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Carbon Capture and Storage refers to the practice of capturing CO2 emissions from different sources and storing them or reusing them in order to keep them from entering the atmosphere. CO2 Capture and Storage is a technology with the potential to significantly reduce CO2 emissions within 10 to 20 years. However, this technology could place stress on water resources in about 43% of the world’s water plants where there is water scarcity. Additionally, the high costs associated with this technology could be a hindrance to its widespread adoption. Legacy carbon dioxide emissions must be removed as a new, net-zero-carbon economy is being built. CO2 capture, utilization, and storage have the potential to both contribute to gigatonne-scale removal, and serve as a source of fossil-free carbon products. By 2050, CO2 storage and utilization could each amount to as much as 27 gigatonnes annually, and generate as much as $4.4 trillion. Currently, however, the world’s largest direct-air carbon dioxide capture facility, ClimeWorks’ Orca plant in Iceland, has a capture and storage capacity of just 4,000 tonnes per year. The urgent need to build a new and complex carbon capture and storage industry at scale means greater investment is required - as is strategic, global action. Italian Startup Energy Dome has developed a CO2 battery, using the gas as a working fluid in a closed thermodynamic process. If energy is needed, the CO2 is heated and expands, turning a turbine that generates electricity without emitting any of the gas. A group of researchers led by Dr. Ben Engel of Switzerland’s University of Basel found a bacterial enzyme that could store carbon dioxide and open new ways for depositing the gas.

CO2 Capture, Utilization, and Storage

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CO2 Capture, Utilization, and Storage