Shashank Samala, co-founder and CEO of Heirloom, discusses the long-term pricing economics and market scale for global atmospheric carbon removal.
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“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.”
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More from Shashank Samala
AssertionSupported
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.”
Shashank SamalaFeb 8, 2024▶ 23:16Building a decarbonization army with Shashank Samala of Heirloom
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…”
Shashank SamalaFeb 8, 2024▶ 7:37Building a decarbonization army with Shashank Samala of Heirloom
AssertionSupported
Heirloom operates North America's first direct air capture and storage plant
“Yeah, so this is the first director capture facility in North America that captures and stores CO₂ from the air.”
Shashank SamalaFeb 8, 2024▶ 18:56Building a decarbonization army with Shashank Samala of Heirloom
PredictionOpen · 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.”
Shashank SamalaFeb 8, 2024▶ 21:25Building a decarbonization army with Shashank Samala of Heirloom
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…”
Shashank SamalaFeb 8, 2024▶ 3:53Building a decarbonization army with Shashank Samala of Heirloom
AssertionContradicted
Humanity produces only three commodities at the billion-ton scale
“So it's three things. It's cement, steel, and fossil fuels.”
Shashank SamalaFeb 8, 2024▶ 10:04Building a decarbonization army with Shashank Samala of Heirloom
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