![]() Mr Kennedy added that Carbon Engineering is in the commercialisation phase of DAC and seeks to assist the company’s partners to ‘realise the benefits of durable carbon removal at climate-relevant scale.’ĭr Han Phoumin, Senior Energy Economist, ERIA served as the moderator of the Presentation and Commentary Sessions entitled ‘Direct Air Capture: The Opportunity in Asia’ explaining how DAC is a promising technology that can be swiftly upscaled hence making it beneficial in the near future. The need to leverage the abundant resources to drive international investment in climate change solutions to champion a just transition. Several countries in Asia have the resources to support the implementation of DAC projects encompassing suitable reservoirs for sequestrations and a trained engineering and operations workforce. Four key points are regularly mentioned during discussions on achieving carbon neutrality, namely:Īsia has a longstanding history of working together to solve regional challenges.Īsia requires a full range of decarbonisation solutions in which regional cooperation is at the centre of ensuring those solutions are applied. Mr Paul Kennedy, Vice President of International Business Development, Carbon Engineering set the scene on durable CDR solutions like DAC for the Asian region. Mr Kimura closed his speech by praising Carbon Engineering’s contribution to the event as it provided ‘a good opportunity for us to understand DAC in terms of the current technical and economic situation and CO2 removal costs.’ Mr Shigeru Kimura, Special Advisor to the President on Energy Affairs, ERIA made the Opening Remarks where he underscored how the application of this CDR innovation can be useful to combat carbon-intensive sectors, such as in coal and gas, power plants, cement, and iron and steel. Carbon Engineering’s guest speakers collaborated with the Economic Research Institute for ASEAN and East Asia (ERIA) – the secretariat of the Asia CCUS Network (ACN) – during the 6th ACN Knowledge Sharing Conference to share their ongoing work on DAC and how it can be beneficial for the region, particularly, Southeast Asia. As Asia and ASEAN move forward with their emissions reduction journey, DAC offers numerous advantages to support the region’s energy transition process. With restricted time to cap global warming from exceeding 1.5☌ and to prevent irreversible climate effects, DAC technology is a complementary solution to decarbonise hard-to-abate industries as well as to remove carbon dioxide (CO2) emissions on a large scale. This article was amended on 14 September 2021 to differentiate the role of Climeworks as builder of the Orca plant capturing CO2, and that of Carbfix which mixes the CO2 with water and pumps it underground to mineralise.The 6th Knowledge Sharing Virtual Conference, 31 January 2023: Canadian company Carbon Engineering’s work in the commercialisation of direct air capture (DAC) technology offers the Asian region rich insights into the potential benefits and opportunities of this important carbon dioxide removal (CDR) innovation. Proponents of so-called carbon capture and storage believe these technologies can become a major tool in the fight against climate change.Ĭritics however argue that the technology is still prohibitively expensive and might take decades to operate at scale. Carbfix says the CO2-water mixture turns to stone in about two years, and hydride of sulphur (HS2), within four months. Then, Carbfix’s process mixes the CO2 with water and injects it at a depth of 1,000 metres into the nearby basalt rock where it is mineralised. Once the filter material is filled with CO2, the collector is closed and the temperature is raised to release the CO2 from the material, after which the highly concentrated gas can be collected. To collect the carbon dioxide, the plant uses fans to draw air into a collector, which has a filter material inside. The plant cost between US$10 and 15m to build, Bloomberg reported. ![]() According to the US Environmental Protection Agency, that equates to the emissions from about 870 cars.
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