Reframing Carbon Capture And Reuse: Building A New Industry

Access the Free SSF WebinarArchivesSubscribe for Webinar Alertswww.ssfonline.orgReframing Carbon Capture and Reuse: Building a New IndustryAugust 21st from 2:15 - 3:45 PM EDT. Webinar Registration: 1000Clark MillerAnthony HobleyKen AlexJulio FriedmannEdward SaltzbergAssociate Director of ASU's Schoolfor the Future of InnovationIn SocietyWebinar ModeratorCEO, Carbon Tracker InitiativeDirector of Policy and ResearchCalifornia Governor's OfficeCEO of Carbon WranglerManaging DirectorSecurity & SustainabilityForumCarbon Wrangler LLC1

Sustainability Education Webinarswww.ssfonline.org“We rely on SSF to help usunderstand which climateissues to pay attentionto.” Academic LeaderSSF Webinars Address Critical Issues. Renewable EnergyResilience & SustainabilityThe Circular EconomyRestoring the Carbon BalanceClimate AdaptationUrbanization and SustainableEconomiesExtreme Weather EventsOthersWho Follows Us?20,000 Global SustainabilityProfessionals125 recordings in the SSF ArchiveClients Include:www.ssfonline.org

Upcoming WebinarsSSF Webinar ScheduleRegister at: www.ssfonline.org------------New Carbon Economy Webinar SeriesDownload ASU’s Workshop Report: Building Research Programs to Support 21st CenturyEconomic OpportunityWebinar 1: Reframing Carbon Capture and Reuse: Building a New Industry – August 21Webinar 2: Bipartisan Panel Discussion on Carbon Pricing (with Senator SheldonWhitehouse) August 29Webinar 3: Engaging the Philanthropic Sector in Capital Formation to Enable MarketSolutions - September 2018Recordings posted at the SSF and ASU’s www.lightspeedsolutions.org sites.-----------Subscribe to SSF to receive updates on upcoming webinars!

Agenda1. Opening : Edward Saltzberg2. Introduction: Clark Miller, Webinar Moderator Anthony Hobley – Speeding the transitionKen Alex - Observations from CaliforniaJulio Friedmann : The new carbon economy, challenges and opportunities3. Discussion Panel (15 minutes)4. Audience Q&A: (20 minutes) - Use the box in the Go to Webinar window5. Panel Summary (2 minutes)6. ClosingDownload the slides and report in the Go to Webinar Window.Video will be posted by tomorrow.(Please Take the Brief Exit Survey.)

ModeratorClark A. Miller is Associate Professor ofScience and Technology Studies andAssociate Director of the School for the Futureof Innovation in Society at Arizona StateUniversity.

Meet the PanelAnthony HobleyChief Executive Officer ofthe Carbon TrackerInitiativeKen AlexJulio FriedmannDirector of the Governor'sOffice of Planning andResearch - California StateGovernmentCEO of Carbon Wrangler andformer Principal DeputyAssistant Secretary for theOffice of Fossil Energy

Observations from CaliforniaKen AlexDirector of the Governor's Office of Planning and Research - CaliforniaState GovernmentASU Reframing Carbon Capture and Reuse WebinarAugust 21, 201829

carbon capture Many Approaches Part of Scoping Plan Demonstration Projects (funding)30

Climate Smart Ag Healthy Soils Biochar Gypsum Cattle Rotation See: https://www.cdfa.ca.gov/climatesmartag/31

Cement and Concrete For example: C02ncrete: uclateam-advances-to-carbon-xprize-finals Blue Planet: http://www.blueplanet-ltd.com/32

Other Approaches EOR Flaring gas Direct Air Etc.33

Hurdles For example: Regulatory Approval of Cement/Concrete EOR: Promoting oil? Biochar, gypsum research Speed, scale: Demos, focused research, state/academic, Under234

The New C Economy: RevitalizingAmerica through un-emissionsC is the New BlackDr. S. Julio Friedmann, CEOCarbon Wrangler LLC@CarbonWrangler碳 牧马人35

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Carbon is the Backbone of the US EconomyAdvanced PolymersAdvanced MaterialsChemicals and FuelsCarbon Fiber ConcreteI-75 ple Theatre Carbon RoofCarbon-based markets are huge and expanding37

WHAT INDUSTRIES HOLD POTENTIAL FOR CARBONREMOVALSOLUTIONS?Next innovationimperative: negative ionTimberBiocharLand cedWeatheringBioenergy CCSDirect Air CaptureCarbon NegativeMaterialsCHEM ICALCenter for Carbon RemovalEngineered solutions provide an assured backstop for the climate38

0001B–0.002BNew C Economy: Thriving economy that consumes more than emitsb tons to 0.5b tons). Similarly, decisive and timely action can have a major impact on both theFigure0.1: Potentialmarket size and potential to mitigate CO2 emissions for otherCO2-basedproducts. CO2 reductiondue to implementing strategic actionsKey202020252030Potential Reductionin CO2 Emissions (tons)0.3B–3.6BStrategic actions implementedWithout strategic 0005B0.00004B–0.0002B0.0001B–0.002BCarbon DioxideUtilization Roadmap(CO2U): ICEFRoadmap 1.0, 2016Figure 0.1: Potential CO2 reduction due to implementing strategic actionsKey39

Figure 0.2: Potential increase in market size due to implementation of strategic actioNew C Economy: Thriving economythat consumes more than emits!!!Key!Carbon DioxideUtilization Roadmap(CO2U): ICEFRoadmap 1.0, 201640

Uses CO2 to cure cement (15-30%)Higher quality productsNth plant: market parityWithin existing assetsLarge, active production Uses CO2 to cure cement (2-20%)Higher quality productsNth plant: market parityWithin existing assetsNRG/Cosia XPrize finalist41

ElectrocatalysisCO, methane, methanol as productsNth plant: unclearModular productionGreat narrative Thermal (modified Fischer-Tropsche)Gasoline & diesel (high selectivity)Nth plant: unclearModular productionOperating plant42

Thermal methaneC black productNth plant: near market parityCommercial project (Lincoln, NE) Thermal catalysisC black C nanotubesNth plant: unclearDeep IP positionNot yet commercial43

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Generation Engine: turning CO2 to fuel: Carbon Engineering & GreyrockSquamish, British Columbia45

ADM project, Decatur Illinois1 M tons/y; 2M tons total to dateCuts C footprint of ethanol by 50%Worth 150-180/t CO2 in CA LCFSWheelbrator plant, Anderson CAPower sales: 80/MW-hrScalability limited by harvest radiusWorth 5-15 in CA C trading marketCreates energy (power & fuels)Draws CO2 from air forever Challenges with handling, drying, feed Challenges with scale-up, harvest radius Challenges with competition and value Challenges with life cycle, leakage 46

Asbestos mine wastes, Quebec4 G tons ready for mineralization (100 M tons CO2 likely)83,000 tons/y CO2 captured - 300,000tons avoided47

Key Gaps to a New Carbon EconomyMarkets where low-C and neg-C are valuedLife-Cycle Analysis systems: widespread & standardizedCarbon Registry: Accepted platform for validation C reductions & contentTools for validation & verification (e.g., soil C methodologies and sensors)Technical solutions and LESP (legal, economic, social, political) frameworks New materials, reactors, devicesNew organisms, practices, systems of accountingNew disciplines, cases, jurisprudence, civil findings, communications networks Human capital People to create solutions and business Institutions to train and support them48

Policy aperture must expandIncentives (carrots) Tax credits, feed-in tariffs, contract for differences, trading schemes, etc. Dramatic increase in RD&D (AEIC& PCAST recommend x4 increase) State-sponsored “strategic” projects (China’s 5-year plan) Broader clean financing mechanisms (CEPS vs. RPS; LCFS vs. RFS) Procurement authoritiesDisincentives (sticks) Carbon tax (e.g., Norway) Regulatory caps (e.g., CPP, California’s SB 1368) Border adjustable carbon tariffs49

Today’s carbon prices in policyCarbon Taxes ( US/ton CO2):Sweden: 167 Switzerland (2020): 200Norway: 80-85 (on industry)Canada: 8, rising to 40 in 2022 (Alberta: 24; Manitoba: 20; BC: 10)Carbon trading systems:European Trading System: 10-12 (last year, 6-10). RGGI: 3-4 CA: 10-15China Carbon Market: (Beijing: 6-7; Shanghai 4-6; Shenzhen, 4-6)CA Low-carbon fuel standard:Emissions standards (LCFS): 150 - 200For Comparison (units in /ton eq. for CO2 reduction)EV subsidy, CA: 1000EnergieWende, GER: 300Wind Prod. Tax Credit: 60-120Est. current CA RPS system costs: 120-160Projected CA RPS system costs (50%): 400-120050

New knowledge enterprise requiredThe New Carbon Economy ConsortiumKey purpose: Create and sustain a new knowledge enterprise Need new technologies, new approaches, new disciplinesNeed new human capital and institutionsBoth technical and social science subjects central to successFocused on “carbon to value” and carbon harvesting Soils, forests, blue carbonDAC, mineralization, CO2U, BECCSSocial, political, economic R&DR&D infrastructure (testbeds, centers, datasets)New R&D Innovation Plan in works (September) Calls for new R&D investments (fed., state, indust.)Explicitly suggests LESP & Technical workRequests major boost in human capital developmentSuggests new institutions & actors engageNow 10 Universities & 3 Labs51

Panel Discussion and Q&AClark MillerClark.Miller@asu.eduKen Alexken.alex@gov.ca.govAnthony Hobleyahobley@carbontracker.orgJulio Friedmannfriedmann2@gmail.comCarbon Wrangler LLC

Upcoming WebinarsSSF Webinar ScheduleRegister at: www.ssfonline.org------------New Carbon Economy Webinar SeriesWebinar 1: Reframing Carbon Capture and Reuse: Building a New Industry – August 21Webinar 2: Bipartisan Webinar Discussion on Carbon Pricing (with Senator SheldonWhitehouse) August 29Webinar 3: Engaging the Philanthropic Sector in Capital Formation to Enable MarketSolutions - September 2018Recordings posted at the SSF and ASU’s www.lightspeedsolutions.org.-----------Subscribe to SSF to receive updates on upcoming webinars!

Carbon Dioxide Utilization Roadmap (CO2U): ICEF Roadmap 1.0, 2016!!!! 6! b to ns to 0 .5 b tons ). Si m ila rly , d e c is iv e a n d tim e ly a c tion c a n h a v e a m a jor im p a c t on b oth the ma rke t si z e and pote ntial to m itig ate C O 2 em is s ion s for oth er CO 2 - ba s e d prod uc ts .