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This is a great article from The Economist about the strides carbon recycling technology is making... or as they say "'carbon utilisation', a neglected area of climate tech that is heating up"! Total decarbonization is a myth. Our material world is made of carbon--from the clothes we wear and the sterile medical packaging that keeps us safe, to the fuel that powers our cars and planes and the food we put on our plates--but we can sustainably source the carbon found in abundance above ground to make the things we need rather than perpetuating a linear "take-make-waste" system with virgin fossil carbon. That's where carbon recycling comes in, and we are proud to have been doing this at commercial scale since 2018. "ArcelorMittal, a European steel colossus, has built a €200m ($220m) carbon-utilisation plant at a steelworks in the city of Ghent in Belgium. The facility relies on novel equipment made by LanzaTech, a biotech firm based in Illinois, which uses a biocatalyst to turn the carbon-rich waste gas from the blast furnaces into ethanol. This can then be used to make sustainable aviation fuel or chemicals. In 2022 LanzaTech secured $500m in funding from Brookfield Asset Management, a Canadian asset manager, to scale up its business. Recently it was jointly awarded up to $200m by America’s U.S. Department of Energy (DOE) to convert CO2 captured at a petrochemical plant into ethylene, a useful feedstock. Jennifer Holmgren, LanzaTech’s boss, reckons replacing 'fossil carbon' in supply chains is 'a $1trn addressable market'." Read the whole piece here: https://lnkd.in/gHV38BX8 #CCU #CCUS #carbonrecycling #carbonutilization

Startups are finding novel ways to recycle carbon

Startups are finding novel ways to recycle carbon

economist.com

Marc God

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2mo

Great article indeed !!

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