There’s a New Race to Develop Bite-Sized Carbon Capture Tech

By Shoko Oda
Bloomberg News in the Financial Post
September 9, 2022
Category: Carbon, Climate & Bioenergy
Region: International

Technology to remove carbon dioxide from emissions before they enter the atmosphere is still nascent, but many scientists, governments and investors are already banking on the approach to reduce the climate impact of difficult-to-decarbonize industries. Carbon capture technology operates a bit like a giant vacuum, sucking planet-warming CO₂ from emissions generated by the burning of carbon-intensive fuels. But wide-scale adoption has so far been stymied by the size and expense of most capture systems, which can cost up to $500 million and typically require bespoke equipment and installation. New standardized, modular designs that are aimed at small emitters could open the door for more widespread use. Japan’s Mitsubishi Heavy Industries Ltd. plans to start introducing a line-up of small to medium-sized carbon capture systems next year, which it says can sequester up to 95% of CO₂ emitted from small polluters like municipal waste incinerators, cement plants or ships. 

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