Chart Industries’ Sustainable Energy Solutions Cryogenic Carbon Capture™ technology has been recognised by the MIT Joint Program on the Science and Policy of Global Change, MIT Energy Initiative, and ExxonMobil.
Sharing the news today (26th July), Chart said its technology was highlighted in a recent study which analysed the competitiveness of several of carbon capture and storage (CCS) technologies in a global economic model.
Each of the technologies analysed had specific emphasis on ways to reduce greenhouse gas (GHG) emissions from manufacturers of cement, which accounts for approximately 7% of annual CO2 emissions.
Coal-fired post combustion capture (PCC), natural gas-fired PCC, and CCC were each separately evaluated in, with specific costs and inputs. CCC was determined to be the most competitive CCS technology.
Commenting on its recognition, Chart said, “In the analysis, it was determined that the cost to produce cement and capture CO2 using our CCC technology is 24% higher than producing cement with no CO2 capture (not accounting for any value for the CO2 being captured).
“This is compared to other capture technologies that range from a 38% increase to a 134% increase in the cost of producing cement and capturing CO2 vs producing cement with no CO2 capture.”