Startup Carbon Clear introduced earlier this week that it raised $150 million in a Sequence C that gives it with a large conflict chest to proceed the event of its modular carbon seize system.
Carbon Clear has received its share of admirers, most lately Chevron, which led the spherical, and BloombergNEF, which named it a BNEF Pioneer final month partially due to the startup’s small-scale strategy to carbon seize and sequestration (CCS).
Sometimes, the expertise is a large-scale affair. In spite of everything, the world must eradicate emissions on an enormous scale, and the expertise advantages from a certain quantity of scale. That’s why CCS is often envisioned hooked up to huge coal- or gas-fired energy crops.
However there are nonetheless many smaller websites, from cement kilns to chemical crops, which are at the moment wedded to fossil fuels however nonetheless must be decarbonized. These are the kinds of corporations that Carbon Clear pitches itself to, and the startup says that its modular strategy can assist polluters cope with their carbon emissions incrementally as rules ratchet up.
Essentially, Carbon Clear depends on a tried-and-true course of to strip carbon dioxide from exhaust streams. Exhaust containing carbon dioxide is shipped by way of a filter that’s wetted with an amine-based solvent. At decrease temperatures (round 50 levels Celsius, or 122 levels Fahrenheit), carbon dioxide will bind to the amines. The CO2-laden solvent is then pumped to a different container, the place it’s heated to 110 to 120 levels C (230 to 248 levels F) to launch the fuel, which is then compressed and despatched elsewhere for use or saved. Every firm has its personal amine solvent with totally different properties, and the main points of the method could differ, however that’s the gist of it.
Carbon Clear CEO Aniruddha Sharma stated his firm’s amine solvents can cut back prices in contrast with a generally used amine by requiring much less vitality to warmth and by lowering corrosion within the system. Till the corporate releases extra knowledge, such claims will likely be arduous to guage. However based mostly on the overall sort of amine it’s utilizing, Carbon Clear is more likely to see not less than a small enchancment in vitality use.