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Message
re: Can someone explain how carbon capture can make any money?
Posted on 8/13/23 at 8:37 am to ksayetiger
Posted on 8/13/23 at 8:37 am to ksayetiger
LINK
240 trees to eradicate CO2 from one car
240 trees X 500,000 cars = 120,000,000 trees
How much does it cost to plant a tree?
quote:
Published the end of last month by Greenautoblog.com, the sourced list graphically states “It takes 240 trees to absorb the CO2 produced from one car in a single year.”
240 trees to eradicate CO2 from one car
240 trees X 500,000 cars = 120,000,000 trees
How much does it cost to plant a tree?
1
Posted on 8/13/23 at 11:02 am to ksayetiger
From what I understand, oil and gas companies involved in drilling carbon capture wells are being given blank checks by the govt to drill them. It's bs accomplishing nothing. However, it's good pr for govt and environmentalists.
Posted on 8/13/23 at 11:07 am to ksayetiger
quote:
Can someone explain how carbon capture can make any money?
Federal grants for capital equipment: compression equipment, measurement, pipelines, wells, etc.
Tax credits: $85/metric ton of CO2 sequestered. So if you are a power plant producing 10 million metric tons of CO2 per year and you sequester 10 million 10,000 feet below the ground you receive $85 million per year in tax credits.
All profits to sequester CO2 are coming from the tax payer.
Posted on 8/13/23 at 11:14 am to dafif
quote:
Wouldn't building a golf course qualify?
It should. Golf courses should be able to weight their grass clippings, multiply that time a percentage because some of the grass clippings are inorganic matter and nitrogen which doesn't count and receive the $85 dollar per 1000 kilograms of CO2 captured. It wouldn't be much but it would be some. Just guessing, maybe $1K - $5K a year in tax credits for a typical golf course.
Posted on 8/13/23 at 11:28 am to Statestreet
quote:How many trees were cut in the South American rain forest and were not replaced?
240 trees to eradicate CO2 from one car
240 trees X 500,000 cars = 120,000,000 trees
How much does it cost to plant a tree?
Posted on 8/13/23 at 4:08 pm to stuckintexas
quote:
This should mean its the O&G companies that are spending the money on it.
Yes because regulatory mandates forced them.
And where are they getting the money to buy carbon credits?
You and me.
Regulations are hidden taxes.
Posted on 8/13/23 at 4:10 pm to ksayetiger
Reminds me of recycling. That was supposed to make towns money. It cost more to collect the separated stuff before you throw it into the landfill.
Posted on 8/13/23 at 6:25 pm to Diamondawg
quote:
Anesthesia machines used to capture (scrub) CO2 in closed circuit by running the exhaled gases through what I believe were charcoal pellets. Kind of had to use close circuits or you would expose everyone in the room with anesthetic gases. Probably still uses something but haven't been around it in years.
Zeolite does the job. It captures CO2 and when it is heated a bit, it releases it.
Planting pine trees is a far better form of CO2 capture and sequestration. It's really is renewable and profitable.
Posted on 8/13/23 at 9:34 pm to Gus007
quote:
Why build them here? The carbon is coming from China. Why doesn't the UN punish China for their carbon emissions.
I actually don’t have an issue with carbon capture being built here. If you’re not putting burden on our industry to limit emissions, but trying come up with a collaborative solution, then no harm / no foul.
But if you’re burdening domestic manufacturing in conjunction with this, is financial suicide with no benefit.
Posted on 8/14/23 at 5:11 am to RogerTheShrubber
quote:
make money for a select few people related to those serving in DC
for the DEMs and way too many GOPe that is the driving factor for ALL federal spending - they get rich on the grift.
Taxpayers got lots of money the don't need.
Posted on 8/14/23 at 7:10 am to ksayetiger
it doesnt generate a product. the sole purpose is for the carbon capture to create credits per lb of carbon captured (i know how stupid it sounds)
the company capturing the carbon can then sell the credits to companies like BP who cause large disastrous oil spills that will hurt their "carbon credit rating." BP then go to these carbon capture companies and buy credits to bring their carbon rating back up to par so it doesnt hurt their ESG score
thanks ESG and green new deal
the company capturing the carbon can then sell the credits to companies like BP who cause large disastrous oil spills that will hurt their "carbon credit rating." BP then go to these carbon capture companies and buy credits to bring their carbon rating back up to par so it doesnt hurt their ESG score
thanks ESG and green new deal
Posted on 8/14/23 at 7:38 am to ksayetiger
Well, it's quite simple. The radicalists take over. Then they establish a rule that everyone must pledge total allegiance to the Supreme Leader. If you balk at the demand they gather you and others and dump you into a giant caldron of fire. When the fire subsides and all that is left is carbonized bodies, they scoop up the carbon and use it to fertilize the vegetables in the local version of the National Peoples Garden. Then they advertise organically grown veggies and sell'um. Simple.
You cringe and chuckle? Remember this, there are people lurking in the shadows of this government who would do something like this and more. Remember Creepy Joe hired a dude dressed in print skirts, heels, and wearing rouge and lipstick to discard nuclear waste.
Pol Pot was just trying to establish inclusion and power to the people when he marched everyone into the jungle and killed them. The skulls of those poor people now occupy shelves in museums in Cambodia.
Carbon Capture.
Trump 2024 - Make America Safe Again
You cringe and chuckle? Remember this, there are people lurking in the shadows of this government who would do something like this and more. Remember Creepy Joe hired a dude dressed in print skirts, heels, and wearing rouge and lipstick to discard nuclear waste.
Pol Pot was just trying to establish inclusion and power to the people when he marched everyone into the jungle and killed them. The skulls of those poor people now occupy shelves in museums in Cambodia.
Carbon Capture.
Trump 2024 - Make America Safe Again
This post was edited on 8/14/23 at 5:23 pm
Posted on 8/14/23 at 7:49 am to Penrod
quote:
How much money did catalytic converters make?
So if I go get a catalytic converter replaced on my vehicle, no one is making money off that? I find it hard to believe. They would be priced higher than the cost to make. Just like every other good.
Posted on 8/14/23 at 11:19 am to ksayetiger
quote:
carbon capture
Plant trees. Best carbon capture there is.
Anything else is a money grab. Why spend money to "capture carbon" when you can just preserve forests and woodlands, and expand protected habitats?
And, once again, that problem lies not in the USA. Most global deforestation happens in Asia and South America, but for some reason American taxpayers have to spend more money to fix problems people halfway across the globe and/or in the opposite hemisphere are causing?
bullshite.
Posted on 8/15/23 at 8:03 am to geauxbears08
quote:
There’s about 115 in the US and 675 worldwide.
Damn, I guess my perspective is skewed. 100 of the 115 must be in Louisiana.
Posted on 8/15/23 at 8:11 am to CollegeFBRules
quote:
I actually don’t have an issue with carbon capture being built here. If you’re not putting burden on our industry to limit emissions, but trying come up with a collaborative solution, then no harm / no foul.
Apparently you missed the EPA announcement massive rolling black outs expected because of their regulations on power plants that use natural gas and coal
Posted on 8/15/23 at 8:24 am to ksayetiger
IRS 45Q tax credits, which became more valuable with the Inflation Reduction Act. The emitter is in line for the credit, so they will pay the transporter and disposer a tariff for getting it to and into the storage site.
$85 per ton of CO2 stored. When talking 100 MM tons, that’s how people are making money.
$85 per ton of CO2 stored. When talking 100 MM tons, that’s how people are making money.
Posted on 8/15/23 at 8:29 am to Oneforthemoney
I believe the federal investment is for capture equipment. The cost to capture from the heaviest emitters isn’t currently cost beneficial - only “clean” emissions like those from ammonia or hydrogen plants are in the black for investments currently. Those managing storage sites are bearing the cost of permitting and drilling the wells. An EPA Class VI well is not easy or cheap to get approved and drilled.
Posted on 8/15/23 at 11:17 am to Deplorableinohio
quote:
What a ridiculous post.
Thank you!
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