The undertaking goals to scale back the carbon footprint of the cement trade by combining carbon seize from a cement plant with CO2 sequestration.
The brand new joint examine will assess the viability and design of a industrial scale carbon seize facility on the Holcim Portland Cement Plant in Florence. The businesses concerned within the undertaking are: Svante, Oxy Low Carbon Ventures (OLCV), a wholly-owned subsidiary of Occidental, Whole and LafargeHolcim.
The ability is designed to seize as much as 725,000 tonnes of carbon dioxide per 12 months instantly from the LafargeHolcim cement plant. The prices might be assessed by the brand new examine launched. The carbon dioxide would then be sequestered underground completely by Occidental.
OLCV President Richard Jackson mentioned: "The OLCV is devoted to advancing low-carbon options that may enhance Western operations whereas lowering emissions. Participation on this examine is in keeping with our targets of discovering an financial path to large-scale utility of carbon seize applied sciences to scale back emissions. "
The undertaking will deploy Svante's expertise, which is designed to seize carbon instantly from industrial sources at half the price of capital of present options.
The captured CO2 will then be sequestered by the specialist within the Western administration and storage trade.
LafargeHolcim CEO Jan Jenisch mentioned: "Being on the forefront of the low carbon transition requires steady innovation and partnerships. LafargeHolcim has invested considerably within the growth of low carbon options. In collaboration with Svante, OLCV and Whole, we plan to hold out a profitable American carbon seize undertaking within the close to future. "
Svante President and CEO Claude Letourneau mentioned: "The capital value benefit of Svante, mixed with progressive tax credit score insurance policies corresponding to credit score 45Q tax in america, could make carbon seize worthwhile in a spread of large-scale industrial functions like cement. "
Whole, govt vice-president and technical director of the group, Marie-Noëlle Semeria, mentioned: "Whole has put aside 10% of its annual R&D finances to make important progress within the expertise of seize, use and carbon storage (CCUS), a key expertise to scale back world CO2 emissions. Our funding on this joint examine is instantly aligned with our technique. The teachings discovered from this examine will assist us proceed our dedication to CCUS enterprise growth. "
Not too long ago, Svante, LafargeHolcim and Whole launched a undertaking referred to as CO2MENT on the Lafarge Richmond cement plant in Canada, the place the captured CO2 was reinjected into the concrete.