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This is the play that Terraform Industries is engaging in as well. Cost for synthesizing a unit of methane from atmospheric CO2 and water using solar power is s
by c54 4y ago
This is the play that Terraform Industries is engaging in as well. Cost for synthesizing a unit of methane from atmospheric CO2 and water using solar power is set to drop lower than the cost of drilling it out of the ground.
https://terraformindustries.com/ https://terraformindustries.com/
- bryanlarsen 4y agoAccording to their December newsletter, they project that point will occur in 2027 without subsidies and 2024 with the subsidies provided by the Inflation Reduction Act.
- bryanlarsen 4y ago> lower than the cost of drilling it out of the ground. Shipping is a huge component of the price of natural gas. So it'll be a long time before they're cheaper than the price of natural gas in Alberta or Siberia, but they'll be able to beat the price in Los Angeles a lot sooner.
- c54 4y agoThat’s a good point, local production cuts out the cost of transportation