direct air capture

“The challenge is that it is definitionally a cost. Like, it is definitionally a cost to remove carbon. And therefore, like, creating a market around that is a challenge, which is what, you know, the EU ETS did away with that by regulating it.”

“The key CDR technologies, in my mind, will be direct air capture with CCS, because what CCS does is it takes the CO₂ taken by the direct air capture unit and pushes it back underground, and probably some forms of geological weathering, and it's going to be a b…”

“Absurd, absurd, totally absurd technology that will cost, that is the, that is a staggering waste of human brain cells and capital and resources. And it's, and we should be spending at, we should always be working on the most effective, the best marginal use o…”

“Some of the more expensive methods, like direct air capture, are gonna probably be easier to verify. And some of the potentially cheaper methods, especially those using biomass, are probably gonna be harder to verify.”

“First of all, I think geothermal could be really huge for DAC just as a side note, but that's not, like, to say that that's obviously not a alternate energy use that would go somewhere else, right?”

“If you have 10 cent per kilowatt hour power, no direct air capture system is going to be anywhere near in the money, no matter what you define in the money as. If you have one cent per kilowatt hour power, then it looks really, really promising.”

“Way easier to establish additionality for something like direct air capture than for soils or improved forest management.”

“The idea of maximizing now because you're going to need the infrastructure anyway fails, I think, in one major way, which is that it's not conscious of where that infrastructure needs to go. And in a situation where you're designing linear infrastructure like …”

“On the acquisition side, I think the one that Climatech investors and founders couldn't stop talking about this year was Oxy's acquisition of carbon engineering at a billion dollars, so the first unicorn we've ever seen in DAC and probably carbon removal.”

“It's undoubtedly cheaper, and it could be super scalable, just given the amount of photosynthesis that takes place already in the world.”

“The first procurements, besides some really small individual ones for some of the early, early days of DAC, but the first procurements of this kind of new emergent market that is focused on durable carbon removal really only showed up in call it 20, 2019, 20, …”

“There's an extent to which I still want more mousetraps in DAC, despite I think what's going to be a pretty painful reckoning in the startup landscape, just because I think we need to find something that is truly cheap enough. If we're going to do DAC at scale…”

“There are now, I think we found a list somewhere, and it's a pretty credible list of over a 150 direct air capture startups, so there are countless mousetraps.”

“If people are trying to secure the volumes for 2030, 30 or 20, 35, when they potentially want to actually fulfill their net zero ambitions, then I clearly see this will become more and more supply constraint.”

“Because this is another thing that I don't see a lot of companies thinking about is they're trying to sign 10 or 20 year contracts, but they're making them fixed price. I think they end up underwater at some point if they do that.”

“We are of the fundamental opinion that it doesn't really work to you know, deploy in the lab or at very small scale at pilot scale, and then go from that straight to the size that is required for the plant to be profitable, because that's a huge technological …”

“We've worked really hard over the last, I would say, four years to move the market to something that will actually work for project finance. In terms of offtake. So that means long duration contracts, right, over five years plus ideally 10 years or 15 years, l…”

“I think we're just starting to enter phase two when it comes to direct air capture. We have the very first few commercial plants coming online now or just having come online, and what the market at least hopes will be a massive wave of others coming behind.”

“If you do direct air capture, that's the other nature is you have to deal with the weather, how it is, because it's quickly becoming completely uneconomical if you have to pre-treat any of your incoming feedstock, so to say, right? The air that comes in.”

“Orca has nominal capacity about 4000 tons. What do we mean with that? That means it's that's what the plant was designed to capture at maximum efficiency. So maximum run rate, et cetera. And there's some losses that go away from that.”

“The key milestone was scaling that technology by a factor of about 10 improving on the cost curve deploying more on the offtake side, so really building the market for these project-financeable offtakes and also making an improvement on the technology.”

“The sensitivity of the sequestration on the purity of the CO two and your ability to deliver that purity, 24, seven with all the things that happen in this type of production environment, you have to deliver really, really pure CO two doesn't really matter on …”

“I think at the moment there might be a little bit too many unrealistic promises in the market, and that might also mean that some of the companies will not make it to that next stage.”

“The, again, sort of best case from the chemistry is something like 2.75 kilograms of CO₂ per kilogram of methane. So thinking back on a, on an MMBTU basis, you know, if you want to Get the good sort of CO₂ from the air, and we hit all our hopes and targets of …”