Shashank Samala is the co-founder and CEO of Heirloom, a direct air capture startup. He discusses their operational deployment in Tracy, California.
Prediction Not checkable as stated
Carbon removal will become a trillion-dollar industry at $100-$200 per ton
“So, you know, we think that In a medium to long term, the carbon price is likely going to be in the hundred to 200 dollar per ton mark, and at that cost, for five to ten billion tons, we were talking about a trillion dollars worth of carbon removal industry.”
Assertion Supported
Heirloom's direct air capture is 5,000 to 10,000 times more land-efficient than trees
“So compared to trees, these are actually about Five to 10,000 times more land efficient.”
Opinion
Synthetic direct air capture materials are too expensive to scale globally
“So the traditional way folks have gone about it was basically to build a novel material artificially. But the problem was not whether you could capture the CO two. The problem was the cost of making that material. And because the supply chains don't exist, you…”
Prediction Open · timeframe Dec 2030
Carbon removal credit prices will eventually coalesce around $300 per ton
“And, you know, there's, we think that the price is going to coalesce around 300 dollars per ton, given where the supply and demand, ah, is.”
Insight
Emissions reductions alone cannot prevent climate change without removing billions of tons
“We can't just reduce emissions anymore. It won't be enough to stop climate change if you've emitted too much. And, you know, you can reduce emissions you've already emitted, so we have to start removing some of that carbon from the atmosphere. By some I mean i…”
Assertion Contradicted
Humanity produces only three commodities at the billion-ton scale
“So it's three things. It's cement, steel, and fossil fuels.”