2 removal volume capacity. Subscribers can learn more about the proposed expansion in a detailed project report.
Earlier this year, 1PointFive announced the sale of 400,000 tonnes of carbon removal credits from its planned facility to aerospace leader Airbus Group (Leiden, Netherlands). Airbus pre-purchased the capture and permanent sequestration of 100,000 tonnes of CO2 each year for four years, with an option to secure more volumes in the future. "Direct Air Capture will be a scalable, practical solution that aerospace pioneers like Airbus can integrate into their decarbonization roadmaps to contribute to climate action," said Michael Avery, the chief executive officer of 1PointFive, in a related press release.
Subscribers to Industrial Info's GMI database can click here for a list of projects mentioned in this article, and click here for a list of related plant profiles.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
