Explain how direct air capture makes money? Just a question and nothing implied.
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https://www.oxy.com/operations/carbon-innovation/
Is the energy used/carbon produced to capture CO2 factored into the amount recovered from the atmosphere? Given there is about 0.04% CO2 in atmospheric air you'll need to process a lot of air to get one ton of CO2 and then only a fraction is actually carbon with the rest oxygen. Is the carbon separated from the oxygen? How does the process work? Can someone explain.
There’s a reason they changed the company slogan from “We are Oxy” to “Zero in”
The federal government pays $50/ton (maybe soon to be $85/ton) for sequestered carbon. Carbon intensive companies (like United Airlines) pay $xx/ton for carbon offsets. Oxy saves $yy/ton in avoided CO2 purchases for EOR. Hopefully, 85+xx+yy is greater than the cost to capture and sequester.
It makes money through tax write-offs and government subsidies.
Same as most of the business.
Silly g00se.