World’s largest carbon removal plant goes live.

 

World’s largest carbon removal plant goes live. 

Orca, an Iceland–based direct air capture plant operated by Swedish startup Climeworks, cost $10 million–$15 million to build. Right now, it captures the equivalent of 4,000 tons of CO2 per year—equivalent to 250 US residents—but aims to get that figure up to 500,000 tons by 2030. Climeworks says it’s planning to build an even bigger plant due to high demand for carbon removal—something echoed two months later by US officials.

Comments

Post a Comment

Popular posts from this blog

Uranium

Image
This yellow rock is NOT gold - it's uranium...   Besides being a yellow-colored metal, it has only one thing in common with gold. Its price adjusts according to supply and demand cycles, which makes it of particular interest to investors. And right now, many industry experts believe that certain factors are in play that could catapult uranium into its next bull run.   Nuclear energy is making a historic comeback, especially since it is now considered the ONLY realistic way to meet climate goals and gain energy independence. And uranium, the fuel needed to power nuclear plants, is the metal that holds the key to this safe and clean energy.
Read more

Blue Hydrogen

  Blue Hydrogen "Blue" hydrogen -- an energy source that involves a process of making hydrogen by using methane in natural gas -- is being lauded as a clean, green energy to help reduce global warming. But  Cornell and Stanford University researchers believe it may harm the climate more than burning fossil fuel . Carbon capture technology at hydrogen plants prevents CO2 from being released allowing it to be stored or used in other industrial processes.
Read more

World Nuclear Association

  The World Nuclear Association forecasts a 55% growth in nuclear power to 2040. Pro-nuclear catalysts include growing energy needs, climate goals, and major government policy shifts in favor of advanced nuclear reactors. America produced only 21,000 pounds of yellowcake uranium in 2021 - a tiny fraction of what we need. Just consider that a typical reactor needs around 200 tons of uranium every year. To offset this deficit, the U.S. purchases more than 45 million pounds of enriched uranium each year, with nearly half coming from Russian state-owned entities - our geopolitical foes. With so many factors working in its favor, experts believe the nuclear comeback will breathe new life into the dormant domestic uranium industry - and may lead to a new bull market for the metal.
Read more