![]() ![]() The technology does this while eliminating the costly step of CO2 purification. In Blue Planet’s business model, CO2 is one of the critical material inputs to creating its aggregates where CO2 accounts for as much as 42% of the mass per unit of the finished product. For instance, from focusing on capturing and storing carbon for the minor unit cost to how to do so for a profit. Thus, Blue Planet can permanently store these aggregates in concrete.Īnother essential feature of Blue Planet technology is that it enables flipping the economic paradigm. Notably, by utilizing captured CO2 to manufacture aggregates. Blue Planet’s technology capitalizes on this demand for concrete – and the annually carbon storage reservoir that concrete represents. On top of demand growth, many countries are also facing the need to replace aging infrastructure. The ongoing demand for aggregates follows the demand for concrete to satisfy economic development, urbanization, and population growth. Not only is the aggregates market of significant scale, but it is also a “non-depletable reservoir” for carbon storage. Overall aggregates volume requirements are roughly 55 gigatons per annum, and almost 70% percent of this is for concrete applications. Aggregates make up anywhere from 60-75% of a unit of concrete. One of the largest markets on the planet is the global market for aggregates in concrete. To address the issue of utilization and permanent storage and to progress on solving the carbon capture materiality problem facing the planet Blue Planet has developed a technology that converts captured carbon into manufactured limestone aggregates for usage in concrete. Specifically, technological solutions for where carbon can be stashed permanently are garnering increasing attention. Technologies that address the “utilization and storage” aspect of Carbon Capture, Utilization and Storage (CCUS) have been gaining momentum and visibility. In recent years, efforts have accelerated to find new ways to capture carbon from the earth’s atmosphere direct air capture (DAC), for example and equally to generate new solutions to store carbon. ((( Read more of our articles’ content, here ))) Where to permanently store captured CO2 to start making a material difference in the atmosphere? Chevron Corporation, Mitsubishi Corporation, Knife River Corporation, Calpine Corporation, and Kamine Development Corporation have already engaged with Blue Planet as investor partners to deploy the technology on a global basis. With carbon emissions, a primary concern in energy production, oil & gas companies, power generators, and other large infrastructure companies are recognizing that Blue Planet’s technology holds the potential for material CO2 capture and storage while generating positive economics. Equally, the improvement in this area so far has not kept up with the need for solutions that can materially reduce the amount of carbon entering the atmosphere annually. While these efforts have made some progress, solutions for capturing and sequestering significant carbon volumes have included a sizeable financial burden for companies, governments, and/or consumers. For decades energy industry stakeholders have pursued technologies to reduce these emissions, including investing in carbon capture and sequestration (CCS) to capture and sequester carbon in underground reservoirs, as well as others to improve efficiency in energy usage. The planet is dealing daily with the increasingly costly effects of climate change, spurred by the volumes of CO2 entering the atmosphere annually. rodney schmidt – blue planet systems corp.īy Rodney Schmidt – Vice President, Corporate Development, Blue Planet Systems Corp & CEO, Blue Planet Technologies Canada Ltd. Thus, Blue Planet’s technology holds the potential for material CO2 capture and storage while generating positive economics. ![]()
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