Post by account_disabled on Feb 20, 2024 1:04:27 GMT -6
Equatic, a Los Angeles-based startup, which emerged from the UCLA Samueli School of Engineering's Carbon Management Institute, is partnering with The Boeing Company to deploy the first technology that combines the removal of carbon dioxide (CO ) and carbon negative hydrogen generation . By addressing legacy and future emissions in a single process, the multi-product climate solution enables decarbonization at the scale, speed and cost necessary to mitigate climate change.
Under the five-year agreement, Equatic will eliminate , metric tons of carbon dioxide and deliver , metric tons of carbon-negative hydrogen generated as a byproduct of its technology to Boeing.
“The world faces two unprecedented challenges: how to permanently remove and store gigatonnes of carbon dioxide and how to reduce our dependence on fossil fuels,” says Lorenzo Corsini, senior advisor at Equatic. “Equatic’s first-of-its-kind technology solves both. “It combines the basic principles of chemistry with the natural capabilities of the world's best carbon rem C Level Executive List oval tool, the ocean, to create the most promising solution for decarbonization that is scalable, cost-effective and on a globally relevant scale.”
Equatic's carbon removal plant uses four inputs (seawater, air, rock and renewable electricity) to remove and store CO while generating carbon-negative hydrogen. The company passes an electrical current through the seawater (electrolysis) and then passes atmospheric air through the processed seawater (direct air capture). These steps trap CO in solid minerals and as dissolved substances found naturally in the oceans, ensuring that the trapped CO remains stable for more than , years.
Finally, Equatic uses rock to neutralize the processed seawater and ensure that the ocean chemistry is preserved. This proprietary process could deliver high-quality, scalable carbon removal, durable and permanent storage, and affordable, carbon-negative hydrogen fuel.
The oceans are considered the largest reservoir of carbon dioxide in the world. About a quarter of the world's daily CO emissions go into the ocean. Equatic technology accelerates and amplifies this natural cycle to eliminate and permanently store CO . This entire removal and sequestration process occurs within the confines of an industrial carbon removal plant, allowing Equatic to accurately measure CO down to the gram.
Equatic currently operates two carbon removal pilot projects in Los Angeles and Singapore. A financial services company, Stripe, is purchasing CO offset credits from these small pilot installations. The Boeing purchase deal is the fifth-largest CO removal deal ever announced.
Equatic expects to reach , metric tons of carbon removal per year by and millions of metric tons of carbon removal for less than $ per metric ton by
Additionally, hydrogen will be sold as a clean energy source to decarbonize industrial processes, produce electricity for the transportation sector, create sustainable aviation fuels (SAF) and truck fuels, and power Equatic technology itself.
“The aviation industry has an important role to play in global decarbonization efforts. Achieving aviation sustainability goals will require a multi-faceted approach and Boeing sees immense value in Equatic’s technology,” said Sheila Remes, Boeing vice president of environmental sustainability. “SAF is hugely important to achieving the commercial aviation industry’s net zero goal by , and we are excited to partner with Equatic on both the green hydrogen feedstock and carbon dioxide removal.”
Under the five-year agreement, Equatic will eliminate , metric tons of carbon dioxide and deliver , metric tons of carbon-negative hydrogen generated as a byproduct of its technology to Boeing.
“The world faces two unprecedented challenges: how to permanently remove and store gigatonnes of carbon dioxide and how to reduce our dependence on fossil fuels,” says Lorenzo Corsini, senior advisor at Equatic. “Equatic’s first-of-its-kind technology solves both. “It combines the basic principles of chemistry with the natural capabilities of the world's best carbon rem C Level Executive List oval tool, the ocean, to create the most promising solution for decarbonization that is scalable, cost-effective and on a globally relevant scale.”
Equatic's carbon removal plant uses four inputs (seawater, air, rock and renewable electricity) to remove and store CO while generating carbon-negative hydrogen. The company passes an electrical current through the seawater (electrolysis) and then passes atmospheric air through the processed seawater (direct air capture). These steps trap CO in solid minerals and as dissolved substances found naturally in the oceans, ensuring that the trapped CO remains stable for more than , years.
Finally, Equatic uses rock to neutralize the processed seawater and ensure that the ocean chemistry is preserved. This proprietary process could deliver high-quality, scalable carbon removal, durable and permanent storage, and affordable, carbon-negative hydrogen fuel.
The oceans are considered the largest reservoir of carbon dioxide in the world. About a quarter of the world's daily CO emissions go into the ocean. Equatic technology accelerates and amplifies this natural cycle to eliminate and permanently store CO . This entire removal and sequestration process occurs within the confines of an industrial carbon removal plant, allowing Equatic to accurately measure CO down to the gram.
Equatic currently operates two carbon removal pilot projects in Los Angeles and Singapore. A financial services company, Stripe, is purchasing CO offset credits from these small pilot installations. The Boeing purchase deal is the fifth-largest CO removal deal ever announced.
Equatic expects to reach , metric tons of carbon removal per year by and millions of metric tons of carbon removal for less than $ per metric ton by
Additionally, hydrogen will be sold as a clean energy source to decarbonize industrial processes, produce electricity for the transportation sector, create sustainable aviation fuels (SAF) and truck fuels, and power Equatic technology itself.
“The aviation industry has an important role to play in global decarbonization efforts. Achieving aviation sustainability goals will require a multi-faceted approach and Boeing sees immense value in Equatic’s technology,” said Sheila Remes, Boeing vice president of environmental sustainability. “SAF is hugely important to achieving the commercial aviation industry’s net zero goal by , and we are excited to partner with Equatic on both the green hydrogen feedstock and carbon dioxide removal.”