LafargeHolcim has entered a joint study to assess the viability and design of a commercial-scale carbon-capture facility at its Portland Cement Plant in Florence, Colorado.
LafargeHolcim, Svante, Total and Occidental subsidiary Oxy Low Carbon Ventures (OLCV) will evaluate the cost of the facility, which is expected to capture up to 725,000 tonnes of carbon dioxide (CO2) per year.
OLCV president Richard Jackson says: “Participating in this study aligns with our goals of finding an economical pathway toward large-scale application of carbon-capture technologies to reduce emissions.”
LafargeHolcim says the facility will employ Svante’s technology to capture carbon directly from industrial sources at half the capital cost of existing solutions. Occidental, would sequester the captured CO2.
Claude Letourneau, CEO of Svante, says: “Svante’s capital cost advantage, combined with progressive tax credit policies such as the 45Q tax credit in the U.S., can make carbon capture profitable across a range of large-scale industrial applications like cement.”
Marie-Noëlle Semeria, senior vice president at Total, says the company has slated 10% of its annual R&D budget to advance carbon capture, utilisation and storage (CCUS).
“The learnings from this study will help us pursue our commitment to the commercial development of CCUS,” she adds.