Morning Consult, a digital media company, covering the intersection of Washington and the private industry, recently released an article on carbon capture technology and its impact in reducing the human footprint while promoting other industries.
The Kemper County energy facility, a first of its kind coal-gasification and carbon capture facility, plans to open its doors in 2015, offering cheaper energy with minimal impact to the environment around it. Kemper will be offsetting customer energy costs by selling carbon, ammonia, and sulfuric acid, all byproducts of the coal gasification process. This is projected to pull in $50 to $100 million per year of additional cost savings.
Another facility has already begin retrofitting this technology to their station in Canada. The Boundary Dam, a $1.4 billion project, began construction in April of 2014.
Worldwide, there is building interest in this technology. While there have been a few set backs, many project that carbon capture technology will continue to improve. Charles McConnell, executive director of Rice University’s Energy and Environment Initiative and former assistant secretary at the Energy Department stated, “as enhanced oil recovery plateaus, likely within the next three to five years, carbon capture will grow too. It’s only a matter of time.”
For more information on carbon capture technology and its adoption in the worldwide energy industry, please refer to the article here.