According to the Canadian Business Daily, a Canadian company recently claimed that the company has developed technology to collect carbon dioxide from the atmosphere and convert it into low-carbon fuel in a cost-effective manner.
The article is excerpted as follows:
'We have developed a technology that collects and purifies carbon dioxide from the atmosphere,' said David Keith, a co-founder of the company, Harvard University.
The related technology combines carbon with hydrogen and oxygen to produce fuel. The relevant fuel is produced in Squamish, British Columbia, and will be used for heavy transportation (such as ships or airplanes).
'It is really difficult to reduce carbon emissions from heavy transportation facilities. We think this is one of the ways... can also help provide relevant environmentally friendly fuels.' Keith said.
The company has been testing the technology at its plants, using solar and wind energy, and mixing carbon dioxide with natural gas. There are large markets in countries that produce low-carbon fuels and control emissions, California and Canada. The federal government is setting clean fuel standards.
Many companies around the world are developing similar carbon collection technologies. Keith said that many companies can achieve carbon emission targets on a larger scale.
Glen Peters, research director at the Center for International Climate and Environmental Research (CICERO), welcomed the details of the additional cost calculations offered by the company. However, he said that the cost of the technology is still relatively high compared to other technologies. He is also worried that the technology may shift people's attention to the overall emission reduction efforts.
