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You can take CO2 from industrial processes that emit it as a byproduct. Carbon fee and dividend would incentivize low carbon fuels by putting a price on carbon
by vegetablepotpie 3y ago
You can take CO2 from industrial processes that emit it as a byproduct.
Carbon fee and dividend would incentivize low carbon fuels by putting a price on carbon. The methanol purchased would not incur a fee. Carbon fee and dividend is employed in Canada and bills have been introduced to the US congress many times since 2009. Shipping companies have an incentive to begin employing low carbon fuels to get ahead of policy changes.
- onlyrealcuzzo 3y agoHmm - why isn't this happening more often? IIUC, you can produce 1 tonne of Methanol for $100-250 from CO2: https://decarbonisationtechnology.com/article/162/conversion-of-co2-to-methanol https://decarbonisationtechnology.com/article/162/conversion... (presumably the cost should be less for waste, since waste is "free"). That would be ~250k BTU per dollar and gasoline is about ~50k BTU per dollar IIUC. OTOH, natural gas is close to 1M BTU per dollar.