this post was submitted on 11 May 2024
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What a giant waste of resources.
Right? It sequesters 0.0001% of our annual carbon output. They say they hope to reduce the cost to $400-$600/ton by 2030 so,even using their 2030 estimate, this plant cost $14.4M - $28.8M. To sequester 1% of our current carbon emissions per year would cost $144B - $288B. $7.2T - $14.4T to do 50%.
This doesn't sound like a productive use of the limited R&D funds that go into combating climate change.
The plant works just as intended and has already captured a lot of that sweet sweet greentech R&D money and subsidies.