Can someone explain how carbon capture can make any money?

It’s basically the wetland mitigation model.

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If I understand correctly, these plants yank carbon dioxide from the atmospere, it is collected amd sent underground.

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Just one big money grab

It doesn't

It doesn't make any money without the subsidies.

I've got another good one for you. Those huge compressors are 3-4 years out even if you issued a PO today.

It's a scam.

I think the subsidy is $85 a ton. If compression is less than 85 a ton, then you profit. For what purpose are we pumping CO2 into the ground, not sure. But you're paying for it to make some CEOs a shite load of money. Curious how much the big guy gets. 1.2 billion could buy a nice mental hospital or other more worthwhile public project.

Maybe off-topic for your question about the plants, but I can try to explain carbon capture from a different "plant" perspective.

My brother and I have a hemp and cannabis business. Shell and BP have both committed $800M and ExxonMobil has committed $1.2B for carbon capture in the southeast. We get our contract through O&G, not through the Fed Gov.

We then contract out with farmers in Louisiana and Mississippi to grow industrial hemp. We provide the seed and they are paid per ton produced. It averages about 5 tons per acre.

When it's harvested, we grind it up and have it processed into pellets that can then be sold to places like bioplastic production facilities, hempcrete production facilities, etc. A lot of the bioplastic gets used for single-use items like plasticware you'd get to-go from a restaurant, or holiday items like Mardi Gras beads, new years eve glasses, yada yada. They're biodegradable. Look at the amount of trash in any major city after new years or St. Patrick's day, and all that shite going into a landfill vs being biodegradable.

We get paid from O&G based on the tonnage produced by the crop, and we get paid by selling the biomass after harvest. Local farmers get paid. Local manufacturing facilities get paid. Local shops get paid by selling the end products.

The money goes pretty far. O&G companies get their carbon credits.

If the government is worried about CO2 then they should slow down on expanding the population and destroying natural CO2 capturing plants fior more houses .

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they use it to make their plants grow better.. because it's fricking plant food

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And when removing co2 destroys vegetation in Louisiana, they’ll get to grift off of that recovery effort as well.

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It says 1 million metric tons of co2 will be captured yearly

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I find that hard to believe. If we produce 40 billion metric tons per year, then it would take 40,000 carbon capture plants to be neutral. Since some carbon is needed and filtered naturally, 20,000 carbon plants would likely be all that’s needed.

20,000 seems like a doable number worldwide. We probably have more refineries than that.

With that said, how much carbon is produced and natural resource consumed while building and maintaining a carbon plant?