Carbon Capture

“So when we were solving these problems, if we are solving it in dumb ways, like, I think, you know, a lot of the air capture systems in other ways, the direct air caption carbon systems and others in a lot of other ways that we're trying to solve climate are d…”

“Carbon capture at scale, hands down, for electricity generation.”

“So I would say none of them because they all require Large capital investments that require certainty and we are in a period of massive uncertainty across the board. So I would actually say I'm fairly bearish on all of those in the near term because I actually…”

“I will add, if you retrofit an existing plant, it's cheaper, because assuming that plant has been fully depreciated, so you're retrofitting something that's in a utility off on the grid somewhere, the costs come in more like 40 to 70 dollars a megawatt hour.”

“And that means you're looking at something like 20 to 25 to 30 dollars a megawatt hour is the adder in most markets. And 45 Q knocks off, say, half of that.”

“I will reiterate that this number, 70 to a hundred dollar megawatts, requires low cost natural gas. So Europe is not going to be doing a lot of this, right?”

“And in fact, if you have a natural gas plant that's running uncontrolled, carbon capture reduces the pollutant load.”

“Really where you want to focus in carbon capture are in industries that emit pure CO₂ as an industrial byproduct. Industrial accident is a better way to think about it. So those are really ethanol plants, ammonia, so fertilizer, and then natural gas processing…”

“A good project in carbon capture might be an unlevered 20 to 30% rate of return might be somewhere around three to six times your money. These are competitive with traditional private equity economics.”

“We are gonna get to coal plants and natural gas plants, a hundred percent certain in the next decade.”

“One, the carbon capture path says you're burning fossil fuel, burn 30% more fossil fuel than you're using right now to capture the emissions from burning fossil fuel. We can stipulate that is not a pathway that's cheaper than burning fossil fuel.”

“There's all these climate change policies that are subsidies that value carbon at 2000 dollars per ton effectively, and you already can take it out of the air for 400 dollars a ton.”

“The basics are the really big plants, meaning 300 megawatt nameplate units or larger, running at 50% capacity factor or more, need to meet a Standard equal to carbon, 90% carbon capture by 2035, or 96% hydrogen co-firing by 2038.”

“Carbon capture in particular only really makes sense if you're running a plant a lot. You know, if you're going to install all that carbon capture equipment and then only run the plant 10% of the time, that's a very, very, you know, the cost of that on a per m…”

“Most of the gas is just going to ramp down instead of installing carbon capture.”

“I mean, there's already been a handful since the IRA got passed because 45 Q is helpful. They're the carbon capture tax credit. And I think you could see more.”

“Buried deep in the layers of how we've gotten solar scaled and Certainly, carbon capture or some of the other technologies that we have lingering around are a huge amount of subsidized lending, and it is very encouraging to see how nuclear is improving its pos…”

“Now, demand has also skyrocketed, right, with the carbon capture, with the storage, with all of these new technologies. So I think the imbalance continues, but, you know, both demand and supply are increasing.”

“None of those really pencil out at 50 dollars a ton. They do, in many locations, at 85 dollars a ton. Not everywhere. Not every facility is laid out for this. Not every facility, you know, will this be the best option? Some will want to electrify or fuel switc…”

“So what that says to me is that we don't know exactly who's going to get access first and lock up that injection capacity, but the development of CO two injection and storage basins will be a rate limiting factor here.”

“Yeah, it's going to be like Bigger than gold and oil. That's correct.”

“A company in Texas called NetPower that is getting pure CO₂ out of the back end of an electricity generation plant, but it's because the working fluid is not air. It's actually compressed supercritical CO₂. So they inject methane, they inject oxygen, they igni…”

“Although the 45 Q tax credit, which is a 50 dollar tax credit if it's not used for enhanced oil recovery, you know, that's well in the money for some of these higher concentration sources.”

“Using natural gas with carbon capture to make the hydrogen that's what a country like Qatar, which has very cheap natural gas wants to do.”

“Our approach is let's look across The climate sort of ecosystem. Find what we think the biggest gap is and where we think we are in a somewhat good position to move the needle on it. And carbon removal where we're pulling CO two out of ambient air or out of…”

“All growth forests continue to capture carbon. The Borneo forest that has millions of years continues to capture carbon, and while a forest, like every living, ah, ecosystem and organism dies out and regenerates, and when a tree dies out, yes, it releases some…”

“The Ones which will affect everyday life, I think, are better methods for understanding and inventing new materials, new chemical compounds. Things like that can be really important. You know, if you find a better way of capturing carbon by designing a better …”